Cost to Borrow Yuan Overnight in Hong Kong Hits Seven-Month High
Cost to Borrow Yuan Overnight in Hong Kong Hits Seven-Month High -- Update
Top 5 Vendors in the Haying and Forage Machinery Market in North America from 2016 to 2020: Technavio
Haying and Forage Machinery Market in North America 2016-2020 - Incorporation of Precision Farming Technologies a Key Growth Driver - Research and Markets
CNH is plowing ahead, but we have some lingering concerns.
After several strong years of U.S. and Canadian machinery purchases, growth rates look to slow.
We think the market is too focused on near-term farm equipment headwinds and not enough on a cyclical European trucking upturn.
Although ag machinery manufacturers may reap weaker 2014 results, we think Deere's narrow moat is intact.
We are concerned about a slow start to U.S. light-vehicle sales this year, but we expect improvement once the cold abates.