Titan Machinery Inc. Announces Results for Fiscal Fourth Quarter and Full Year Ended January 31, 2014
We think the market is too focused on near-term farm equipment headwinds and not enough on a cyclical European trucking upturn.
We are concerned about a slow start to U.S. light-vehicle sales this year, but we expect improvement once the cold abates.
Fitch: Round Zero Neutral for Pemex's Credit Quality
CNH is plowing ahead, but we have some lingering concerns.
Following Cat's fourth-quarter results, in line with our forecast, our fair value estimate remains $94.
There are many different types of emerging-markets bonds.
Although ag machinery manufacturers may reap weaker 2014 results, we think Deere's narrow moat is intact.
After several strong years of U.S. and Canadian machinery purchases, growth rates look to slow.