NEW YORK, October 31, 2016 /PRNewswire/ --
Stock-Callers.com is currently reviewing the Farm and Construction Machinery segment which is engaged in the design,
construction, and selling of equipment and machinery used in agriculture, mining, oil extraction, and forestry. Equities to
assess are: Deere & Co. (NYSE: DE), Joy Global Inc. (NYSE: JOY), The Manitowoc Co. Inc. (NYSE: MTW), and CNH Industrial N.V.
(NYSE: CNHI). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Deere
Last Friday at the close, shares in Illinois headquartered Deere & Co. ended 0.20% higher
at $87.17. The stock recorded a trading volume of 2.48 million shares. The Company's shares have
advanced 3.95% in the last one month, 13.02% in the previous three months, and 16.86% on an YTD basis. The stock is trading above
its 50-day and 200-day moving averages by 3.09% and 8.29%, respectively. Furthermore, shares of Deere, which together with its
subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide, have a
Relative Strength Index (RSI) of 61.73.
On October 10th, 2016, research firm Wells Fargo upgraded the Company's stock rating
from 'Market Perform' to 'Outperform'.
On October 12th, 2016, Deere announced that it has reached an agreement to enable
Ag Leader to offer products currently sold by Precision Planting. The agreement is contingent on
Deere completing the acquisition of Precision Planting from The Climate Corporation, a subsidiary of Monsanto Company. The
agreement will provide Ag Leader the technologies and licenses necessary to manufacture and sell
the Precision Planting SpeedTube and related technology, once the acquisition of Precision Planting is completed. DE complete
research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=DE
Joy Global
Milwaukee, Wisconsin headquartered Joy Global Inc.'s stock finished Friday's session 0.11%
lower at $27.87 with a total trading volume of 816,751 shares. The Company's shares have advanced
0.94% in the last one month, 1.49% over the previous three months, and 121.33% since the start of this year. The stock is trading
above its 50-day and 200-day moving averages by 0.88% and 35.34%, respectively. Additionally, shares of Joy Global, which
manufactures and services mining equipment for extraction of coal, copper, iron ore, oil sands, gold, and other minerals and ores
worldwide, have an RSI of 58.02.
On October 19th, 2016, Joy Global announced that its stockholders overwhelmingly
voted to approve the company's pending acquisition by Komatsu America Corp., ("Komatsu"), a subsidiary of Komatsu Ltd. On
July 21st, 2016, Joy Global and Komatsu entered into a definitive merger agreement
pursuant to which Komatsu will acquire Joy Global in a transaction valued at approximately $3.7
billion, including Joy Global's outstanding indebtedness. The transaction is on track to close by mid-2017, and may occur
in early-2017 depending on the progress of the remaining regulatory clearance procedures.
On October 19th, 2016, research firm CL King downgraded the Company's stock rating
from 'Buy' to 'Neutral'. The complimentary report on JOY can be downloaded at:
http://stock-callers.com/registration/?symbol=JOY
Manitowoc
Shares in Wisconsin-based The Manitowoc Co. Inc. ended the session 0.25% higher at
$4.05 and with a total trading volume of 827,889 shares. The stock is trading below its 50-day
moving average by 12.00%. Shares of the Company, which designs, manufactures, and sells cranes and related products worldwide,
have an RSI of 30.96.
On October 19th, 2016, Manitowoc announced
preliminary results for Q3 2016. For Q3 2016, net sales are expected to be approximately $350
million versus $438 million in Q3 2015. On a GAAP basis, the company expects to report a
loss from continuing operations of approximately ($138) million for Q3 2016 as compared to a loss
from continuing operations of ($30) million in Q3 2015.
On October 20th, 2016, research firm Seaport Global Securities downgraded the
Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised its previous target price from $6 to $5. Sign up for your complimentary research report on MTW at:
http://stock-callers.com/registration/?symbol=MTW
CNH Industrial
The UK-based CNH Industrial N.V.'s shares recorded a trading volume of 1.74 million shares, which was above their three months
average volume of 1.02 million shares. The stock closed 2.26% higher at $7.70. The Company's shares
have gained 9.07% in the past month, 9.84% in the previous three months, and 14.84% on an YTD basis. The stock is trading 4.50%
above its 50-day moving average and 10.99% above its 200-day moving average. Additionally, shares of CNH Industrial, which
designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and
specialty vehicles, engines, transmissions, and axles worldwide, have an RSI of 61.47.
On October 21st, 2016, CNH Industrial announced that its wholly owned subsidiary, CNH
Industrial Capital LLC, has completed its previously announced offering of $400 million in
aggregate principal amount of 3.875% notes due 2021, issued at an issue price of 99.441%. Get free access to your research report
on CNHI at:
http://stock-callers.com/registration/?symbol=CNHI
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