Farmers are wary of Trump’s vehement opposition to trade deals and some of the protectionist policies he put forward during his campaign.
Purdue University’s agriculture economy barometer measures producer sentiment and the health of the agriculture economy based on a monthly survey of 400 US producers.
After a stellar fiscal 3Q16, Deere & Company (DE) upgraded its fiscal 2016 net income guidance by $150 million to $1.4 billion.
Deere & Company, the world’s largest manufacturer of tractors and harvesting combines, is scheduled to declare its earnings for fiscal 4Q16 on November 23, 2016.
President-elect Donald Trump’s infrastructure plan relies mostly on private spending. It also supports investment in the transportation, clean water, utilities and security infrastructure, and telecommunications sectors.
The results of the US presidential election held on November 8 will put maverick billionaire Donald Trump in the Oval Office on January 20, 2017. A large number of US stocks gained on this news, anticipating weaker regulations than if Hillary Clinton had been elected.
Among the analysts surveyed by Bloomberg, three rated Rockwell Automation (ROK) as a “buy,” 15 rated it as a “hold,” and five rated it as a “sell.”
Rockwell Automation maintains that oil prices have recovered since the beginning of 2016, and most of its business in the heavy industries end market is expected to stabilize.
Rockwell Automation’s (ROK) sales in fiscal 4Q16 fell 4.3% to $1.5 billion, led by an organic fall of 4% and a 70-basis-point impact of currency translations.
Rockwell Automation (ROK), one of the world’s largest industrial automation companies, declared its fiscal 4Q16 results on November 7, 2016.
Emerson Electric’s sales in fiscal 2017 are expected to fall between 1% and 3% on an organic as well as net sales basis.
Emerson Electric’s Industrial Automation and Process Management segments saw sales declines of 7% and 11%, respectively, in organic terms.
The consensus estimate for Emerson Electric’s adjusted EPS was $0.89, but the company posted adjusted EPS of $0.96, which is 3.2% higher than in 4Q15.
Danaher (DHR) is exposed to academic research end markets through some of its businesses, such as Leica Microsystems.
Danaher’s sales in 3Q16 rose 17.5% to $4.1 billion, eclipsing estimates by $3 million. Almost 14.5% of this came from the acquisition of Pall Corporation.
On October 12, Danaher announced its an agreement to acquire Phenomenex, a privately held manufacturer of separation and purification consumables.
Danaher (DHR) reported adjusted EPS of $0.87, which beat consensus estimates by $0.05. In growth terms, the adjusted EPS was 22.5% YoY.
General Electric (GE) has a Wall Street analyst consensus rating of 3.96, indicating a “buy” on its stock.
General Electric’s Oil and Gas segment’s revenue fell to 25% in 3Q16 to $2.9 billion, while the segment’s profit fell 42% in 3Q16.
General Electric’s (GE) Power (XOP) segment is its largest business unit. It contributed 23.7% of GE’s industrial revenue before corporate eliminations in 3Q16.