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☆ Trump threatens '200% tariff' if John Deere moves production to Mexico
▼ + stars: | 2024-09-23 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

Former President Donald Trump on Monday threatened John Deere with a 200% tariff if the agricultural manufacturer moves production to factories in Mexico. John Deere has announced that it plans to shift production of some of its models to Mexico, a move that has resulted in layoffs at facilities in Iowa. It's hurting our manufacturing," Trump said Monday. Monday appeared to be the first time Trump had singled out John Deere. The former president's comments appeared to be off the cuff, prompted only by the John Deere tractors that were set up as the backdrop of the event.

Persons: Donald Trump, John Deere, They've, Trump, John Deere's Organizations: Republican, Protecting America Initiative, CNBC, . Manufacturing, Deere Locations: Smithton , Pennsylvania, Mexico, United States, Iowa, Michigan

☆ Traders are betting on an outsized move in Deere on earnings this week — how to play it
▼ + stars: | 2024-08-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Deere (DE) , headquartered in Moline, Illinois, manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, and related components. One of the oldest companies in the United States, Deere traces its history back to John Deere's "self-scouring plow" in 1837. However, even assuming 50 bushels per acre and a $5/bushel average price increase, the revenue per acre would have risen by ~$250/acre. However, while Deere & Company stock has underperformed the S & P this year, its enterprise value is nearly $100 Billion, almost double the company's valuation in January 2020, just before the pandemic. Unsurprisingly, DE options are pricing in a larger-than-average 6% move when the company reports earnings on Thursday.

Persons: John Deere's, John Deere, outperforming, Massey Ferguson Organizations: Deere, Caterpillar, Deere & Company, Nasdaq, Farmers, CNH Industry, CNBC, NBC UNIVERSAL, ~$, ~ $ $ Locations: Moline , Illinois, United States, Mexico, Holland

☆ Buy and hold these 5 attractively valued growth stocks for the next decade, the pros say
▼ + stars: | 2024-07-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Growth stocks have been rallying for most of this year, though they've been volatile recently. Investors rotated out of mega-cap tech stocks for smaller names last week, as expectations of rate cuts in September grow. But overall, growth stocks have still gained this year, with the large-cap Vanguard Russell 1000 Growth ETF still up nearly 20% this year. What are some of such stocks that are still attractively valued that investors can buy and hold for the next 10 years? CNBC Pro asked fund managers and other investors who focus on growth stocks for some ideas.

Persons: Russell, Deere, Big Tech Nick Griffin, it's Organizations: CNBC Pro, Carnegie Investment, Deere, Mastercard, Visa, Big Tech, Munro Partners, Microsoft

☆ Cramer's Lightning Round: Arista Networks is a 'fantastic stock'
▼ + stars: | 2024-07-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Arista Networks' year-to-date stock performance. Jayshree Ullal is an amazing businessperson, and I think it's a fantastic stock." Stock Chart Icon Stock chart icon Starwood Property Trust's year-to-date stock performance. Stock Chart Icon Stock chart icon John Deere's year-to-date stock performance. Stock Chart Icon Stock chart icon NIO's year-to-date stock performance.

Persons: John Deere's, John Deere Organizations: Arista Networks, Starwood, Starwood Property

☆ Four under-the-radar stocks to buy and hold for the second half: Portfolio manager
▼ + stars: | 2024-07-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

"The goal is to be able to hold these stocks for a while to benefit from the magic of compounding, which can take a long time." Calling it a "great company," the portfolio manager likes the size and scale of its operations and focus on acquisitions. Deere & Company Another company that Carey likes is Deere & Company , or John Deere. Stryker Another stock Carey is watching is medical technology player Stryker . "Stryker is a company that should capitalize on multi-decade trends, and that's where we want to be positioned," Carey added.

