Why Deere Stock Rallied Today
The agricultural equipment maker's profits are set to soar.
Overview
Shares of Deere (NYSE: DE) rose on Monday after an analyst report drove investors to price in the rising probability of a near-term recovery in the U.S. farming market.
Image source: Getty Images.
A brutal combination of higher fuel costs and lower crop prices has weighed on the U.S. agriculture industry's profits in recent years. Yet farmers could soon get some relief.
Details
Source
Originally published at www.fool.com.
Related Articles
- Here's What September Has Done to AMD Stock Over the Past 10 Years
- August was the month of the comeback kids. Cramer reviews what drove the biggest winners
- Jensen Huang Told Investors in June to 'Buy at a Discount' During Nvidia's Sell-Off. Nearly Three Months Later, Nvidia Is Up 4%, and a Broader AI Basket Gained 8%. Did His Call Pay Off?
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.