By Bob Tita Farm equipment giant posts strong earnings on expense reductions, will trim production Deere & Co. plans to cut additional production of its trademark green tractors and harvesting combines this fall in response to the continued downturn in the global farm economy. Falling crop prices have hit farmer incomes and made… Read More: Deere Cost Cuts Help Profit — WSJ »
In early trading on Wednesday, shares of Urban Outfitters ( URBN ) topped the list of the day’s best performing components of the S&P 500 index, trading up 16.0%. Year to date, Urban Outfitters registers a 59.3% gain. And the worst performing S&P 500 component thus far on the day is Staples ( SPLS ),… Read More: S&P 500 Movers: SPLS, URBN »
Image source: Richard Hurd/ Flickr . Investors have historically been attracted to fertilizer stocks because of their growth potential and high dividend yields. Those positive qualities became a little less attractive when agricultural nutrient prices collapsed in late 2014, but not all companies shared the pain equally. Agrium (NYSE: AGU) , which sells each of… Read More: 3 Reasons Agrium's Stock Could Rise »