Persons: Christopher Carey, Carey, John Deere, Charles Schwab, Schwab, TD, Stryker Organizations: Nasdaq, Carnegie Investment, CNBC, Cintas, Deere, Company, Deere & Company, Charles, Charles Schwab Financial, Stryker Locations: U.S

☆ Larry Ellison and Elon Musk teaming up to bring AI to farming
▼ + stars: | 2024-03-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Larry Ellison announced the venture with Elon Musk on Oracle's earnings call on Monday. The tool will help farms plan, predict, and increase their agricultural output, Ellison said. AdvertisementElon Musk's SpaceX is teaming up with Larry Ellison's Oracle to help farms plan and predict their agricultural output using an AI tool. Larry Ellison said on Oracle's earnings call on Monday that it's collaborating with Musk and SpaceX to create the AI-powered mapping application for governments. "We're doing that again in concert with Elon Musk and SpaceX to do this kind of mapping," Ellison said, according to a transcript provided by Seeking Alpha.

Persons: Larry Ellison, Elon Musk, Ellison, —, Elon, Larry Ellison's Oracle, Musk, Tesla, SpaceX, John Deere, John Deere's, Jahmy Hindman, Oracle didn't Organizations: SpaceX, Oracle, Elon, Service, Alpha, Tesla, Business

☆ How Deere is preparing for a fully autonomous farm by 2030
▼ + stars: | 2023-12-01 | by ( Kiley Lambert | ) www.cnbc.com time to read: +6 min

Jahmy Hindman is senior vice president & chief technology officer of Deere & Company , a position he has held since July 2020. The best example of this is our See & Spray technology. Before AI, farmers had to spray the entire field to get rid of the weeds. AI will also help us reach our goal of creating a fully autonomous production cycle for corn and soybean farmers by 2030. An example of this is the ability to retrofit See & Spray technology onto a sprayer built in 2018.

Persons: Jahmy Hindman, Hindman, John Deere, we've, we'll, we're, It's, it's Organizations: Deere & Company, Solutions, CNBC, Summit, Technology, Big Tech, Hindman : Technology, Deere Locations: Hindman

☆ Stocks making the biggest moves midday: Instacart, Disney, Planet Fitness, Rackspace and more
▼ + stars: | 2023-09-19 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. Planet Fitness — Shares of the gym franchise slid 4.2% after JPMorgan downgraded the stock to a neutral rating from overweight. The Wall Street firm also upgraded Carnival to hold from sell, sending shares nearly 0.5% higher. Raymond James earlier upgraded Rackspace to outperform from market perform and said it likes the company management's execution.

Persons: TD Cowen, Andrew Charles, George Wang, Evercore, Chris Rondeau, Lab's, Lazard, Goldman Sachs, Raymond James, — CNBC's Brian Evans, Jesse Pound, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Starbucks, Disney, Barclays, Deere, JPMorgan, Bank of America, Truist, Technology Locations: Alhambra , California, Los Angeles, China, New Zealand

The Moline, Illinois-based company posted a 60% rise in quarterly profit, yet investors were seemingly unimpressed as shares slumped for the world's largest farm equipment maker. While it easily beat profit expectations, Deere's stock slump is consistent with other cyclical companies that have outperformed estimates. Deere expects 2023 net income between $9.75 billion and $10.00 billion, up from its previous outlook of $9.25 billion to $9.50 billion. Construction and forestry equipment sales increased 14% on solid demand backdrop fueled by U.S. President Joe Biden administration's $1 trillion infrastructure deal. Sales from equipment operations rose about to $14.28 billion compared to $13 billion a year ago.

Persons: Bianca Flowers, Deere, Kristen Owen, Owen, Jerry Revich, Goldman Sachs, Joshua Jepsen, Joe Biden administration's, Vinay Dwivedi, Elaine Hardcastle, Marguerita Choy Organizations: Deere, Co, REUTERS, Oppenheimer, Co Inc, Goldman, Deere's, U.S, Thomson Locations: Bondurant , Iowa, U.S, Moline , Illinois, Chicago, Bengaluru

☆ Industrial earnings rise 14% versus the same quarter a year ago
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndustrial earnings rise 14% versus the same quarter a year agoCNBC's Dominic Chu reports on the industrial sector ahead of Deere's earnings results.

Persons: CNBC's Dominic Chu

☆ Three industries ripe for automation, according to a robotics guru
▼ + stars: | 2023-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. But other industries where robotics haven't yet taken hold may be potential investment opportunities and expansion areas for automation companies in the coming years. Those emerging areas intrigue Jeff Burnstein, an automation-industry guru and president of the Association for Advancing Automation. His trade group represents more than 1,000 global companies involved in robotics, machine vision, motion control, and motors and related technologies. Jeff Burnstein (right center), president of the Association for Advancing Automation, after receiving a Joseph F. Engelberger Robotics Award for his more than 40-year career in the industry.

