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Here's Why Deere Is a No-Brainer Machinery Stock


Everyone knows it's been a rough year on Wall Street. Major indexes like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are likely to close out 2022 in the red.

Yet, there is a stock that has delivered a 26% year-to-date return, and, better yet, it's poised to repeat that performance in 2023. The stock is Deere & Company (NYSE: DE), and here's why it's a no-brainer buy heading into the new year.

Image source: Getty Images.

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Source Fool.com

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