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Jim Lebenthal Deere & Co. DE-N BUY Dec 06, 2023

Why is this a battleground stock? They ripped the band-aid off their last report and set future earnings at a proper level, but see a low bar in their forecast: 12x forward PE. Crop prices have been weak for a while, but that's the best time to buy Deere.

Jim Lebenthal

Owned

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$365.540

Stock price when the opinion was issued

machinery

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BUY

One of top ideas. Great company that underpins industrial economy. Excellent chart that is representing a good buying opportunity. Would buy this stock.

HOLD

Not exactly undervalued. Volatile. Range-bound until recent uptrend. Impacted by commodity prices and interest rates. Cost-cutting, lowering forecasts. Business remains under pressure. 11% upside to street's target. Wait to see where the stock's going. Yield of 1.5%.

TRADE

Looking back 2-3 years, bounces back and forth between $340 and $430. Recent downswing from April-July, finding support around $350. However, started to bounce over last 2 days, encouraging. First resistance $410-415, next at $430-435, with the $400 round number in between. Trading upswing within a long-term trading range.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 04/24, Up 4.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DE is progressing well. To remain disciplined, we recommend trailing up the stop (from $320) to $357 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 04/24, Up 11.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DE is progressing well. To remain disciplined, we recommend trailing up the stop (from $357) to $380 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 04/24, Up 15.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DE has achieved its target at $425. To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $49..

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 04/24, Up 15.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DE is progressing well. To remain disciplined, we recommend trailing up the stop (from $380) to $401 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 04/24, Up 28.5%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with DE is progressing well. To remain disciplined, we recommend trailing up the stop (from $401) to $441 at this time.

COMMENT

He expects a weak quarter on Thursday. Share prices are falling due to farmer incomes, which should turn around. Price crops should increase. Deere has controlled inventory.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 04/24, Up 20%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DE has triggered its stop at $441. To remain disciplined, we recommend covering the position at this time.

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Jim Lebenthal Deere & Co. DE-N BUY Dec 06, 2023

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