Below is a brief note from CEO Keith McCullough on why we're adding Deere (DE) to the short side of Investing Ideas today:
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Deere (DE) is signaling immediate-term TRADE #overbought today. It's had a heck of a move off the AUG lows and our Industrials Jay Van Sciver remains bearish on the stock, fundamentally, for the intermediate to long term. Here's a good summary from Jay (who is also the TSLA bear) on DE: "Deere is facing a challenging market with rising input costs, lower US crop prices, and elevated expectations. Wholesale sales have tracked ahead of retail, and pricing has been flat in recent quarters." Sell on green, KM |
