Deere & Company (NYSE:DE) is one of the stocks on Jim Cramer’s game plan for the week. Cramer finished his game plan with the stock and stated:
“Finally, on Wednesday, we have John Deere with a stock that seems like it’s made of Teflon. Farming’s a tough and necessary business, so our government has historically been willing to subsidize them through difficult times. No farmer wants a bad harvest, but if it’s bad enough, they’ll get a benefit from the government, and that money often ends up being spent on farm equipment, meaning Deere. Many commodity prices have plummeted in the last few weeks. I want to know the impact… [on] sales. Let’s do this. I believe that you’ll be able to buy shares in Deere after the quarter without missing too much of the upside, but there’s no reason to jump the gun.”
Pixabay/Public Domain
Deere & Company manufactures farming, turf, construction, and forestry equipment, along with the parts and tools that support those machines.
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This article is originally published at Insider Monkey.