Deere & Co (DE)

DE (NYSE:Industrial) EQUITY
neg -0.47
Today's Range: 79.83 - 81.95 | DE Avg Daily Volume: 3,143,300
Last Update: 06/30/16 - 4:01 PM EDT
Volume: 4,880,640
YTD Performance: 6.87%
Open: $81.92
Previous Close: $81.51
52 Week Range: $70.16 - $98.23
Oustanding Shares: 314,258,886
Market Cap: 25,574,388,143
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
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
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: 2.95%
Dividend Ex-Date: 06/28/16
Price Earnings Ratio: 10.37
Price Earnings Comparisons:
DE Sector Avg. S&P 500
10.37 16.30 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
1.25% -14.16% 0.32%
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:
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
Increased analyst quarterly earnings estimates for 2017 would be a good indicator of a bottom.
U.S. futures are following world markets lower, along with stocks that missed on earnings.

Deere in the Headlights Real Money Pro($)

Deere (DE) has pulled a Caterpillar (CAT) this morning and issued dramatically lowers guidance.
Looking ahead to tomorrow, there are two big companies to watch from an earnings perspective.
Apple's strong trend; a strategy for Facebook; and a close look at Deere.
Hormel Foods looks intriguing, as does Wal-Mart and T-Mobile.
Coca-Cola (KO). Old economy. IBM (IBM). Old economy. American Express (AXP). Losing its franchise value in a more commoditized market for financial products. Wells Fargo (WFC). A plodding and undifferentiated super-regional bank. Deere (DE). A casualty of exported commodity deflation. And now, 67 million shares of Wal-Mart (WMT). Very old economy. Berkshire has essentially become an index fund whose performance materially reflects domestic (and to some degree worldwide) growth. But in my view, the company is a victim of its past success, and it's now too big to manage toward superior relative profit and sales growth. Buffett used to 'chase gazelles' in his acquisitions, buying companies that were available on the cheap due to controversies (i.e., Geico, Coca-Cola and American Express). But now, he chases elephants -- slow-growing and mature companies that sell for expensive prices. So, I think we're "Peak Buffett" -- but what a peak! -- Doug's Daily Diary, 
Apple makes a $20 billion+ acquisition and the shares trade at $90 after two consecutive, large earnings misses. JPMorgan Chase (JPM) and Morgan Stanley (MS) merge. Goldman Sachs (GS) significantly bolsters its money management operations by acquiring T. Rowe Price (TROW). Two private-equity firms compete to acquire retailer Macy's (M). Web entrepreneur David Rosenblatt replaces Marissa Mayer as CEO of Yahoo (YHOO).  After three years of overpromising and underdelivering, Douglas Oberhelman resigns as CEO of Caterpillar (CAT). Stung by large losses in Chesapeake Energy (CHK) , Cheniere Energy (LNG), Freeport McMoRan (FCX) and other companies, Carl Icahn steps down and appoints his son Brett as CEO of Icahn Enterprises (IEP). Icahn also meaningfully reduces his investment in Apple in 2016. Rigid drone legislation and the institution of an Internet commerce sales tax stall the share price advance at Amazon (AMZN). Instead, the stock falls by over 30%. Despite a weakening economy (and against conventional wisdom), the high-yield bond sector is among 2016's top-performing asset classes. The spread-widening we saw in 2015's second half ends in 2016's first six months, in part because a sharp oil-price spike results in a brilliant recovery by energy-related junk bonds. 2016's best market sectors: Defense, banks and fertilizers. Defense stocks -- i.e., Lockheed Martin (LMT), Boeing (BA) and Raytheon (RTN) -- soar as terrorism at home and abroad causes a broad response and military initiatives. Bank stocks benefit from a cessation of legal-and-compliance costs and an upward-sloping yield curve, but a second-half U.S. recession cuts into first-half gains. Fertilizer stocks rebound mightily after droughts hit around the world. 2016's worst market sectors: Media, transports (particularly airlines and autos), electrical utilities, pharma/biotech and REITs. Terrorism, an accelerated pace of "cord cutting" and lower U.S. economic activity are a toxic cocktail for Comcast (CMCSA), Delta Air Lines (DAL), Starbucks, Nike and Walt Disney Co. (DIS). (ESPN subs drop below 80 million by year's end.) Prices for theme parks, coffee and sneakers all fall as demand elasticity finally surfaces during the incipient recession that occurs in the year's second half. A rapid drop and improved solar technology pose a competitive threat to electric utilities, while the Clinton administration comes down hard on drug prices. Finally, on REITs -- see the next bullet point! Mall sales traffic collapses. Several mall-based REITs perform the way of master limited partnerships did in 2015. Dividends get slashed in the face of a slowing economy, rising oil prices and the continued Internet inroads that are rapidly changing consumer behavior. Sears (SHLD) finally succumbs to a weaker domestic economy and a deteriorating shopping experience at its stores and goes bankrupt. Icahn accumulates Sears bonds and takes control of the company out of bankruptcy. The aforementioned issues (the devastation of malls and a Sears bankruptcy) precipitate a U.S. non-residential real estate crisis. The South Beach Housing Bubble starts a collapse in high-end real estate prices that extends to New York City,  the Hamptons and Los Angeles -- which fall by 15% on average. Nationally, home prices drop by 5%. Water grows more scarce and a new, powerful "Silicon Valley Northwest" emerges. The Bill and Melinda Gates Foundation IPOs a home-grown company that develops a breakthrough technology that inexpensively turns wastewater and sewage into potable water. (Bill Gates contributes his entire stake in the company to charity.)  Later in the year, the Gates Foundation announces additional important innovations in health care, medicine and nutrition. Sovereign-wealth funds (which are currently about twice the size of the hedge-fund industry) exit the markets and redeem from hedge funds, exacerbating the market's slide. Hedge funds experience record redemptions and outflows as investors get impatient with high fees and poor investment performance. Several legendary hedge hoggers (each with funds holding assets under management over $5 billion) close shop. The pressure is particularly intense on activist investors who find themselves with large and concentrated holdings. As in Hotel California, "you can check out any time you like, but you can never leave" (without large losses). A few of these former Wall Street titans retire to a new high-end subdivision at Del Boca Vista in South Florida. There are big changes in the business media. CNBC's Joe Kernen joins Maria Bartiromo as an anchor at Fox Business Network. Andrew Ross Sorkin's Showtime series Billions captures seven Emmy nominations, so he departs both CNBC and The New York Times for MSNBC as host of the new Sorkin Report. Carl Quintanilla joins NBC's The Today Show. Seema Mody and David Faber (in a returning role!) replace Joe and Andrew on CNBC's Squawk Box. Kelly Evans leaves CNBC and joins Bloomberg in a dual role, with Tom Keene as a co-anchor of Market Surveillance and as anchor in a new 4 p.m. segment.
The statement may have been the most impressive in Fed history.

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