The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes discusses topics around the investing world.
In today's edition, Brendan discusses earnings from agricultural-equipment giant Deere. The company posted earnings of $2.61 per share, beating expectations of $2.53. Deere also raised its full-year earnings outlook because of higher improving global demand for farm equipment. It did, however, lower its forecast for corn, wheat, and soybean prices for this year. Lower crop prices lead to lower income for farmers, which can decrease demand for Deere products. That's certainly something to watch from Deere, but as of now, if you've been thinking about opening a position in Deere, now looks like a solid opportunity after a drop in the stock price over the past few months.
Deere gets an increasing amount of its revenues from outside the U.S., and many investors may be nervous about investing in companies that have a sizable international presence -- but they shouldn't be. Emerging markets are giving new life to established American companies with deep pockets. As these industry titans look abroad for more sales, they aren't starting with a blank slate -- they're bringing their operational excellence to new markets and thriving. To uncover three of our favorite picks to take advantage of high-growth emerging markets, we invite you to read a copy of our free report: "3 American Companies Set to Dominate the World." The report won't be available forever, so we invite you to click here to get your copy today!
At the time thisarticle was published Brendan Byrnesowns shares of Caterpillar. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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