With Profits Set to Quadruple from Five Years Ago, Are Investors Making a Mistake by Selling This Explosive Dividend Stock?
Since reporting excellent earnings and raising its full-year guidance on Aug. 18, Deere (NYSE: DE) stock is down 6.9%. The move may come as a surprise given Deere's upbeat report. However, the sell-off is likely due to fears of an industrywide slowdown in agriculture after a multiyear growth cycle.
Let's take a look at the blue chip stock to see if the sell-off was warranted or if Deere is worth buying now.
Source Fool.com