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Nov 15, 2021

Deere & Co. (DE, $358.56) & UAW third tentative contract awaits worker vote

Agricultural machinery maker Deere & Co.  and the United Auto Workers union have reached a third tentative contract agreement that could end a strike at the company that began Oct. 14.

The decision is subject to a vote from employees

The UAW said it will present Deere's best and final offer to employees for a ratification vote. The third tentative agreement includes modest modifications to its last  tentative agreement that employees rejected on Nov. 2, according to the union’s  statement.   Union workers on Nov. 2 rejected Deere's last offer with 55% voting no and 45% accepting the terms at 12 plant locations in Illinois, Iowa and Kansas.

Deere union employees will remain on strike until the result of the ratification vote. The strike affects around 10,000 employees.

Related Ticker: DE

DE sees MACD Histogram crosses below signal line

DE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 27, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DE as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

DE moved below its 50-day moving average on November 22, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where DE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DE advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DE's P/B Ratio (4.760) is slightly higher than the industry average of (1.875). P/E Ratio (10.395) is within average values for comparable stocks, (23.650). Projected Growth (PEG Ratio) (1.808) is also within normal values, averaging (1.799). Dividend Yield (0.014) settles around the average of (0.034) among similar stocks. P/S Ratio (1.754) is also within normal values, averaging (109.538).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Caterpillar (NASDAQ:CAT), Deere & Company (NASDAQ:DE).

Industry description

The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.

Market Cap

The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 9.65B. The market cap for tickers in the group ranges from 223.29K to 126B. CAT holds the highest valuation in this group at 126B. The lowest valued company is OSRS at 223.29K.

High and low price notable news

The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -5%. HYFM experienced the highest price growth at 17%, while PTRAQ experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 62%. For the same stocks of the Industry, the average monthly volume growth was 296% and the average quarterly volume growth was 246%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 64
Price Growth Rating: 51
SMR Rating: 59
Profit Risk Rating: 68
Seasonality Score: 26 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of agricultural, industrial, commercial and consumer equipment

Industry TrucksConstructionFarmMachinery

Profile
Fundamentals
Details
Industry
Trucks Or Construction Or Farm Machinery
Address
One John Deere Place
Phone
+1 309 765-8000
Employees
82200
Web
https://www.deere.com
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DE and

Correlation & Price change

A.I.dvisor indicates that over the last year, DE has been closely correlated with AGCO. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if DE jumps, then AGCO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DE
1D Price
Change %
DE100%
-1.18%
AGCO - DE
79%
Closely correlated
-0.81%
CNHI - DE
69%
Closely correlated
-0.36%
CAT - DE
69%
Closely correlated
+0.56%
PCAR - DE
63%
Loosely correlated
+0.87%
TEX - DE
61%
Loosely correlated
+0.41%
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