Salient to Investors: Berkshire Hathaway disclosed a stake in Deere, Precision Castparts, and Wabco Holdings and cut consumer products stocks including Johnson & Johnson and Procter & Gamble in Q3. Berkshire has been reducing holdings of consumer-products stocks in 2012. Eli Lustgarten at Longbow Research said there is a massive need to increase productivity in the world’s farm
READ MORE... →Salient to Investors: The S&P Supercomposite Machinery Index has risen 9.4 percent since July 17 versus a loss of 0.8 percent in the S&P 500 Index. Robert McCarthy at Robert W. Baird said the rise in machinery stocks follows 5 months of underperformance by near 20 percent, and sees meaningful upside potential on signs
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