Deere & Company (NYSE:DE) claims that it is committed to an “A” rating, and it will fund the things it needs for operating and growth. Some of the additional priorities are dividend, and the company has stated that it would consistently and moderately increase its dividend as has a target of 25 to 35 percent payout ratio of mid-cycle earnings. The company also has been considering share repurchasing as way to deliver excess cash to shareholders, and when these requirements are reached, repurchase will likely be value-enhancing. The preceding comments were taken from slides that are to be presented at its Q4 earnings conference call.
VIVUS Inc. (NASDAQ:VVUS): The move higher in VIVUS shares has been credited to speculation regarding expanded insurance coverage for its new obesity drug. There have been no comments stating any change with the insurers, but the speculation has come from this Aetna link.
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Best Buy Co. Inc. (NYSE:BBY): Black Friday is the big day for retailers and their holiday strategies/ According to the Wall Street Journal, last year during the period between Thanksgiving and New Year’s, departments stores, discounters, and other chains earned 25 percent of their total annual sales, the National Retail Federation reported. The International Council of Shopping Centers has predicted that that sales at both malls and shopping centers are expected to have risen 2.5 percent during the holiday season, versus 4.1 percent during the previous year.
SanDisk Corp. (NASDAQ:SNDK): NAND flash contract prices saw a 1 to 5 percent decline during November’s first half, DigiTimes reports, according to DRAMeXchange. Triple-level cell NAND chips prices also saw a decline, 4 to 5 percent, during the period resulting from slowing USB drive and memory card demand.
Bank of America Corporation (NYSE:BAC) stock gained over 7 percent into the Thanksgiving holiday close. Although it fell below $9 during the stock market’s response to the election, Bank of America has been performing well since.