Is Deere the Apple of Agriculture?
When Deere & Company (NYSE: DE) was founded in 1837, Andrew Jackson was president, Texas was its own country, and the Civil War was decades away from starting. When Apple (NASDAQ: AAPL) was founded in 1976, mankind had been on the moon, and the Vietnam War was finally over.
Despite their historical differences and being in starkly contrasting industries, Deere and Apple have more in common as investments than you may realize. Both companies are the leaders in their respective industries and charge top dollar for their premium products. At their core, both companies make hardware, whether that's consumer electronics or equipment and machinery. But they also make software and are investing heavily in engaging with customers even after they purchase new products through aftermarket services.
Here's why Deere is the Apple of agriculture, and why it could be a great stock to buy now.
Source Fool.com
