Deere & Company
Short

$DE Bearish earnings report, profits down, outlook downbeat.

158
Things are not going to get any better for DE, the meeting with Trump and Xi can not come quick enough for them. Sales have declined and the outlook looks bleak, uncertainly has also crippled the stock of most heavy machinery and industrial equipment makers since the trade war began. China is for sure a massive concern for investors but also the impact on its USA agricultural market. Farmer have reduced spending significantly and that has no signs of changing. Add to this the Dollar strength and worries of worldwide growth, investors loyalty will be tested in they weeks to come.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.