Deere & Company (NYSE:DE) shares have been rising since the start of this year despite falling sales and earnings. DE’s share price spiked almost 21% over the last eleven months, supported by improvement in commodity prices. Deere’s stock price also experienced a solid support from its third quarter results and Donald Trump’s win.
Trump’s strategy of making changes in energy, climate, and tax policies could benefit Deere’s future fundamentals. In addition, traders are excited over the Trump’s aggressive infrastructure and transportation policies.
However, some bearish analyst sees the recent rally in DE’s stock price as a strong selling opportunity. Following a rally of more than 11% in the