Deere Earnings Preview: Hovering At All-Time Highs Ahead Of Earnings Report
Ahead of the shortened holiday week, Deere & Co. reports fourth quarter fiscal 2017 earnings before the market opens on Wednesday, Nov. 22. Since its last report, shares have moved significantly higher and have been hovering around all-time highs heading into tomorrow’s (Wednesday’s) release.
For the fourth quarter, Deere is expected to report adjusted earnings per share (EPS) of $1.44, up from $0.90 in the prior-year quarter, on revenue of $6.91 billion, according to third-party consensus analyst estimates. That revenue estimate excludes revenue from the company’s financial services and other
Deere Stock Plows to New High Before Earnings
Deere & Company (DE) manufactures outdoor equipment for agriculture, construction and snow removal. The stock is up 32.9% year to date and is solidly in bull market territory at 54.5% above its post-election low of $88.61 set on Nov. 8, 2016. The stock set its all-time intraday high of $137.82 on Nov. 20, 2017.
The stock’s strength will be put to a test when the company reports earnings before the opening bell on Wednesday, Nov. 22. Analysts expect Deere to report earnings per share of $1.43 to $1.52 on strong year- over-year comparisons for both earnings and revenue growth. One segment to focus on is growth in South America.
Why Earnings Season Could Be Great for Deere & Company (DE)
Today's Trading Lesson
Money Loves Speed | Trader Thoughts
How many wasted hours do we spend trying to figure out why prices move? Great traders set up probabilities and manage risk.
We should work on the odds not the reasons. T Harv Eker says it best: “You can have results or you can have reasons but you can’t have both.” How obsessed are you with trading?
If you want to achieve massive success as a trader you need it to consume your every waking moment.
What if you work hard but don’t get results?
This means you aren’t paying attention. You must document your actions so you can make adjustments. Continuing to make the same mistakes and hoping something changes is a losers path.
I should know I did this early in my career. It took me longer to succeed than it should have because I wasn’t diligent in my assessments of my plans.
You can speed up the learning process by being brutally honest with your results. Lying about where you are is the single biggest reason for failure in trading.
Today's Trade of the Day | 11-22-17
MA-Mastercard breaks out with the market and has room to go. Game planning a $153 buy stop for a new swing trade long. Looking for a $160 profit target and setting a stop loss on a close below the breakout level of $150.
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Stock Market Sector Performance
Stocks to Trade |Wednesday Edition 11-22-17
Bullish Momentum: XNET, SQ, VIAB, MU, QCOM
Bearish Momentum: sig, nwl, aa, mnk, tal
Bullish Order Flow: XNET, SQ, DLTR, PYPL, AAPL, LRCX, FB, DE, BABA, CCI, HD, MAR, CRM, AMZN, ADBE, NVDA, MCD, COST, AVGO, QCOM, DG, SRPT, WB, LB, WMT, TSCO
Bearish Order Flow: mnk, eqt, agn, amgn, expe, cah, hca, pcg, twx, evhc
Double Normal Volume: XNET, QD, SQ, SIG, CBS, PCG, CRM, DLTR, ADI
Inside Days: m, nke, wba, fl, dis, apc, aig, cah, mnk, dks, ppl, kss, agn, ln, khc, jwn
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