Market Currents

• Monday, November 30, 2009

• 09:10 AM JPMorgan upgrades Deere (DE) to Neutral, saying its 2010 outlook "sets realistic expectations for investors, and as such we expect the stock to perform inline with the machinery space over the near-term." Shares +2.5% premarket. 1 Comment

• Wednesday, November 25, 2009

• 07:12 AM Deere (DE): FQ4 EPS of $0.23 beats by $0.20. Revenue of $4.73B (-29.8%) vs. $4.44B. Sees sales down 1% in F2010. (PR) 1 Comment
• 00:05 AM Notable premarket earnings: DE, TIF 1 Comment

• Thursday, September 3, 2009

• 09:21 AM JPMorgan drops Deere (DE -2% premarket) to Underweight, saying the livestock sector will likely remain under pressure, squeezing crop consumption and prices. Total cash receipts from crops seen off 10% this year, while cash receipts from corn could drop 20%, firm says. 4 Comments

• Wednesday, August 19, 2009

• 09:00 AM Premarket gainers: LZB +13%. PRX +4%.
  Losers: YGE -10%. RTK -6%. AXL -5%. YRCW -4%. FNM -4%. DE -5%. HL -4%. AA -4%. STP -4%. ABK -4%. LVS -4%. AIB -4%. SOLF -4%. Comment!
• 07:09 AM Deere & Co. (DE): FQ3 EPS of $0.99 beats by $0.42. Revenue of $5.3B (-25%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: BJ, DE, EV, YGE Comment!

• Tuesday, July 21, 2009

• 09:00 AM Premarket gainers: JDAS +25%. INCY +18%. AKRX +12%. CAT +12%. CIT +7%. SPPI -7%. IP +7%. UAUA +6%. HEB +6%. CTIC +5%. JOYG +5%. YGE +5%. LVS +5%. JASO +5%. MGM +5%. AIB +5%. SOL +4%. WYNN +4%. DE +4%. MRK +4%. TSTR +4%. MON +4%. DOW +4%.
  Losers: RF -11%. LXK -11%. ZION -7%. AKS -5%. STT -4%. SAY -4%. Comment!

• Monday, June 1, 2009

• 12:50 PM Deere (DE) names President and COO Samuel Allen to replace Robert Lane as CEO in August. Michael Mack leaves the CFO post to head Deere's construction and forestry business. James Field, head of the firm's commercial and consumer business, will take over as CFO. Shares +8.0%. Comment!

• Wednesday, May 20, 2009

• 07:23 AM Deere (DE): FQ2 EPS of $1.11 beats by $0.04. Revenue of $6.19B (-17.2%) vs. $6.6B. Sees full-year equipment sales down 19%. "The outlook for market conditions over the remainder of the year remains highly uncertain and the impact on the company's sales and earnings is difficult to assess." Shares -3% premarket. (PR) 3 Comments
• 00:05 AM Notable earnings before Wendesday's open: ANN, BJ, CTR, DE, EV, MPEL, TGT, TWB Comment!

• Wednesday, February 18, 2009

• 09:01 AM Premarket losers: ING -8%. GT -8%. PUK -5%. ACGY -5%. DE -4%. Comment!
• 07:15 AM Deere (DE): FQ1 EPS of $0.48 misses by $0.15. Revenue of $5.15B (-1.1%) vs. $4.6B. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: CEG, CMCSA, DE, GT, HST, INCY, OMX, STP, XEC Comment!

• Tuesday, February 17, 2009

• 09:24 AM Goldman cuts Deere (DE) to Sell, lowering price target to $32 from $39. As the headwinds facing the farm sector intensify, analysts say this deer may be headed for a hard landing. Shares -6.5% to $33.77 premarket. Comment!
• 09:00 AM Premarket losers: lyg -21%. MTG -17%. AEE -16%. AEG -15%. MTL -13%. DB -13%. ING -13%. MT -11%. FAS -11%. BHP -10%. IBN -10%. BAC -9%. RBS -9%. MGM -8%. DAI -8%. AAUK -8%. PHG -8%. CS -8%. CRXL -8%. WFC -8%. LVS -7%. UBS -7%. HBC -7%. WFT -7%. GM -7%. AMAG -7%. ABB -7%. STI -7%. DE -7%. Comment!