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Weirdly Deere is up big lately. I'm no big investor or anything, but I buy a share every time I make a machinery payment. I've looked at the headlines for the company, and I haven't the first ****ing clue why this stock has risen lately. Farm incomes are down substantially compared to the prior 3 or so. Commodity prices are down indiciating another one. Tariffs are up. Their gross revenue was down 30% in Q1 YOY and their gross margin was down too. EPS were half of PY
I think they resolved their union problems, and they have some market leading tech that is hitting the market (no clue on adoption - I ain't buying that noise). Other than that the only good news I saw was they increased their dividend and their board submitted From 4s that they were all buying stock. (Maybe that's a stock option? IDK).
I didn't find any of the guidance but it must have been a humdinger for the stock to rise that much after a pretty crappy quarter and a dividend increase. .
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