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Deere signals bottom for farm stocks

Buy Deere (DE)

Earnings as high as an elephant’s eye. Yes, I’m being corny but corn is the big story for Deere. Deere gets about 55% of its sales from farm equipment and the company controls about 50% of the North American market for agricultural equipment. So you can...

Buy Deere & Co (DE)

Another quarter (Q2, announced in mid-May 2009), another depressing take on demand for Deere’s (DE) agricultural and construction machinery. On the farm equipment front, the problem isn’t in North America, where sales fell just 4% from the first quarter of 2008, but...