BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Time to go Deere hunting?]]>http://www.bloggingstocks.com/2009/01/22/time-to-go-deere-hunting/http://www.bloggingstocks.com/2009/01/22/time-to-go-deere-hunting/http://www.bloggingstocks.com/2009/01/22/time-to-go-deere-hunting/#commentsFiled under: , , , , , , , ,

Shares of farm equipment maker Deere & Company (NYSE: DE) received a kick in the teeth last week when JPMorgan Chase & Compnay (NYSE: JPM) reduced its rating on the company to neutral from overweight. JPMorgan was, in part, reacting to a U.S. Department of Agriculture forecast that corn inventories will increase even as demand falls off substantially.

Morgan thus predicted that corn prices are poised to fall, which will in turn threaten farmers' purchasing power. Farm equipment sales appear to have already peaked, the financial firm said.

The shares didn't exactly crash the day of the downgrade, but have steadily slipped and given up the rather impressive gains made during the first full week of trading this year.

Continue reading Time to go Deere hunting?

Time to go Deere hunting? originally appeared on BloggingStocks on Thu, 22 Jan 2009 16:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dlugoschfarm equipmentfarm equipment stocksFarmEquipmentFarmEquipmentStocksjohn deereJohnDeereThu, 22 Jan 2009 16:45:00 EST<![CDATA[Breakout bet on Deere (DE)]]>http://www.bloggingstocks.com/2008/04/30/breakout-bet-on-deere-de/http://www.bloggingstocks.com/2008/04/30/breakout-bet-on-deere-de/http://www.bloggingstocks.com/2008/04/30/breakout-bet-on-deere-de/#commentsFiled under: , , , ,

Leo Fasciocco is a technical expert who focuses exclusively on finding breakout candidates. In his Ticker Tape Digest, he looks to agriculture equipment manufacturer Deere & Co. (NYSE: DE).

"Deere, with annual revenues of $24.8 billion, makes agricultural, industrial, forestry, and lawn-care equipment. DE is benefiting from the strong demand for its products in the farm sector. The company is also expanding aggressively in Russia.

"DE has broken out from a 13-week flat base. Its long-term chart shows DE soaring from 20 in 2003 - the start of the prior bull market - to 92. It has been a big winner in the big cap sector. The stock has gained 65% in the past 12 months versus a 5% drop in the S&P 500 index.

"The stock is in a base bracketed between roughly 78 on the downside and 91 on the upside. The breakpoint was set at the key upside resistance of the base. Deere has plowed through that resistance on increasing volume.

Continue reading Breakout bet on Deere (DE)

Breakout bet on Deere (DE) originally appeared on BloggingStocks on Wed, 30 Apr 2008 11:42:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>agriculture stockscommodity stocksCommodityStocksdedeere co.DeereCo.farm equipment stocksFarmEquipmentStocksfarming stocksleo fascioccosteven halpernthestockadvisors.comticker tape digestTickerTapeDigestWed, 30 Apr 2008 11:42:00 EST