Is John Deere Stock A Good Buy at Buying

Is John Deere Stock A Good Buy. The stock also trades at a discount compared to its industry and the s&p 500, and it closed regular trading tuesday 5% off its november highs. Deere is a cyclical stock, so its valuation tends to peak as its revenue hits a trough.

John deere's profit margins are also likely to struggle with skyrocketing steel, fuel, and freight costs. De is up 38% ytd and is selling at 23x earnings. During the last day, the stock moved $5.32 between high and low, or 1.41%.

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De stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. Deere was recently hit with a massive labor strike, resulting in a strong possibility for permanently higher labor costs. Since you make your money on the buy side, deere looks like a. Of the funds tracked by insider monkey, greenhaven associates , managed by edgar wachenheim, holds the number one position in deere &.