This Unstoppable Dividend Stock Is Up 21% in 3 Months. Here's Why It's Still a Great Buy in December.
Portfolio Pulse from
Deere's stock has surged 21% in the past three months, reaching an all-time high after reporting fiscal Q4 and 2024 results. Despite this, net income fell by over 30% in fiscal 2024, with projections of even lower earnings in fiscal 2025.
December 03, 2024 | 10:15 am
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NEUTRAL IMPACT
Deere's stock reached a new all-time high after Q4 and 2024 results, despite a significant drop in net income and lower earnings projections for 2025.
Deere's stock price increase is driven by recent earnings results, but the significant drop in net income and lower future earnings projections may temper further gains. Investors may be cautious, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100