Deere & Co (DE)

DE (NYSE:Industrial) EQUITY
$81.72
pos +0.00
+0.00%
Today's Range: 81.40 - 83.16 | DE Avg Daily Volume: 3,203,000
Last Update: 06/24/16 - 4:00 PM EDT
Volume: 0
YTD Performance: 7.15%
Open: $0.00
Previous Close: $84.29
52 Week Range: $70.16 - $98.23
Oustanding Shares: 314,258,886
Market Cap: 26,488,881,501
6-Month Chart
TheStreet Ratings Grade for DE
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
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Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 3 2 1 2
Moderate Buy 0 0 0 0
Hold 8 10 10 10
Moderate Sell 0 0 0 0
Strong Sell 3 3 4 4
Mean Rec. 2.95 3.09 3.35 3.21
Latest Dividend: 0.60
Latest Dividend Yield: 2.85%
Dividend Ex-Date: 06/28/16
Price Earnings Ratio: 10.74
Price Earnings Comparisons:
DE Sector Avg. S&P 500
10.74 16.90 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
1.84% -13.06% 0.89%
GROWTH 12 Mo 3 Yr CAGR
Revenue -21.60 -0.20 -0.07
Net Income -38.60 -0.40 -0.14
EPS -33.20 -0.20 -0.09
Earnings for DE:
EBITDA 2.46B
Revenue 26.48B
Average Earnings Estimates
Qtr (07/16) Qtr (10/16) FY (10/16) FY (10/17)
Average Estimate $0.93 $0.61 $3.89 $3.57
Number of Analysts 8 8 10 10
High Estimate $1.00 $0.66 $3.95 $4.20
Low Estimate $0.90 $0.56 $3.80 $2.92
Prior Year $1.53 $1.08 $5.77 $3.89
Growth Rate (Year over Year) -39.13% -43.75% -32.53% -8.19%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
This could be the start of something big.

My Morning Musings Real Money Pro($)

