Tari CondorHy guys!
If you follow my stratgey you know how easy are the maths to trade this iron condor.
2weeks, 7% strikes.
Enjoy your wallet!
Tari.
DED trade ideas
DE CAT CorrelationCAT has begun to regroup as far as correlation goes and could be another option opportunity tomorrow. Keep an eye on both option flows!
$DE DEERE Riding high into earnings
Potential upside targets $200 - $202- $211
Expectations high and any disappointment could see the $175 level tested as support
Stock is starting to show some weakness on the indicators.
Wait and see approach on this one.
DE to $200 possibly and here is whyLooking at the chart there is significant upside for the production equipment companies. Farms still have to produce product and consumer good prices have risen dramatically over the past few months. Only concern is the commercial food industry Sysco didn't report all that well and that is where a lot of the food supply goes to. Short term target is still $200 based on charts.
Cup and HandleEarnings 8-21 BMO Handle Low is 181 and break out is 182.10
No rising wedges noted
Not a recommendation
DE Bull Flag Breakout NYSE:DE is a ticker I have kept my eye on for a little now. It fell into sideways movement after maintaining a strong bullish trend. It formed a bull flag and broke out of the upper bound at the close of the 6.25 session. This is a strong breakout signal supported by a MACD crossover underneath the zero line. This, along with analyst price target upgrade to 165, involvement in agriculture sector that reaps benefit from the recent China Phase 2 deal, and potential 2 trillion dollar infrastructure aid, makes me believe that we may enter a strong bullish trend from this breakout. Keep your eyes peeled
DEERE & CO posterHello traders, It's a good time to buy DEERE & CO, strong hope from the sellers who should return it soon after the pull back and give way to the buyers.
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Deer following Cat down this week. 5%-20% short gains possibleDE is showing a strong bearish MACD-histogram divergence following a second failed attempt close the gap-down and break resistance at 147.
CAT's (same big machinery bucket) earnings miss, downgrade and refusal to give guidance might weigh on DE too.
Next support levels down are at the 129.50 (~5% down), and then 110 (~20% down).
DE Round DownDE on the daily chart has formed a rounding downward pattern. It is under all its moving averages and they are converging downward. This is looking like it will retest its lows in the $110 range.
Deere & Co Jumps On Farmer Confidence Will possible range between POC and ATH resistance
Best to wait for a confirmed breakout before looking to trade the stock.
EARNings Highlights
(Bloomberg) -- Machinery giant Deere & Co. delivered better-than-expected quarterly results and maintained its outlook for the year as early signs of stabilization in the U.S. farm sector offset a slowdown in construction. Shares surged.
“Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports,” Chief Executive Officer John May said in a statement accompanying its fiscal first quarter results.
While the CEO didn’t mention the coronavirus in the statement, his comments may help ease concerns about how much the outbreak will delay China’s return to U.S. agricultural markets as laid out in the phase one trade deal. American farmers have been cautious on replacing large equipment, Deere’s top moneymaker.
Earnings Highlights
Deere maintained its fiscal 2020 guidance, forecasting a range of $2.7 billion to $3.1 billion. That compares with the $2.9 billion average analyst estimate.
The company’s cautiously optimistic view on agriculture contrasts with the results of a survey released Thursday in which more than half of U.S. farmers said they planned to spend less on capital equipment this year. Fundamentals for American farming remain challenged with increasing competition from South America and the Black Sea region compounded by a strong dollar. Two of Deere’s peers issued disappointing 2020 outlooks.
As Deere reduces production to work through excess inventory and faces weaker demand, Bloomberg Intelligence expects a slow start to fiscal 2020.
Precision Ag
“The Coronavirus has driven investors to a defensive positioning in machinery and Deere has been the defensive play,” Stephens analyst Ashish Gupta said in a Feb. 18 report. “The long-term thesis centers around Deere coming out the farm machinery winner due to investments in precision ag and we do not think an F1Q results shortfall is likely to change that.”
The company reported adjusted earnings of $1.63 a share for the quarter, up from $1.54 a year ago. The average analyst estimate was $1.25. Company-wide sales fell 6%, dragged down by lower construction and forestry shipment volume and unfavorable currency effects.
Shares, down 4.3% this year, rose about 7% before the start of regular trading Friday. Investors will be looking for more detail on the company’s prospects for this year in light of coronavirus on a conference call scheduled for 10 a.m. in New York.
Source Bloomberg
Alex Vieira Urges Sell Deere to Invest in TeslaDeere downgraded in 2019 to invest in Tesla which became the world's best stock performer as Alex Vieira forecasted
Move depends of market sentiment - +7% or -6%Trend is down after earnings and better is wait until Fibo -0.62 grossing with channel lower line.
Deere Trying to Break Loose Before China DealTractor maker Deere might be setting up for a breakout as the U.S. and China move toward a trade deal.
DE has been consolidating in an extremely tight range for the last four weeks. It's pressed against near-term resistance around $177. Meanwhile the 50-day simple moving average (SMA) has squeezed up from below as support.
The company's backward-looking results haven't been terrific. Management guided lower on November 27, citing the trade war. But now the market is looking past that with Vice Premier Liu He scheduled to sign "phase one" at the White House on January 15.
Agricultural exports to the Asian country are a big part of that deal. DE is perhaps the most straightforward name for large institutional investors in the U.S. to position for the news.
Buyers may get more active if DE breaks the weekly high near $177. The 50-day SMA can be used for risk management if it goes the other way.
