Hey everyone, welcome back to another video from Beac Bum Trading! Today, in this [Is John Deere Stock (DE) a Good Stock to Buy Now? | DE | Deere & Co. | Quick Take] video ๐ฅ, we’re going to be looking at an interesting stock that caught our eye – Deer.
Deer is currently trading at 367 but it’s showing signs of a possible bounce back up to 460. It also has a multiple bottom pattern which is a good sign for potential support. From a risk-reward perspective, it seems like a decent opportunity with a potential 20 point downside at 340.
However, despite these positive indicators, there are certain concerns that we have about Deer. Its tractors are quite expensive and with the current high interest rates, it may not be a favorable market for them. However, Deer did outperform in their latest earnings, beating EPS by 20% and revenue by 2%.
At [BeachBum Trading], we always like to look at the bigger picture and take into consideration all factors before making investment decisions.
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๐ CHAPTERS ๐
00:00 – DE | Deere & Co.
02:10 – BeachBum Trading Sites
02:58 – Discord Invite
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๐งฐ TRADING TOOLS USED IN THIS VIDEO ๐งฐ
๐ ๏ธ ChartMill ๐ https://bit.ly/3By9g4X
๐ ๏ธ FinViz ๐ https://bit.ly/3h7r8M3
๐ ๏ธ Seeking Alpha ๐ https://seekingalpha.com
๐ ๏ธ Webull โ Get FREE stocks with Webull ๐ https://bit.ly/3jKfvw5
๐ฝ REFERENCES ๐ฝ
๐ DE – Deere & Co. – Home Page ๐ http://www.deere.com/
๐ Profile of Deere & Co. (DE) stock | ChartMill.com ๐ https://www.chartmill.com/stock/quote/DE?a=152324
๐ DE Deere & Co. Stock Quote ๐ https://finviz.com/quote.ashx?a=311864277&t=DE
๐ Deere & Co. (DE) Stock Price Today, Quote & News | Seeking Alpha ๐ https://seekingalpha.com/symbol/DE
๐ Weekly Trading Game Plan Notes for 3/4 โ 3/8/24 – Part 2 ๐ https://docs.google.com/document/d/1sEcTCtyjM4TFRkYwdXZJ_xTOPxP8WGqAjux9TGha53c/edit?usp=sharing
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