I'm avoiding biotech. I find investing in the financials boring, except for slow nibbles and clipping the dividend at JPMorgan Chase (JPM). I love the long-term secular themes of resource optimization, efficiency and infrastructure. I think these areas will see some serious "growth runway" in the future, and I look forward to discussing them with you today.
The stock could hit the $40s if the company executes well.
They're betting on a continuation of fundamental deterioration.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar got schmeissed after the weak jobs report. Crude oil fell by 70 cents. Gold was up by $30 to $1,242. Agricultural commodities were inconsistent in price change today: wheat +8, corn +2, soybean -7 (after yesterday's huge ramp) and oats -1. Lumber +5. Bonds soared. iShares 20+ Year Treasury Bond ETF (TLT) was up $1.70. The 2s/10s spread stood at 92 basis points; a multiyear low, at 90 bps, occurred yesterday. The 10-year U.S. note dropped by nearly 11 basis points to 1.70% and the 20-year yield fell by seven basis points to 2.52%. Municipal bonds were stronger, as were closed-end muni bond funds. High yield traded slightly higher in price. Blackstone/GSO Strategic Credit Fund (BGB) was flat. Banks were the principal victim of lower rates; I expect a good portion of the spring rally to be retraced this summer. I added to my Financial Select Sector SPDR ETF (XLF) short. Citigroup's (C) management warning weighed on its shares. Jamie Dimon's auto loan warnings also are weighing on the bank sector as well as the auto space as credit quality and future funding issues arose. Brokerages were weak. Insurance stocks got smoked; I remain short Lincoln National (LNC), down $1.50, and MetLife (MET), down $1.40. My long Hartford Financial Services Group (HIG) was down 60 cents. Energy stocks fared better than the commodity drop with only modest losses. Retail exhibited modest price changes -- flat lined, on average. Old media fell back, led by IBM (IBM), down $1.25. Autos continue their weak spell, with both Ford (F) and General Motors (GM) falling to recent lows. Again, value traps. Ag equipment continued to be responsive to a Joy Global (JOY) beat. Both Deere (DE), on a Goldman upgrade, and Caterpillar (CAT) experienced nice gains. Media was flat to slightly lower. In individual stocks, Alibaba (BABA) traded poorly (still!) after its partial distribution by Softbank. Starbucks (SBUX) is still leaving a bitter taste. Apple (AAPL) was up small in a weak tape after a few days of underperformance. The Mighty Oak -- aka Oaktree Capital Group (OAK) -- dropped some leaves. DuPont (DD), my fav long, continues to be a dream coming true. Here are several value-added contributions on Real Money Pro: Jim "El Capitan" Cramer firing some yield-seeking missiles.  Skip Raschke loves gold and has some secrets how to trade it. And Tim "Not Judy or Phil" Collins has some additional thoughts on a trigger to buy gold.  "The Piano Man" RevShark sings about the Fed being a matter of trust.  Versace and Hawkins on what the jobs report might mean for stocks and economic forecasts.
The Georgia-based manufacturer may be outperforming Deere due to its focus on farming equipment and optimism on Argentina.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar advanced modestly. I continue to see more strength ahead, which should help my Consumer Staples Select Sector SPDR ETF (XLP) short (last week's Trade of the Week) and my XLB short (this week's Trade of the Week). Crude oil declined by 42 cents and is under $49. I am short energy stocks and I wouldn't be surprised if oil prices rolled over in the face of (1) the recent rip and (2) more evidence of slowing domestic economic growth. Nat gas rose by 12 cents. Gold rose by $2.80 and is trading at $1,219; my guess is $1,150 before $1,300, but this is a non-rigorous guess! Agricultural commodities got schmeissed: wheat -15.50, corn -7.75 (UBS raised Deere (DE) based on higher corn prices -- we will see!), soybeans -8.0 and oats -3.75. Lumber -6.40. Bonds were better bid. The yield on the 10-year note was down a basis point at 1.83% and the long bond also was basis point lower at 2.635%. Municipals were slightly higher in price and lower in yield. Closed-end municipal bond funds were mixed. High yield was sold. Blackstone/GSO Strategic Credit Fund (BGB) was flat after making a near-term high earlier in the morning at $14.40. Banks reversed to the downside after morning gains. I would continue to avoid them, but I am in the minority. Seems like every talking head now loves the space after rejecting banks at the lows. Insurance got hit, though my long Hartford Financial Services Group (HIG) outperformed Lincoln National (LNC) and MetLife (MET) --- a good thing. Brokerages also reversed good gains in the a.m. I'm not interested here with capital markets dull and trading light. iShares Nasdaq Biotechnology ETF (IBB) was up $3 but