Deere & Co (DE)

DE (NYSE:Industrial) EQUITY
$110.27
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | DE Avg Daily Volume: 3,138,600
Last Update: 02/17/17 - 4:00 PM EST
Volume: 0
YTD Performance: 7.02%
Open: $0.00
Previous Close: $110.27
52 Week Range: $74.91 - $112.18
Oustanding Shares: 318,550,477
Market Cap: 35,126,561,099
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 6 6 5 4
Moderate Buy 0 0 0 0
Hold 8 8 6 8
Moderate Sell 0 0 0 0
Strong Sell 5 4 5 5
Mean Rec. 2.86 2.74 2.96 3.08
Latest Dividend: 0.60
Latest Dividend Yield: 2.18%
Dividend Ex-Date: 12/28/16
Price Earnings Ratio: 29.48
Price Earnings Comparisons:
DE Sector Avg. S&P 500
29.48 22.90 30.60
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
20.16% 35.42% 28.46%
GROWTH 12 Mo 3 Yr CAGR
Revenue -8.90 -0.30 -0.11
Net Income -21.60 -0.60 -0.24
EPS -16.60 -0.50 -0.19
Earnings for DE:
EBITDA 0.48B
Revenue 24.13B
Average Earnings Estimates
Qtr (04/17) Qtr (07/17) FY (10/17) FY (10/18)
Average Estimate $1.44 $1.38 $4.43 $5.25
Number of Analysts 9 9 11 9
High Estimate $1.60 $1.74 $5.00 $6.00
Low Estimate $1.15 $0.99 $3.70 $4.38
Prior Year $1.56 $1.55 $4.81 $4.43
Growth Rate (Year over Year) -7.69% -11.11% -7.84% 18.51%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Deere has finished in the red in 8 of its last 10 quarterly reports.
Long-term holders' patience has not been rewarded with these two stocks.

Today's Good, Bad and Ugly Real Money Pro($)

Biotech is dancing off of the stock screen, especially the more speculative merchandise. In large cap bio, Celgene (CELG) remains an upside standout. I don't have a dog in the hunt. Apple (AAPL) is still recovering from the earnings report date last week. I will give the stock some leeway before adding to my short. Walmart (WMT) is the world's fair. Amazon's (AMZN) streak is intact, as is Alphabet's (GOOGL) . This is contributing to continued strength of QQQs over SSSs. Twitter (TWTR) -- arguably the world's most hated stock these days -- continues to climb, albeit slowly. I have recently added post-earnings. My favorite large-cap, DuPont (DD) , holds up well and seems to have a mission to reach $70. I will have an update in the next few days. The Bad Bonds are the day's lows. I continue to see a generational bottom in yields, as noted a few weeks ago when the 10-year U.S. note yield breached 1.35%. Energy stocks are finally catching up to the drop in crude oil prices. I don't find en

My Takeaways and Observations Real Money Pro($)

