With shares of popular farming equipment maker Deere (DE) trending higher, it seems like too much recession risk was baked in just over a month ago. Undoubtedly, the cyclical nature of the industry makes the company vulnerable to economic downturns. However, as the company continues to buck the trend with solid results while continuing to shed light on its tech-driven innovations, I think it will be tough to stop Deere in its tracks. Shares of the company have performed well despite all the macroeconomic uncertainties. Indeed, Deere stock is up 5.2% year-to-date. It's worth noting that shares have rallied significantly off their recent summer lows.
https://www.tipranks.com/news/article/easing-fears-and-innovative-products-could-power-deere-stock-higher?utm_source=advfn.com&utm_medium=referral
Deere (NYSE:DE)
Gráfico Histórico do Ativo
De Set 2022 até Out 2022 Click aqui para mais gráficos Deere.
Deere (NYSE:DE)
Gráfico Histórico do Ativo
De Out 2021 até Out 2022 Click aqui para mais gráficos Deere.