Jan. 7 at 11:37 AM
⛏️ BofA | Miners > Farmers
Full analysis here! It's free👉 @StockAnalyst_SA
(No noise !!)
📌 Key points:
Buy
$CAT | Neutral
$DE $CNH $AGCO
Ag cycle still low gear → farmer sentiment down MoM
$12B aid mostly for debt paydown & family expenses, not new equipment
⚠️ Buying trends:
Aging fleet → 55% plan to cut machinery purchases (vs 6% increase)
Used equipment favored → helps work through inventory
💡 Takeaway: Weak ag equipment demand → miners more attractive
GLTA / NFA — Not financial advice