off the day's highs. AGN now is reversing back into the red. Valeant (VRX) can't rally. Gilead Sciences (GILD), Celgene (CELG) and Intrexon (XON) -- three other recent additions -- are trading well. Energy stocks were conspicuously weak despite a quiet day in the commodity. Media, led by Disney (DIS), was weaker. I addressed DIS earlier in the day. Staying short. Autos turned lower, but fractionally so. I still endorse the Peak Autos thesis. Agricultural equipment was trading better on the Deere upgrade, but sense it will be short-lived. Retail was mixed, but my shorts Nordstrom (JWN) and Foot Locker (FL) were lower by about half a beaner. I have no longs and don't anticipate a move in the retail space on the long side. Staples were broadly lower, a good thing for last week's Trade of the Week, short XLP. TFANG was buoyed by another new high in Amazon (AMZN), up $8.50. Others were fading. NOSH -- all four names were lower, led by Home Depot (HD), O'Reilly Automotive (ORLY) and Nike (NKE). In individual names, Potash (POT) suffered a downgrade by Stifel.  The MIghty Oak, Oaktree Capital Group (OAK), was up on the day. Twitter (TWTR) continues to rally, albeit from low levels. Apple was down $1.10 on the upgrade cycle lengthening news (see above). Mortgage insurance was flat.  Here are five good columns from Real Money Pro today: Jim "El Capitan" Cramer sees bargains. I see few sectors or stocks that meet my standards of value. Ben "Goldfinger" Cross sees the credibility of the Fed put to the test. This is a refrain of mine for the last 12 months.  Tom Graff asks what numbers are most meaningful to the Fed. Tim "Not Judy or Phil" Collins on alphabet soup!  Divine defines sentiment  and RevShark goes Tina Turner on us.
JOY sets the tone for some cyclicals this week.
Folks, hiking rates one or eight times is really not that big a deal.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened. Crude oil rose by nearly a beaner to $49.50. Nat gas climbed a penny. Another weak day for gold, down $5.50 to $1223; I wrote upon the subject yesterday and previously. Agricultural commodities: wheat +2, corn +7, soybeans +31(!), oats +1. Lumber +5. Bonds fell. iShares 20+ Year Treasury Bond ETF (TLT) down half a beaner. The yield on the 10-year U.S. note was unchanged, with the yield at 1.86%. The long bond yield rose by two basis points to 2.67%. Municipals were flat and so were closed-end muni funds. The high-yield market was bid for. iShares iBoxx High Yield Corporate Bond ETF (HYG) up 15 cents and SPDR Barclays High Yield Bond ETF (JNK) up a nickel. Blackstone/GSO Strategic Credit Fund (BGB) was three cents higher and appears to be challenging the recent highs. Banks were the standout group despite no normalization in the yield curve. Insurance was broadly higher. My long, Hartford Financial Services Group (HIG), lagged -- I added. Brokerage stocks on fire. Morgan Stanley (MS) up 40 cents and Goldman Sachs (GS) up $4. Retail rallied after being sold off for weeks. Shorts Nordstrom (JWN) was up 20 cents and Foot Locker (FL) up 75 cents. Energy stocks followed the rise in crude oil. Schlumberger (SLB) was up $2. Old tech was led by an outsize gain in IBM (IBM), up $3, but Intel (INTC), Microsoft (MSFT) and Cisco (CSCO) all were stronger. Media lagged. Comcast (CMCSA) and Disney (DIS) were up only modestly. Staples were higher, but not materially so. Nevertheless, my Consumer Staples Select Sector SPDR Fund (XLP) short (Trade of the Week) is stinking up the joint. Agricultural equipment was strong, with Deere (DE) up 80 cents and Caterpillar (CAT) up $1.30. (T)FANG looks like it is being rotated out of. NOSH was lower, save O'Reilly Automotive (ORLY). CRABBY was led by Citigroup (C) but hurt by Alleghany (Y). In individual stocks, Apple (AAPL) continues its forceful move, up $1.75. It is now in my shorting range. Stay tuned. Potash (POT) recovered from yesterday's loss. Twitter (TWTR) had a dead-cat bounce. DuPont (DD), my large cap fav, looks like it has a mission at $70. My fav short, Coca-Cola (KO), is flat. Oaktree Capital Group (OAK) is better; I have been buying. Here are some valueable columns form Real Money Pro today: Jim "El Capitan" Cramer takes an opposite view of mine on banks. Hey, Mikey, he likes theme!  Rev Shark on lull lite.  Tim "Not Judy or Phil" Collins on investor sentiment, which I believe is fueling the market, in part, this week.  Another one on sentiment from Rev.  Jeremy LaKosh on Staples (SPLS). 

Columnist Conversations

.... that Monday is a total bloodbath.
I was going to publish a thought piece on Pandora and Groupon for the weekend; but it will get lost with all o...
Clorox is trading at new all time highs today with the help of a nice bump in trade.  The stock is up just ov...
Spot Gold has hurdled-- and is sustaining above-- its prior significant rally peak at $1307.40, which has the ...

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