The S&P 500 (NYSEARCA:SPY) is down today 1.5% and stands at 1,170. Here are three stocks up in a down market.
Deere & Company (NYSE:DE): Net income jumped 46% Y/Y on an 18% rise in revenue as Deere trades higher after its FQ4 results easily beat estimates earlier today. The company says prices for farm crops will remain strong into next year. This will drive farm machinery higher sales and prompting the company to raise its FY12 forecast. It now expects total cash receipts from U.S. farming to be $374B in 2012, up from its August view of $362B which is a key driver for machinery sales. DE shares recently traded at $74.57, up $2.65, or 3.68%. Its market capitalization is $30.87 billion. They have traded in a 52-week range of $59.92 to $99.80. Volume today was 8,183,527 shares versus a 3-month average volume of 5,170,570 shares. The company’s trailing P/E is 12.27, while trailing earnings are $6.08 per share.
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Boston Scientific Corporation (NYSE:BSX): Boston Scientific said its key “Promus Element” heart stent has gained FDA approval, and that the product will replace the Promus stent that Boston now co-markets with Abbott Labs (NYSE:ABT). Abbott had received 40% of the profit until now. BSX shares recently traded at $5.44, up $0.13, or 2.45%. Its market capitalization is $8.05 billion. They have traded in a 52-week range of $5.26 to $7.96. Volume today was 12,271,272 shares versus a 3-month average volume of 20,077,900 shares. The company’s trailing P/E is 14.34, while trailing earnings are $0.38 per share.
First Solar, Inc. (NASDAQ:FSLR): The solar company is excited about an earnings beat by Yingli Green Energy (NYSE:YGE). FSLR shares recently traded at $42.64, up $1.84, or 4.51%. They have traded in a 52-week range of $40.05 to $175.45. Volume today was 2,512,288 shares versus a 3-month average volume of 3,796,770 shares. The company’s trailing P/E is 7.00, while trailing earnings are $6.09 per share.