Deere & Co (DE): Today's Featured Industrial Winner
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 1.1%. By the end of trading, Deere rose $2.56 (3.1%) to $83.91 on heavy volume. Throughout the day, 5,967,757 shares of Deere exchanged hands as compared to its average daily volume of 3,114,100 shares. The stock ranged in a price between $81.41-$84.36 after having opened the day at $81.94 as compared to the previous trading day's close of $81.35. Other companies within the Industrial industry that increased today were:
China Recycling Energy Corporation
(
), up 16.2%,
(
), up 11.1%,
(
), up 9.6% and
(
), up 9.3%.
Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $31.6 billion and is part of the industrial goods sector. Shares are down 5.9% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Deere a buy, 2 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Deere
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Deere Ratings Report.
On the negative front,
(
), down 10.6%,
(
), down 9.7%,
(
), down 6.8% and
(
), down 4.3% , were all laggards within the industrial industry with
(
) being today's industrial industry laggard.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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