Caterpillar, Deere inventories in focus as machinery demand plateaus
Posted on Wednesday April 24, 2024

Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring demand prompted dealers to bulk up on tractors, combines and construction equipment, U.S. machinery makers are now seeing a moderation in product stocking at dealers, forcing them to tighten their inventories. "I do think inventories are going to be the most important data point ... whether it's construction equipment, mining, or agricultural, just at what level are those inventories at the retail channel?" said Oppenheimer analyst Kristen Owen.

Deere Peer CNH Announces CEO Departure. The Stock Is Falling.
Posted on Monday April 22, 2024

Chief Executive Scott Wine is leaving the maker of agricultural machinery after three years at the helm.

Questor: Ignore the recent dip – investors could harvest great returns from this agricultural stock
Posted on Sunday April 21, 2024

To some investors, buying an agricultural stock in a digital age might seem a bit pedestrian. Perhaps they should try climbing into the cab of a John Deere tractor.

Deere (DE) Stock Moves -0.07%: What You Should Know
Posted on Friday April 19, 2024

In the most recent trading session, Deere (DE) closed at $400.32, indicating a -0.07% shift from the previous trading day.