Persons: Michael Wayland, Jeff Burnstein, Joseph, Burnstein, Anthony Romeo, Tyson Foods Greg Smith, Corbis SABA, Tyson Foods, Tyson, Donnie King Organizations: Robotics, Association for, Automation, CNBC DETROIT, Association for Advancing, Engelberger, Labor, Deere, Co, Cognex Corp, Tyson Foods Locations: Massachusetts, Detroit, U.S

May 19 (Reuters) - Deere & Co (DE.N) on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust. Shares in the world's largest farm equipment maker were up 3.6% in premarket trading after the company reported a 36% rise in second-quarter profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.

Shares in the world's largest farm equipment maker were up 4% in premarket trading after the company reported a 36% rise in quarterly profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Deere expects 2023 net income in the range of $9.25 billion to $9.50 billion, higher than the $8.75 billion to $9.25 billion forecast earlier. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.

☆ Stock Market Today: Dow Futures Edge Up With Debt Ceiling Eyed
▼ + stars: | 2023-05-19 | by ( ) www.wsj.com time to read: +1 min

Stock future are hovering, with debt-ceiling negotiations still in focus. Futures for the S&P 500 and tech-heavy Nasdaq-100 were up around 0.1%, while Dow futures were flat. Commodity prices gained. Wholesale gas prices in northwest Europe rose 1.1% to 30.56 euros a megawatt-hour, but remained near two-year lows. The pan-continental Stoxx Europe 600 gained 0.7%, while Germany’s DAX index was within striking distance of a new record closing high.

☆ Deere fundamentals remain extraordinarily intact despite YTD drop, says Cerity's Jim Lebenthal
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeere fundamentals remain extraordinarily intact despite YTD drop, says Cerity's Jim LebenthalCNBC's Seema Mody and Cerity Partner' Jim Lebenthal join 'Halftime Report' to discuss Deere's Q2 earnings beat, Deere's long term margins expectations, and why Deere is trending downwards despite a positive Q2 call.

☆ Tractor maker Deere's future in precision agriculture hinges on space-based connectivity
▼ + stars: | 2023-05-18 | by ( Morgan Brennan | ) www.cnbc.com time to read: +5 min

But the farm equipment maker has been planting the seeds for an increasingly high-tech and autonomous future – one that critically hinges on space. But connectivity is the linchpin of this vision, and space fills a void left by fiber and traditional cellular signals. "We think satellite communications is a really intriguing, interesting technology to pursue to sort of solve that communications gap." Last fall the company put out a request for proposal to the satellite communications industry to partner on space-based connectivity services. "We had this opportunity to bring two industries together — satellite space communications and agriculture — and say, 'What kind of value could we create?'"

☆ Options Action: Deere outperformed most Big Tech names since bouncing off COVID low, says Mike Khouw
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Deere outperformed most Big Tech names since bouncing off COVID low, says Mike KhouwMike Khouw, Optimize Advisors president, joins the Options Action traders to discuss Deere's recent performance compared to the broader market.

☆ 49. Monarch Tractor
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

That's why Monarch believes its zero-emission MK-V tractor, which came off production lines this past December, can make a difference in climate change. As the producer of the world's first-ever fully electric, driver-optional smart tractor, Monarch Tractor's goal is to bring sustainability to farming's workhorse. In April, Chinese contract manufacturing giant Foxconn began MK-V tractor production at its Lordstown, Ohio, plant, which Foxconn bought from troubled EV maker Lordstown Motors last year. With growing government and societal incentives to make the shift toward greener farming, Monarch Tractor is confident in its abilities to transform the agriculture industry as we know it. Farm machinery giant Deere , which has a 60% market share in the U.S., has made several acquisitions in the autonomous tractor and machine learning space.

☆ John Deere CTO: Concerns of a recession not stopping the company from spending more on technology
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohn Deere CTO: Concerns of a recession not stopping the company from spending more on technologyCNBC's Seema Mody joins 'The Exchange' to discuss Deere's growing investment in autonomous vehicles and more.

