Syeda Seirut Javed
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Deere & Company (NYSE:DE) is one of the 11 stocks that Jim Cramer recently commented on. The company was mentioned during the episode, and here’s what Mad Money’s host had to say:
“In May of last year, I told you that Deere was finally taking control of its own destiny, even if that might… take some time to play out. And in retrospect, that was a good call… Funny thing about Deere, while the stock’s roared over the past 12 months, the company hasn’t been putting up particularly good numbers… But even though the numbers have been hideous in absolute terms, Deere’s results have consistently come in better than expected. How’s it possible? Simple. This company is hostage to the agriculture market, which means their business rise[s] and falls based on factors that they’ve got, let’s say, no control over…
A combine harvesting crops, showing the capabilities of the company's agriculture equipment.
Deere (NYSE:DE) produces and sells a broad portfolio of equipment, including tractors, harvesters, mowers, and machinery used in construction. Furthermore, the company provides financial services that support equipment purchases and lease agreements.
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