The U.S. dollar faltered. The price of crude oil fell another $1 on top of days of losses. No correlation at all with stocks. Gold up $20 to $1,341. A two-week high. Agricultural commodities: wheat flat, corn +4, soybeans +13, oats -1. Lumber -2. Bonds ripped higher, with iShares 20+ Year Treasury Bond ETF (TLT) up $1.90. The yield on the 10-year U.S. note dropped by six basis points to 1.50%. The long bond was 21%. As mentioned earlier the 2s/10s spread dropped to 78 basis points, within three basis points of the lowest spread since 2007. Municipals were well-bid. Closed-end muni bond funds gave up a bit despite the gain in taxables. Junk bonds were higher. Banks continued to rally. I shorted Financial Select Sector SPDR ETF (XLF) near day's end. An awful Deutsche Bank (DB) profit report sent the shares nearly 4% lower. Insurance stocks were hit on higher bond prices. Retail universally was lower after some tentative signs recently of technical improvement. Crude oil's decline hit energy stocks -- another group that appeared to have improved technically. Maybe not so much. Media was mixed. Staples were weak, led by lower guidance at KO. Biotech was up 3%, led by good news from Allergan (AGN) . Ag equipement was mixed. Deere (DE) was lower but my short Caterpillar (CAT) continues its strong climb. (T)FANG featured an earnings-inspired run from FB after the close. In individual names, Apple was higher, Twitter lower and Oaktree Capital Group (OAK) was down nearly 4% in reaction to earnings. which I will get to tonight. Here are some valuable contributions on our site today: Jim "El Capitan" Cramer on four stocks that upset the short community.  Tom Graff on the Fed.  Rev Shark invokes The Happenings. We'll see the Fed in September.  "Big" James Gentile on when good earnings really aren't. Ed Ponsi "Scheme" on the tale of two Apples. 
Charts suggest softer prices lie ahead.
Chipotle, Wendy's on the bull side and gold stocks on the bear side.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened. The price of crude oil declined by $1.20 to $44.55, but it had little impact on the markets. Gold recovered $12.40 to $1,331. Agricultural commodities: wheat +5, corn -5, soybeans +4 and oats +3. Bonds were down relatively big early in the day, but recovered at the day's end. The yield on the 10-year note dropped two basis points . The long bond yield was flattish. The 2s/10s spread rose by one basis point to 87 basis points. Municipals were flat. High yield was better to sell. Banks sold off small after bonds dipped in the morning and didn't reverse with the recovery in bonds during the afternoon. Brokerages were hit with profit taking. Insurance was mixed. I added to Hartford Financial Services Group (HIG) . Auto stocks disappointed (up modestly) despite the General Motors (GM) blowout. I added to my short in premarket trading. Old tech cooled off after Intel's (INTC) disappointment after the close on Wednesday. Energy stocks were lower on weaker crude prices. Retail was mixed. Ag equipment was up big in the early going after the Joy Global (JOY) takeover, but faded all afternoon. Deere (DE) was lower on the day. Defensive, staples were lower on the day, led by Campbell Soup (CPB) on weak earnings. All components of (T)FANG were lower. Tesla (TSLA) , off $8, led on the downside. Here are some value-added contributions from our columnists: I liked two of them very much by Jim "El Capitan" Cramer. One, on staying with stocks, and the other, on GM's blowout of earnings per share.  Tim "Not Judy or Phil" Collins on "insect positioning."  Robert "Not Rita" Moreno on a contrary view on PepsiCo (PEP) (short).  The market has stretch marks, according to Rev Shark.  Tim Melvin on some interesting regional bank buys. 

My Takeaways and Observations Real Money Pro($)

The dollar strengthened and is now at a four-month high; I find that few are looking at this. The price of crude oil fell by two bits to under $45 a barrel. Gold is up $3 to $1,332. Agricultural commodities got schmeissed: wheat -10, corn -13, soybean -35 and oats -2. This could weigh on fertilizers and ag equipment stocks. Lumber was down $3 following the housing starts numbers. Bonds rallied. The 10-year U.S. note yield fell by three basis points to 1.555% while the long bond yield dropped by the same basis points to 2.275%. I would add to my short with yield drops back to 1.5% and 2.2%, respectively. Municipals were better to buy. Closed-end muni bond funds continue to rebound. Yesterday the sector was very strong after days of weakness). Junk bonds are stronger. Nonetheless, Blackstone/GSO Strategic Credit Fund (BGB) was lower by a few pennies. Banks were mixed, though Bank of America's (BAC) strong Monday carried through today. I am looking for a Financial Select Sector SPDR ETF (XLF) short entry point. Brokerages were lower despite the Goldman Sachs (GS) beat. Here is Jimmy Cramer's take on Goldman. Life insurance was mixed. I am adding aggressively to HIG (where there is smoke, there is fire?)  Staples saw little price movement. Biotech was weaker. Speculative Intrexon (XON) (a former holding and Biotech Basket member) and Ziopharm Oncology (ZIOP) getting clipped again. Ag equipment got hurt by the drop in commodities prices. Both Caterpillar (CAT) and Deere(DE) are lower. I would add to my CAT short above $80 a share. Retail was broadly lower. I have no longs in the space. My shorts Foot Locker (FL) and Nordstrom (JWN) were back down after strong gains on Monday. (T)FANG was up small, save for NFLX's big drop. Here are some value-added contributions from our great team: Tim "Not Judy or Phil" Collins in preparation of the Mr. Softee's (i.e., Microsoft's (MSFT) ) earnings report today.  "Meet" Bret Jensen on three reasons to expect a pullback.  RevShark on anticipation. I keep on way-way-waiting!  Roger Arnold on ways to play a recovery in first-time home buying.

