Description: U.S. tractor maker Deere & Co (DE.N 4.12%) forecast strong earnings on Wednesday for the coming fiscal year as it reported fourth-quarter results that exceeded analyst expectations amid improving demand for farm machinery. Shares of the Moline, Illinois company known for its trademark green tractors rose five per cent in premarket trading and were on track to open at a record high.
Source: BNN.ca – video report
Date: Nov 22, 2017
Questions for discussion:
- What was explanation for the bump up in the company’s share price?
- Do you think the stock price will continue to increase over the next year or two?
- How should investors treat the stock going forward?