My pick for rising farm commodity prices is Deere; adding it to Jubak Picks Portfolio

My pick for rising farm commodity prices is Deere; adding it to Jubak Picks Portfolio

Wheat prices hit new highs at $7.46 a bushel at the end of April. That the highest since February 2013. Corn climbed to a new eight year high. The day soybeans rose for a tenth straight session to reach on eight year high.
When the prices of farm commodities climb, it’s tough times ahead at the grocery store for consumers. But it’s good times ahead for farmers and that means increasing sales of tractors and other farm equipment for Deere (DE). I’m adding the shares to my 12-18 month Jubak Picks Portfolio

Trick or trend: We’re seeing a near record earnings performance and an almost record increase in earnings estimates

Trick or trend: We’re seeing a near record earnings performance and an almost record increase in earnings estimates

Wall Street analysts have increased their 2021 forecast for S&P 500 earnings by 3.6% to $170.3 a share in January. That’s the biggest jump in earnings estimates in January for any year dating back to 2013 except the revisions in 2018 on the heels of the December 2017 tax cuts. Of course, a good part of this higher estimate is already figured into stock prices.

Energy sector bounce spreads to other cyclical sectors

Today it’s not just energy stocks. Cyclical stocks of all kinds are outperforming stocks in safe sectors such as consumer staples and utilities. Today the energy sector is up with the Energy Select Sector SPDR ETF ahead 1.22%. But such cyclical sectors as materials and industrials were up too with the Materials Select Sector ETF ahead 1.47% and the Industrials Select Sector ETF up 1.33%.