Saturday, December 26, 2015

Time to Buy Agricultural Machinery Stocks For 2016?

Titan Machinery, Inc.'s (NASDAQ:TITN) third-quarter results delivered the latest tale of woe for the agricultural machinery sector, and the market promptly reacted by sending the stock down nearly 25% in the days following the earnings report. Titan's troubles matter to the sector because it sells and rents agricultural and industrial equipment to CNH Industrial (NYSE:CNHI). As CNH goes, so do rivals Deere & Company (NYSE:DE) and AGCO Corporation (NYSE:AGCO). That said, let's take a look at Titan's earnings and the outlook for the rest of the sector.

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