We recently published 8 Stocks Jim Cramer Discussed As He Dismissed Value Stocks. Deere & Company (NYSE:DE) is one of the stocks Jim Cramer recently discussed.
Deere & Company (NYSE:DE)’s shares have gained 12.8% year-to-date primarily on the back of strong earnings reports. For instance, the shares jumped by 6.8% in May after the firm’s fiscal second-quarter earnings report beat revenue and EPS estimates by a wide margin. During the quarter, Deere & Company (NYSE:DE) posted $12.76 billion in revenue and $6.64 in EPS while analysts were expecting $12.37 billion and $5.60. However, the shares dipped by 6.8% in August after the firm warned that it could take a $600 million hit from tariffs. Cramer praised the quality of Deere & Company (NYSE:DE)’s products:
“[On not being able to break the 200-day average since April] Well Deere misses the quarter and goes up. I mean, as someone who has a Deere, you know, your 40 year old Deere is almost as good as a 30 year old Deere and your 50 year old Deere is, I mean it is a remarkable company. I think until you have, you buy their stuff, you don’t really get an idea of how amazing they really are. They’re just, somethings are about quality. And Deere’s the best in the world.”
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Previously, Cramer commented on Deere & Company (NYSE:DE)’s performance in the context of AgCo:
“I do think that Deere, I thought that might be a bounce back. Because we had AgCo on last night. And AgCo was being very, very positive. . .but AgCo’s not as US-centric. It is a mystery to me that Deere’s down this much given the fact that inventories don’t seem to be a problem. And given the fact that AgCo, its principle competitor, just is crushing it, crushing.
“Deere has lost you more money by listening to Deere than almost any company I know. I mean, I once wrote up that I thought that Deere, if. they could just for once be proud of themselves and happy, but no they can’t. And I may suggest that the CFO, there are a couple of things that could really help. Xanax, I would take two, maybe three, don’t go for the Klonopin you’ll fall asleep in the middle of the call.”
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Disclosure: None. This article is originally published at Insider Monkey.
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