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The Panic-Proof Portfolio (Stockchase Research) Deere & Co. DE-N TOP PICK Jun 04, 2024

Stockchase Research Editor: Michael O'Reilly

In a time of growing global agricultural demand, DE is well positioned. It has invested $2.2 billion into research for innovations that allow farmers to reduce input costs and their environmental footprint. It trades at 15x earnings and supports a robust 41% ROE. We recommend setting a stop-loss at $320, looking to achieve $425 -- upside potential of 60%. Yield 1.5%

(Analysts’ price target is $425.94)

The Panic-Proof Portfolio (Stockchase Research)

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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.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

The Panic-Proof Portfolio (Stockchase Research) Deere & Co. DE-N TOP PICK Jun 04, 2024

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