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DEERE CO. DL 1DEERE CO. DL 1DEERE CO. DL 1

DEERE CO. DL 1

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DCO trade ideas

Giving DE Short another shot!It doesn't get much more clear as the line in the chart above. We are right at resistance in my most despised trade war stock, DE. The reluctance for this stock to roll over despite tons of bad news, terrible earnings and terrible guidance has been uncanny. I think DE is especially vulnerable here with no good news in the trade war in sight. Let's short DE here. Short @ 152.60 Target 1: $146 Target 2: 141 Stop on a an hourly closing basis through the drawn line (about ~$1 higher).
NYSE:DEShort
by TradeWithAdam
Long ATM Straddle John Deere with LOW IVR = CHEAPWe purchased an at the money straddle for a small debit of only 3.22. This trade is notably cheap because the IVR is extremely low: 2%. Being a long straddle (buying the calls and puts at 165), we are giving ourself unlimited profit, risking a limited $322 per contract. We take our neutral position because of the positive characteristics of the trade itself, but the fundamental conditions further our thought. With an equity value of over 51 billion, John Deere is a company with significantly large exposure to China, and Chinese trade tensions. Also, interest rates have a somewhat direct effect on the profitability of this corporation. Financial Services comprises 9.2% of Deere's market cap, so as cuts in July become more of a reality, the profitability of the Financial Services division will be affected, possibly drastically. Lower rates mean lower borrowing costs for Deere, and could cause the stock to move outside of the breakevens to lead to profits. Also, the technicals indicate the high possibility of large movements prior to maturity. The RSI, MFI and Stochastics all indicate an overbought sentiment, and the DMI DI+ and DI- indicate change in direction. The PSaR also has recently switched direction.
NYSE:DE
by LaurenTrading
Shorting Deere's (DE) dead cat bounce!In the middle of May, Deere reported earnings during what was a massive cascading sell-off in its stock. Their main issues for poor guidance were the China tariffs and the fact that they had begun to hurt the revenues of farmers and therefore the machinery that Deere sold to farmers. The stock took yet another spill after earnings and managed to bottom around $132 before embarking on an impressive 17% rally in 20 trading sessions. Today, at the top of this rally, Baird came out and upgraded the stock! I believe this is a prime example of analysts being late to the party as the upgrade has forced the stock to rally right into previous support (now resistance in the 154-155.50 level. The China situation has only gotten worse and farmers continue to struggle despite Trump's many attempts to inject cash into their pockets. I believe we can short DE between 153.50 and 155.50 with the following parameters: Target 1: $147 Target 2: $132 Stop: 158
NYSE:DEShort
by TradeWithAdam
$DE Bearish earnings report, profits down, outlook downbeat.Things are not going to get any better for DE, the meeting with Trump and Xi can not come quick enough for them. Sales have declined and the outlook looks bleak, uncertainly has also crippled the stock of most heavy machinery and industrial equipment makers since the trade war began. China is for sure a massive concern for investors but also the impact on its USA agricultural market. Farmer have reduced spending significantly and that has no signs of changing. Add to this the Dollar strength and worries of worldwide growth, investors loyalty will be tested in they weeks to come.
NYSE:DEShort
by RedHotStocks