Long CNHI vs Short AGCO
Spread is mildly oversold, would prefer it to be a bit more extreme
ADF shows the spread is often co-integrated
The stocks are strong fundamental matches and score well when looking at Fwrd PE, P-Sales, P-Book, Sector, Industry and Category
Spread recently traded for a +4.6% return
I have to admit, I didn't dream this one up. I saw an interesting interview from a Case New Holland (CNHI) exec and they were talking about their new technology. One thing is for sure, there is a shortage of and growing demand for agricultural products, technology, and commodities. Ukraine is a major agricultural exporter and they are basically out of the...
Hey people, CNH INDUSTRIAL NV gives a bullish signal with a hammer-hammer candle and high volume since the last strong rise which tested the retraction. It bounced off the line that tells its story despite all its she still asks to go up. We are in the middle of the bullish gap that we can fill at 50%. This corresponds to a significant level of fall succession...
This is a follow-up to my previous posts.
Today, Nikola announced the joint venture with CNH Industrial that I have been talking about for several weeks.
Why this stock is not moving way up on all the great news is beyond my understanding.
The IVECO unit of CNH Industrial has been building big rigs for decades, and will jointly start building the Tre in...
Folks, this news is listed under Worthington Industries (WOR) trading at $35.24 with a small market cap of only $1.96 Billion
"KeyBanc Believes Recent Nikola Motors IPO Creates Added Source Of Potential Liquidity Value For Worthington Industries, Says 'While WOR has limited materials content/ties to Nikola itself, the Company owns 19M shares of the...
CNH Industrial (CNHI) owns over 7% of NKLA
CNHI just invested another $250 million in NKLA
CNHI is the stock to own, not NKLA.
CNHI is also profitable with a low P/E
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.