TheStreet.com's Jim Cramer says when the dust settles, we'll notice the reduced equity here, and stocks will rise to reflect it.
Do corporate balance sheets matter? One of the things that you will see in the next few weeks is everyday industrial companies brimming with cash. Y...
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday June 20. <!---->
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Bullish calls:
John Deere (DE):“I have to tell you, I think DE down 18 straight points is a buy, not a sell.” Williams (WMB): “I like WMB... I'll give you a two-fer... I like Willbros Group…it ain't ending with this natural gas situation.” Willbros Group (WG) Frontline (FRO): “I have been recommending and recommending and recommending it, and what happened today? 52-week high. What's the yield?... 15%.” Wal-Mart (WMT): “WMT is a buy, buy, buy. A house of pleasure, and I lov
Recap of CNBC's Fast Money, Friday March 7. Click on a stock ticker for more analysis.
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Fed Protection
The dollar reached a 3 month high as oil pulled back and investors seemed cautious about the Fed Chairman Ben Bernanke’s remarks that he will fight inflation. Many believe this may spell rate hikes. Jeff Macke commented the Fed may raise rates even if it affects sgrowth, and thinks Friday’s consumer price index number will be very telling. Guy Adami reiterated his prediction that the dollar will continue to rise in the second half of the year.
Is there a way to cash in on the commodities bubble without actually playing the commodities market? (Which, Andrew Tobias handily dismissed in The Only Investment Guide You'll Ever Need: "It is a fact that 90% or more of the people who play the commodities game get burned. I submit that you have now read all you need ever read about commodities.")
Deere & Company (DE) just reported a decent quarter (see conference call transcript) and is now a buy on
any dips simply due to its positioning in one of the hottest
secular growth stories I've ever seen: agriculture.
Recap of CNBC's Fast Money, Wednesday May 14.
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Yahoo (YHOO), Microsoft (MSFT), Google (GOOG)
On Icahn’s decision to pursue Yahoo, Karen Finerman doesn’t think the risk/reward is worth it and believes a lot of the Icahn factor is already priced in. She is uncertain whether MSFT is still interested in the deal. She thinks Icahn’s radical proposals to reform Yahoo’s board might interfere with rather than facilitate a deal. Macke thinks Icahn will succeed and MSFT will return to the table. While Najarian agrees MSFT may still pursue Yahoo, he sold half of his Yahoo position. Adami woul
5/15 - "Wednesday’s sell-off post the stock’s run up into the quarter may seem tempting as an opportunity add to positions but we’d advise time sensitive investors to be patient as DE stk likely stalls near-term through the July Machinery earnings season as angst increases across the group that rising material costs, a strengthening US dollar and a potentially flattening yield curve are signals to take some profits after the group’s outperformance year to date. DE also erred, in our view, by not providing more disclosure on how it gets to its increased y-o-y material & freight cost increase...
5/15 - "Although DE’s unchanged 2008 net income outlook
(higher Ag revenue offset by cost/margin headwinds) takes some near-term momentum from the story, we continue to view the company as the best way to participate in an Ag cycle that we expect to remain strong, supported by rising farm income, elevated crop prices, and low crop inventories. We maintain our Buy rating and $94 target price."
"2Q08 EPS of $1.74 beat our $1.72 but trailed cons of $1.75, as better than expected Ag and C&CE margins (Ag incremental of 24.5% beat our 23.7%) offset equipment revenue of $7.47b that trailed our es...
5/15 - "The world’s largest farm equipment maker benefited from a boom in the price of agricultural commodities such as wheat, corn, and rice all of which are trading near their all time highs...but Deere did not meet analysts’ expectations for net income and earnings. Analysts had estimated that the growth in farm equipment sales would have more of an impact on the bottom line. Also, Deere maintained guidance for the year ahead, which was a disappointment."
"...earnings in the construction division were down 14%. Deere’s management expects that the weakness in housing will continue to pla...
Farmers are the one consumer I feel confident that I know how they spend their money. With grain prices steadily rising higher and higher, farmers are making a lot of money right now. Farmer's always seem to buy a new truck and new tractor or 2 when things are good, and I expect this to contribute to a strong year for DE. Add to this intl' exposure, which allows Deere to benefit from stronger foreign economies as well as profit from currency exchange. I'd wait and buy at around $84.40, anything below that I would consider short selling. Those of you holding this stock consider selling/short...
There is a growing need for food worldwide...n.korea is starving ...africa is too...Survival requires food and water........DEERE provides machinery and equipment.
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 soari
TheStreet.com's Jim Cramer says the bull story here has more causes than just a weak greenback.
Better seeds and more fertilizer. That's it. Those are the technology weapons in the war against food shortages caused in the short term by a worldwide obsession with biofuels (we are the worst offender, of course) and in the long term by the increased affluence in China and India, which leads to more nutritious, protein-filled diets.
TheStreet.com's Jim Cramer says that until we have some clarity on the way out, we'll have a tough road ahead.
This is a confusing moment, for the same reason as always -- the darned mortgage market. Dueling plans seem destined to go nowhere while defaults continue to go up. We need something to stabilize the house price...
DE may take a shot at $80s short term
- DE looks to me like its basing and may take a shot at $80s short term. MON will dictate part of that, so keep an eye on it, but if the AGs continue hig...
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About Deere & Company
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