|Day Low/High||125.91 / 129.61|
|52 Wk Low/High||74.77 / 158.62|
This is a buy in the $44 to $42 area, risking a weekly close below $41.
The Georgia-based manufacturer may be outperforming Deere due to its focus on farming equipment and optimism on Argentina.
Shares of AGCO are up 6 percent this year despite a continued slump in commodity prices and increasingly pessimistic farmers.
All things considered, we would either be standing aside AGCO or short, looking to add to shorts below $44.
Deere & Co. (DE) was down more than 1% at last check, likely due to a 7% drop at irrigation company Lindsay Corp. (LNN) following that firm's downbeat earnings release and conference call. An excerpt from this morning's Lindsay call: "We are now in ...
AGCO has performed admirably in a bear market, but the bears may have a slight edge looking the longer-term view.
Looking ahead to tomorrow, there are two big companies to watch from an earnings perspective. The first is Deere & Co. (DE), especially after Caterpillar's (CAT) comments this morning, which I touched on here. While DE is in the construction equipme...
After yesterday's sharp rally, traders could wait and look to buy a pullback towards $46.
Here are four reasons Friday was down as much as it was.
TheStreet's Jim Cramer is keeping an eye on Deere & Co. (DE) as the farm machinery company gets set to report its latest quarterly results.
Jim Cramer answers viewers' Twitter (TWTR) questions from the floor of the New York Stock Exchange.
Some can harvest commodity price declines into margin expansion.
It's rare for all of these factors to come together in a single trade.
A sell-off on Wall Street Tuesday extended losses into a second straight session. All the major markets lost more than 1.5%.
We have seen a huge correction, and we now need to look for signs that it is ending.
Recent economic reports suggest some particular stock and option plays.