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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Titan International (TWA) Equity Research

Shares of off-road tire and wheel manufacturer Titan International Inc.  rose more than 20% at the end of April. It's not the sort of move that usually happens when a company reports a more than 25% drop in sales in the quarter. However,  the market already knows  the company is beleaguered amid difficult agricultural, mining, and construction markets, so investors are likely to warmly receive any positive news. Let's look at why the stock moved so violently.


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