Deere reported 4th Quarter earnings of $4.12 per share on revenue of $11.3 billion. Estimates were $3.82 per share on revenue of $10.6 billion. Revenue grew 16.4% on a year-over-year basis. For forward guidance Deere expects fiscal 2022 earnings of $6.50 billion to $7.0 billion, or $20.87 to $22.47 per share which is mid-range with estimates of $21.89. The stock moved higher after earnings this morning and I put together this trade.
This trade was outlined in the morning Investing Strategy Notes for today. Make sure to read the section on Handling This Trade.
The rest of this trade alert and ideas article is for FullyInformed Members.
Deere Stock (DE) – 5th Trade Alert and Idea for Wed Nov 24 2021
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.