Bellwether Stock Pops, Guides ‘Another Strong Year’ After Profits Jump
Deere (DE) gave a strong outlook for 2023 early Wednesday after beating earnings and revenue estimates for its fourth quarter, despite supply headwinds. DE stock broke out of a buy zone. X Deere, an industry indicator, benefited from farm equipment prices constrained to record highs by parts shortages, as well as higher crop prices. These …
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