Skip to Content
scroll

Deere & Co (DE US)

$US 365.86
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM are buying DE US in the International Equities Portfolio, allocating 6% around $US364.00

OPINION

International Equities Portfolio

The MM International Equities fell -2.03% last week with cash sitting at 9%. Our tech exposures provided the biggest weight, with both Tencent (700 HK) & JD.com (JD US) falling sharply, while Amazon (AMZN US) +10.9% and Deer & Co (DE US) +8.36% offset most of the decline, while a weaker AUD added +1.75%. If we are correct, the recent decline in tech will reverse very soon.

Read more

International Equities Portfolio

The MM International Equities Portfolio fell 5.5% last week with a negative 1.2% contribution from currency swings – while weakness was again across growth names, industrial company  Deere & Co (DE US) was also sold off on supply chain concerns losing -11.15%, while our position in Barrick Gold (GOLD US) +8.74% performed strongly as investors sought safe havens.

Read more

Deere & Co (DE US) $US365.86

Deere & Co manufacture and distribute a range of well-known agricultural, construction and forestry equipment. It’s a defensive style industrial business that trade on a Est. P/E on 20x.  We are looking for DE to make fresh all-time highs into Christmas with technical projections of ~25% higher, obviously this is a call with the trend which increases the chances of success.

Read more

ACTION

DE US
UPDATED 06/08/2021 14:58
MM are buying DE US in the International Equities Portfolio, allocating 6% around $US364.00
Add To Hit List
DE US
UPDATED 05/08/2021 09:08
MM is bullish DE at current levels
Add To Hit List
image description

Agriculture, mining & construction equipment manufacturer

Deere & Company (DE US) manufactures and distributes a range of agricultural, construction, forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services. Deere and Company extends its services and products worldwide.

 

 

chart
image description
Deere & Co (DE US)
chart
image description
Deere & Co (DE US)
image description

Relevant suggested news and content from the site

Back to top