Investing US Agriculture - CNH Global NV
Surging demand in U.S. agricultural products have brought life to the U.S. agriculture industry with close to $70 billion in export for the first 8 months of 2010. As farm equipment maker is reaping the benefits from the growing farming activities it is worth while to look at the major farm equipment maker. After a quick view on Deere and Company yesterday, lets take a look its rival, the Amsterdam based CNH Global NV(NYSE:CNH).
Shares of CNH have been doing really well this year, rising almost 100% from $25 in December 31 of 2009 to $47.59 today. The technical chart indicates a strong bullish signal as both 50 day and 200 day moving average are heading up. The company's financials also looks strong as revenue in every quarters this year are higher than last year while net income has been growing.
Shares of CNH have been doing really well this year, rising almost 100% from $25 in December 31 of 2009 to $47.59 today. The technical chart indicates a strong bullish signal as both 50 day and 200 day moving average are heading up. The company's financials also looks strong as revenue in every quarters this year are higher than last year while net income has been growing.
posted by Stock Geek at
10:03 PM
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