Published on 29 Jul 2022 on Zacks via Yahoo Finance
Is Trending Stock Deere & Company (DE) a Buy Now?
Deere (DE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this agricultural equipment manufacturer have returned +10.7%, compared to the Zacks S&P 500 composite's +6.7% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has gained 7.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.