Farm equipment maker Deere & Co. (DE) is taking a beating from the markets after a lousy earnings report on Wednesday.
The company cited an international slowdown in business as one reason it fell short of its third-quarter earnings forecast and had to slash its outlook for the rest of the year.
Investors were not happy and sent the stock more than 7% lower by midday.
Deere's numbers, particularly the company's expenses, drew questions, skepticism and sarcasm from the traders on StockTwits:
The drought was one odd bright spot. Deere said it could actually drive demand for its tractors and other products.
Investors might not be panicked but the stock is down more than 4% this year.
Corn prices climbed to a record high Thursday, staging a fresh rally as investor gear up for the U.S. government's latest snapshot on corn production due Friday morning.
"Analysts are making some pretty dire predictions," said Sal Gilbertie, chief investment of Teucrium Trading, which runs the Teucrium Corn ETF (CORN).
Corn prices are up more than 60% over the last seven weeks as the worst drought in more than half a century blankets the MOREHibah Yousuf - Aug 9, 2012 2:03 PM ET
Who doesn't like pizza? Whether it's hot out of the oven or cold leftovers from the fridge the morning after some late-night reveling, pizza is a go-to meal for many Americans. And that's been great news for Papa John's (PZZA). The company reported earnings that topped forecasts Wednesday morning, sparking a nice pop in the stock.
Traders on StockTwits debated the merits of Papa John's food (and stock) versus its key MOREPaul R. La Monica - Aug 1, 2012 11:44 AM ET
Corn prices surged to a new record high Tuesday, as the worst drought in more than 50 years continues to plague more than half the country.
Almost 90% of the United States' corn crops are in drought ravaged areas, according to the U.S. Department of Agriculture, and nearly 40% are situated in the hardest hit spots.
Corn prices have soared more than 50% during the past six weeks as the crops continue MOREHibah Yousuf - Jul 31, 2012 9:55 AM ET
Corn prices have soared more than 40% in recent weeks as the scorching, dry heat wreaks havoc on crops in the Midwest.
Prices went as high as $7.33 per bushel of corn on the Chicago Board of Trade Monday, not far from the record high of $7.9975 hit last June, amid worries about flood damage. Prices eased slightly Tuesday, as investors await the U.S. Department of Agriculture's updated forecast for harvest yields, which is due MOREHibah Yousuf - Jul 10, 2012 11:52 AM ET
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