I bought Deere on your recommendation, and have been watching it go down daily. They report on May 8th. Does the market know something I don't? Should I sell before earnings? Thank you.
Deere (DE) is also rated as an A-rated in PortfolioGrader Pro. Deere has firmed up a bit. The stock’s recent profit taking seemed to be associated with other agriculture stocks volatility, which has since ceased.
By the way in my Global Growth letter, I commented last week that Indian farmers are increasingly choosing camels over diesel-hungry tractors. Market prices for camels, which previously crashed with the growing affordability of motorized vehicles, are rising again as oil prices soar. A sturdy male camel with a life expectancy of 60 to 80 years now costs up to 40,000 rubles ($982), compared with just 5,000 to 10,000 rubles ($123 to $246) just three years ago. Entry-level tractors cost around $4,000. I keep thinking about “green” John Deere camels being sold in India. Hopefully, tractors will prevail over camels in India.
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