Is John Deere Stock (DE) a Good Stock to Buy Now? | DE | Deere & Co. | Quick Take

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 ๐ŸŽฅ, 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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๐Ÿ“– CHAPTERS ๐Ÿ“–
00:00 – DE | Deere & Co.
02:10 – BeachBum Trading Sites
02:58 – Discord Invite

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๐Ÿ”ฝ REFERENCES ๐Ÿ”ฝ
๐Ÿ“ DE – Deere & Co. – Home Page ๐Ÿ‘‰ http://www.deere.com/
๐Ÿ“ Profile of Deere & Co. (DE) stock | ChartMill.com ๐Ÿ‘‰ https://www.chartmill.com/stock/quote/DE?a=152324
๐Ÿ“ DE Deere & Co. Stock Quote ๐Ÿ‘‰ https://finviz.com/quote.ashx?a=311864277&t=DE
๐Ÿ“ Deere & Co. (DE) Stock Price Today, Quote & News | Seeking Alpha ๐Ÿ‘‰ https://seekingalpha.com/symbol/DE
๐Ÿ“ Weekly Trading Game Plan Notes for 3/4 โ€“ 3/8/24 – Part 2 ๐Ÿ‘‰ https://docs.google.com/document/d/1sEcTCtyjM4TFRkYwdXZJ_xTOPxP8WGqAjux9TGha53c/edit?usp=sharing

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#DE #BeachBumTrading #duediligence

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