DE – Earnings Expectations

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With Deere & Company (DE) as part of my retirement portfolio, the notification from Seeking Alpha below was interesting to me.  On Monday (5/11) of this week I made the decision to sell off my shares of DE to capitalize on an increase in share value.  My fill was $90.85/share and a pruchase price of $82.41/share.  DE has been in a price range from somewhere between the low 80’s to low 90’s for the past 2.5 years.  Further, earnings is coming up on May 22, 2015.  Typically earnings do well, but the companies leadership will give a negative outlook for the future and the stock will fall in value.  After my sale the stock rose.  However, the news below was a welcomed support of my predictions.  As of this writing DE is down -2.66% to 89.76.


Deere down 1.6% after downgrade

May 15 2015, 08:28 ET | About: Deere & Company (DE) | By: Stephen Alpher, SA News Editor
  • “We believe it was clear from what we heard that the industry is currently in dire straits with the potential for a liquidity crunch for farmers into 2016,” says Morgan Stanley’s Ann Dunigan after spending time agriculture dealers, farmers, and industry experts in the Midwest.
  • Even dealers, she says, acknowledge there are far too many used high horsepower Deere (NYSE:DE) tractors in inventory – likely to weigh on new tractor sales for the foreseeable future.
  • She downgrades to Underweight and cuts the price target to $84.
  • Shares are lower by 1.6% premarket.

 

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