NYSE:DE - New York Stock Exchange, Inc. - US2441991054 - Common Stock - Currency: USD
Discover the top S&P500 movers in Thursday's after-hours session and stay informed about the post-market dynamics.
Get insights into the S&P500 index performance on Wednesday. Explore the top gainers and losers within the S&P500 index in today's session.
Mentions: MT
Deere (DE) closed at $452.28 in the latest trading session, marking a -1.95% move from the prior day.
Deere currently trades at $461.71 and has been a dream stock for shareholders. It’s returned 255% since April 2020, nearly tripling the S&P 500’s 91.4% gain. The company has also beaten the index over the past six months as its stock price is up 12.8%.
Mentions: MELI
Even amid stock market turmoil, valuations still matter.
Suppose you want an early read on trading conditions at turf and landscape equipment company Toro (NASDAQ: TORO). Major competitors of Toro include Stanley Black & Decker (MTD Products) in residential lawn care, John Deere in golf/turf maintenance, and Deere in utility equipment. Meanwhile, Home Depot and Lowe's Companies are major lawn care equipment retailers.
European imports remain stopped as of Wednesday, as tariff uncertainty continues.
Mentions: CNH
Wall Street is running the numbers on the tariffs, and the impact is not good for heavy equipment manufacturers. Shares of Caterpillar (NYSE: CAT) fell by as much as 7% and Deere (NYSE: DE) by 4% after both companies were hit by downgrades, and Toro (NYSE: TTC) fell as much as 5% in sympathy. The massive tractors, construction, and agricultural equipment they make requires a lot of steel and other raw materials that are subject to tariffs, and their high-priced finished goods sell best when customers are flush with cash.
Mentions: MT
Canada was spared the Trump administration's broad global tariffs on April 2 but faces tariffs on steel and aluminum exports to the U.S. as well as on autos not compliant with the United States-Mexico-Canada Agreement on trade. As of Friday, Canadian farmers said they were unclear whether agricultural equipment is subject to the duties or to Canada's retaliatory tariffs. Meanwhile, farmers' appetite for new combines, tractors and other farm equipment has slumped, and manufacturers are pulling back.
These are the stocks posting the largest moves in midday trading.
Mentions: MT
These are the stocks posting the largest moves in premarket trading.
Mentions: MT
Wall Street's initial reaction to the new tariff policies announced Wednesday night is not positive, and manufacturers of heavy equipment are reacting worse than the overall market. Shares of Caterpillar (NYSE: CAT) and Toro (NYSE: TTC) were each down more than 6% as of 1 p.m. ET, while shares of Deere (NYSE: DE) were down 4%. An aggressive round of tariffs caught the markets off guard, with investors trying to assess the impact to the companies they own while also watching closely for signs trade partners could retaliate.
U.S. companies were hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war. The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the U.S. on imports from China by imposing a 34% tariff on imports of all U.S. products beginning April 10. Companies who sell their goods to China were hit hard on Friday, including those in aerospace, agriculture and heavy equipment.
Mentions: MT
The S&P 500 is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability. But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
Deere (DE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The stock market is struggling amid President Donald Trump's trade war.
Mentions: ALL
The latest trading day saw Deere (DE) settling at $479.72, representing a -0.81% change from its previous close.