ការ​លក់​ត្រាក់ទ័រ​ធំ​បាន​ឡើង​ដល់​កម្រិត​ខ្ពស់​ថ្មី​នៅ​អាមេរិក និង​កាណាដា

Large tractor sales hit new highs in US and Canada - this stock could benefit

Strong feed demand in China, and globally is pushing farmers to produce more food. In addition, strong food price inflation as highlighted in the latest Consumer Price Index (សន្ទស្សន៍ថ្លៃទំនិញប្រើប្រាស់) data released on September 13, is an additional motivator for farmers to till more land.

Accordingly, strong growth has been noted in large agricultural tractor sales, with inventories stabilizing after the Covid scare. In both the US and Canada, the combined tractor sales jumped by 16.8%, according to ទិន្នន័យដែលបានចែករំលែក by Baird.  

Furthermore, the US Department of Agriculture is មើល a 20% increase in corn exports, roughly $1.6 billion worth, compared to last year. With combine harvester sales leading the way, rising 27.3% year-on-year (YoY), followed by row crop tractors, increasing sales by 14.3% YoY.   

With all of the above, Deere & Company (NYSE: DE) could benefit from the trends as billionaire អ្នកវិនិយោគតម្លៃ Mario Gabelli, chairman, and CEO of Gabelli Asset Management បានកត់សម្គាល់ there is confusion regarding the new proposed 15% tax indicating that the agricultural sector could benefit due to a $535 billion government stimulus, among other things.

DE chart and analysis 

With DE being one of the better-performing stocks in the Machinery industry, outperforming 87% of 147 stocks in the same industry, the long and short-term trends are both positive.

In the last month, DE has been ការធ្វើពាណិជ្ជកម្ម in the $353.05 to $392.93 range, bouncing between the daily មធ្យមការផ្លាស់ប្តូរ. ការវិភាគបច្ចេកទេស indicates a support zone from $361.05 to $362.21, and a resistance zone from $366.50 to $370.57.

DE 20-50-200 SMA lines chart. Source. Finviz.com data. See more ភាគហ៊ុននៅទីនេះ។

អ្នកវិភាគ TipRanks វាយតម្លៃភាគហ៊ុនជា 'ការទិញកម្រិតមធ្យម' ជាមួយនឹងតម្លៃជាមធ្យមក្នុងរយៈពេល 12 ខែបន្ទាប់ ឈានដល់ 407.50 ដុល្លារ។ ខ្ពស់ជាង 12.17% បរិមាណជួញដូរថ្ងៃនេះ = 363.30 ដុល្លារអាមេរិក។

Wall Street analysts’ price targets for DE. Source: TipRanks  

Furthermore, Deere is looking to increase its revenue through software sales; according to a recent PR on its site, they’re looking to create 10% of revenue from the software side as its farming equipment becomes more tech-heavy. 

If oil and gas prices remain volatile, industrials as a niche may do well, also, raging inflation will give food producers more cushion to earn better returns. Therefore, firms like Deere that produce essential machinery that helps in the creation of food should do well both short and long term. 

Buy stocks now with Interactive Brokers – the most advanced investment platform


ការមិនទទួលខុសត្រូវ៖ ខ្លឹមសារនៅលើគេហទំព័រនេះមិនគួរត្រូវបានចាត់ទុកថាជាដំបូន្មានវិនិយោគទេ។ ការវិនិយោគគឺជាការប៉ាន់ស្មាន។ នៅពេលវិនិយោគ ដើមទុនរបស់អ្នកមានហានិភ័យ។ 

Source: https://finbold.com/large-tractor-sales-hit-new-highs-in-us-and-canada-this-stock-could-benefit/