Market Focus


A slow farm economy didn’t stop Deere from posting an earnings beat. The farm and construction equipment maker saw net-income increase 17% in the fourth quarter. The company also issued an unexpectedly upbeat outlook for 2014 because of a construction rebound in the U.S. The good news sent shares up 2% to $84.52.


The recovering housing market wasn’t enough to help Lowe’s beat earnings estimates. The home improvement retailer’s third quarter profit missed the mark and although the company raised its full-year outlook, its forecast still didn’t meet Wall Street’s consensus. Shares fell 6% to $47.33.

JM Smucker

JM Smucker’s attempt to boost sales by cutting its prices failed to help the company post an earnings beat. The maker of Folgers coffee and Jif peanut butter missed profit estimates despite lower coffee and peanut commodities prices. Smucker also trimmed its revenue forecast. The stock plunged 6.5% to $101.49.


Weak demand and a stronger dollar hurt Staples third quarter sales. The country’s largest office supply retailer returned to a profit in the third quarter, but earnings missed estimates. The company kept its outlook, citing growth online and in new products like tablets. Shares still tumbled 1.5% to $15.10.


Caterpillar announced that its machinery sales have fallen 12% in the last 3 months. The world’s largest maker of mining equipment has been hit hard by sluggish demand for its products. Caterpillar has had to close some of its smaller plants laying off thousands of employees. The stock slumped 1% to $82.68.


One investor thinks Aeropostale is still cool. Hirzel Capital Management has taken a 6% stake in the teen retailer, saying that shares are “undervalued” according to an SEC filing. The news sent shares of the chain way up 5.5% to $10.04.

Philip Morris

Marlboro cigarettes maker, Philip Morris announced its getting in on the e-cigarette business. The world’s largest public tobacco company also raised its full-year forecast, since the impact from unfavorable exchange rates has decreased. That didn’t seem to impress investors though, shares fell more than 2% to $89.30. soared to an all-time high today. The stock got a boost after Goldman Sachs added the travel site to its “conviction” buy list. Goldman thinks the company will benefit from a European recovery and increased mobile traffic. The stock jumped 2.5% to $1,147.09.

Green Mountain

After the close of trading, Green Mountain reported a steep rise in quarterly profit thanks to strong sales of its k-cup coffee pods and Keurig brewing systems. The company also announced 1 billion share stock buyback and a new quarterly dividend of $0.25 per share. The company’s revenue growth forecast was slightly below estimates. That may have given investors a little pause after the report. During the regular session, the stock rose a fraction to $61.83.

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