|Bid||59.75 x 100|
|Ask||77.63 x 100|
|Day's Range||62.33 - 63.13|
|52 Week Range||52.93 - 65.86|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.53%|
Deere (DE) is expected to report revenues of $6.4 billion in fiscal 1Q18 from its equipment operations. In 1Q17, DE reported revenue of $4.7 billion from equipment operations. The projected growth in DE’s revenue for 1Q18 will mainly come from the acquisition of Wirtgen Group.
As the commodities space rebounds on a strengthening global economy, investors may look at exchange traded funds that track industries capitalizing on the the increased demand in raw resources. For example, ...
The Fertilizer Affordability Index shows the current fertilizer affordability of three key NPK (nitrogen, phosphorous, and potassium) fertilizers to key fertilizer consuming crops like corn, wheat, and soybean. Earlier, we saw that the fertilizer prices for potash and phosphate have strengthened across the board year-over-year, while urea prices were slightly lower, which indicates how it may have impacted the fertilizer affordability. The Fertilizer Affordability Index last week fell slightly to 0.71x from 0.72x a week ago.
In the previous part of this series, we saw that the alcohol industry could expect marijuana legalization for recreational purposes as an extension to their growth strategy. With too much confusion surrounding the legalities of the marijuana industry, some seasoned players appear highly optimistic about the future of recreational marijuana. Late last year, Constellation Brands (STZ) agreed to acquire a 9.9% stake in the Canada-based Canopy Growth for about $191.3 million.
It’s fascinating to see how the marijuana landscape around the world has evolved in the last three years. According to Canopy Growth (WEED.TO), Canada, Israel, the Czech Republic, Uruguay, and the Netherlands “established federally legal cannabis access regimes” in 2014. Globally, the acceptance of marijuana evolved further in 2017 with more countries either legalizing cannabis access at a federal level or exploring the possibility of legalizing cannabis.
Should You Jump on the Marijuana Bandwagon? Investors interested in accessing the marijuana industry have several options. In the US, Scotts Miracle-Gro (SMG) has invested in companies that are positioned to serve the cannabis market.
Scotts Miracle-Gro (SMG) delivered a 13% return in 2017. Nine Wall Street analysts are covering Scotts Miracle-Gro, They have a consensus mean rating of 2.3 on the stock with an overall “buy” recommendation as of January 10, 2018. Of the nine analysts, two have a “strong buy” recommendation for the company for the next 12-month period, and two analysts have a “buy” recommendation for the stock.
At the end of 2017, after receiving final regulatory approval for the merger, PotashCorp and Agrium combined into a new company called Nutrien (NTR). It began trading under a new ticker, NTR, on January 2, 2018, on the NYSE (New York Stock Exchange) and the TSX (Toronto Stock Exchange). Ten Wall Street analysts are covering Nutrien.
Recently, the Fertilizer Affordability Index has seen an upward trend. The Mosaic Company (MOS) publishes this index, and it shows the current fertilizer affordability of three key NPK (nitrogen, phosphorous, and potassium) fertilizers to key fertilizer consuming crops such as corn, wheat, and soybean. Last week, the Fertilizer Affordability Index moved sideways to 0.72 from our last update two weeks ago for the week ending December 15.
Natural gas is one of the key input components for gas-based nitrogen fertilizer producers (MOO)(MXI) such as CF Industries (CF), Terra Nitrogen (TNH), CVR Partners (UAN), and Nutrien (NTR).
Earlier, we discussed major agribusiness companies’ earnings, which have mostly fallen over the years. In 2018, their earnings are expected to rise. As shown in the above chart, agribusiness companies’…...
Jan.17 -- The ETF industry has something for everyone -- including the first ETF to track global agriculture companies. For years, VanEck Vectors Agribusiness ETF (MOO) lived and died with the performance of grain prices. But over the last 2 years, it's seen a breakout. Bloomberg's Scarlet Fu explains.