☆ Here are Wednesday's biggest analyst calls: Micron, Meta, McDonald's, Tesla, Apple, Amazon & more
▼ + stars: | 2023-03-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs upgrades Hartford to buy from neutral Goldman the insurance company could "surprise to the upside." Goldman Sachs upgrades Marathon Petroleum to buy from neutral Goldman said the petroleum company has a "best-in-class capital returns story." Bernstein reiterates Apple as market perform Bernstein said it's standing by its market perform rating after Apple debuted Apple Pay Later on Tuesday. Guggenheim reiterates McDonald's as buy Guggenheim says it sees "substantial" near-term and long-term upside for McDonald's. Goldman Sachs reiterates Regions Financial and Fifth Third as buy Goldman said in a note Wednesday that several regional banks are key beneficiaries of the larger bank fallout.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Bond yields up so stocks drop to start week
▼ + stars: | 2023-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Club earnings this week include Palo Alto Networks (PANW), TJX Companies (TJX), Nvidia (NVDA), Pioneer Natural Resources (PXD) and Coterra Energy (CTRA) as well as Bausch Health (BHC). Deere (DE) price target raised to $398 per share from $364 at Bernstein, which keeps market perform (hold) rating. Mizuho likes the Twilio (TWLO) pivot and takes price target up to $90 per share from $75. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Deere has long growth ahead of it, says Bartlett Wealth Management's Craig Sarembock
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeere has long growth ahead of it, says Bartlett Wealth Management's Craig SarembockCraig Sarembock, Bartlett Wealth Management, joins the 'Halftime Report' to discuss Deere's earnings beat and raised guidance with the investment committee.

☆ Silicon Valley layoffs are a boon for tech-hungry farm equipment makers
▼ + stars: | 2023-02-13 | by ( Bianca Flowers | ) www.reuters.com time to read: +7 min

The executives said the newly available tech talent could inject much-needed expertise into farm equipment manufacturing, helping to transform the industry through the use of more artificial intelligence and automation. Detroit automakers are also hiring tech workers to meet the growing software needs of vehicles, auto executives have said. REMOTE-CONTROLLEDDeere's main rival, Irving, Texas-based Caterpillar Inc. (CAT.N), is also making a big push to recruit tech talent. "Companies really need to jump into action," said Michael Solomon, co-founder at 10x Management, a compensation negotiation agency for senior tech talent. The amenities aim to attract tech workers.

☆ Deere & Co. will allow farmers to repair their own equipment
▼ + stars: | 2023-01-08 | by ( P.J. Huffstutter | ) www.reuters.com time to read: +3 min

CHICAGO, Jan 8 (Reuters) - The American Farm Bureau Federation and machinery manufacturer Deere & Co (DE.N) signed a memorandum of understanding on Sunday that ensures farmers have the right to repair their own farm equipment or go to an independent technician. The Farm Bureau's memorandum of understanding with Deere "will ensure farmers everywhere are able to repair our own equipment," Farm Bureau president Zippy Duvall said, speaking at the federation's convention in Puerto Rico. It benefits farmers and independent repair facilities in the United States and Puerto Rico, for the "lawful operation and upkeep of Agricultural Equipment," the MOU states. For Deere and rival equipment manufacturers such as CNH Industrial and AGCO Corp, repairing machinery has given them a solid boost for their parts and services business. Duvall said Farm Bureau officials will meet regularly with Deere to discuss "solutions to the challenges farmers are facing in repairing their equipment", and said he hoped other farm equipment makers would take similar steps.

☆ Why Deere thinks satellites are the next big technology to invest in
▼ + stars: | 2023-01-03 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

John Deere's Chief Technology Officer Jahmy Hindman told CNBC the world's largest agriculture equipment player is in the process of finalizing a satellite partner. As to when satellites will become in use, Hindman said Deere is "right at the cusp" of solving the connectivity problem for farmers. With more money in the bank, farmers are expected to continue spending on agriculture equipment, where John Deere remains a leader. Gabelli Funds has been a longtime investor in the agriculture equipment maker and remains bullish. The big wild card: the ongoing war in Ukraine which has sent agriculture prices skyrocketing.

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