Diamonds and Dogs
John Deere (DE) flying high. The green machine industrial giant is up 3% to new highs thanks to better than expected earnings. The company easily beat estimates as revenues rose 25.6% year over year to $7.09 billion. Agriculture and turf sales increased 22% to $5.44 billion, beating estimates. Construction and forestry division saw sales grow 37% to $1.66 billion topped expectations of $1.58 billion. The company expects first-quarter equipment sales to grow 38% from a year ago and for 2018 to increased 22%. The company is seeing strong demand for farm machinery sales in South America.
See ya Meg Whitman. HP Inc. (HPQ) is down 6% following better than earnings as their CEO, Meg Whitman will step down. The PC and printer maker reported earnings of 44 cents a share as revenue, rose 11% annually to $13.9 billion. Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.