Earnings preview: Is Deere still running?

Gary Sattler — Tue, 13 May 2008 14:59:00 EST

Filed under: Earnings Reports, Deere and Co (DE), Commodities, Agriculture

Analysts believe that Deere & Co. (NYSE: DE) has kept its hand on the plow. The general analyst consensus indicates solid expectations that the company will continue to perform at or above expectations. According to AOL Money and Finance, analysts are giving indications that Deere is a buy. In defiance of today's market pull back, Deere & Co. shares have gained one half percent as of this writing.

Media sources are openly optimistic about Deere & Co., though actual commentary is sorely lacking. Barron"s did go far enough to cite that some strategic execution failures of Deere competitors have played nicely for the company. With the weakened dollar giving solid momentum to Deere's international growth focus, and Deere equipment systems showing robust independent sales, for the time being the company appears to be a relatively safe harbor for longer term investment dollars.

Year to date return on Deere is just above a negative 3%, but the 5 year return on this company is over 300%. The best earnings estimates that I can lay a hand on hover around $1.75 per share.

Gary Sattler is a freelance blogger. He does not knowingly hold investment positions in the companies mentioned in this blog post.

Earnings preview: Is Deere still running? originally appeared on BloggingStocks on Tue, 13 May 2008 14:59:00 EST. Please see our terms for use of feeds.

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Breakout bet on Deere (DE)

Steven Halpern — Wed, 30 Apr 2008 11:42:00 EST

Filed under: Newsletters, Deere and Co (DE), Commodities, Agriculture, Stocks to Buy

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.

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