CAT Is a Dog Today Real Money Pro($)

The 1% drop that we're seeing this morning in Caterpillar (CAT) could be weighing on Deere (DE) , as well as agricultural and possibly fertilizer stocks as well.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. This is bearish for economic activity, commodities prices and profits. The price of crude oil got hit ... hard. At $46.50, it's down $2.50 on the day. Gold was up $18 to $1,357. Hey, Mikey, he likes it! Agricultural commodities: wheat +2, corn -9.50, soybean -60.50(!!), oats -1. Lumber +7. Bonds continued to ramp in price and move lower in yield. iShares 20+ Year Treasury Bond ETF (TLT) was down $2.00. The yield on the 10-year U.S. note fell by nine basis points to 1.37%.  As I mentioned earlier, that's a 63-year low in yield. The long bond yield declined by 11 basis points to 2.14%. The 2s/10s spread flattened to another low at 82 basis points. Municipals were well-bid today. Closed-end muni bond funds were only slightly higher in price, though. The high-yield bond market continues to move with equities -- in this case, lower. Bank stocks are the negative feature in the market today, with declines of 3% to 4%. It's much worse (down 5% to 10%) in EU banking shares. Brokerages equal schmeissburger. Life insurance stocks were taken to the woodshed. My shorts Lincoln National (LNC) and MetLife (MET) were down $2 apiece, and my long Hartford Financial Services Group (HIG) fell $1.30; I have been adding. Retail was weaker after being weak all year; my short Nordstrom (JWN) was off 80 cents. Best Buy (BBY), Macy's (M) and Nike (NKE) were all worse off than Friday's close. My short Foot Locker (FL) was essentially unchanged. Old tech was weak but not materially so. Biotech was weak, though down less than 1%. Allergan (AGN) was up $2.50, though Valeant (VRX) hits new lows; more speculative biotech was much lower. Autos are tanking further, and so are housing stocks. Both groups have rolled over badly despite some sponsorship from "value investors." Ag equipment stocks were punished, with my short Caterpillar (CAT) down two beaners and Deere (DE) off $1.50. They must be watching the 60-cent decline in the price of soybeans!  Moreover, dealer sales continue to founder and the strength of our currency is like a dagger in the hearts of these stocks. Staples remain an upside feature. (T)FANG was under pressure. Tesla (TSLA) is a dog with fleas, lower for the second day in a row. Needham cut Netflix (NFLX), but it was still up 1% on the day. In individual stocks, Twitter (TWTR) was down nearly 1% but Oaktree Capital Group (OAK) was flat. My long fav DuPont (DD) was down $1.25 and approaching my buy level after I sold some off in the high $60s. I live in the $61 to $62 area, Apple (AAPL) again is breaking down, off almost a beaner.  Disney (DIS) shares are suffering under some weak movie experiences; that chart, too, looks like it is rolling over.  Here are some value added posts on our site today: Jim "El Capitan" Cramer chimes in on Deutsche Bank, the canary in the coal mine.  "Meet" Bret Jensen makes a second-half forecast.  Tim "Not Judy or Phil" Collins likes the Valeant chart. At some point there could be value, but the prospects for asset sales and writedowns and a $31-billion debt load in the face of eroding fundamentals makes me pass. Tom Graff likes bonds.  Rev Shark on the challenging markets.

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