The Rising Influence of Rising Affluence

[DewDiligence]

DE raises_FY2021_guidance_AGAIN—expects_profit_of_$5.3-5.7B—(up_from $4.6-5.0B_three_months_ago and $3.6-$4.0B guidance six months ago!):

https://finance.yahoo.com/news/deere-raises-forecast-profit-more-102753191.html

For related info, please see #msg-161984736 and #msg-161353722 (which are themselves related).

Despite a recent dip, DE is +33% in calendar 2021 and has nearly tripled from its 12-month low.

In the portfolios I manage that contain DE, the position is up more than 1200% (not including dividends) since inception 12 years ago.

DE’s own FY2Q21 PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2021/q2/2Q_2021_News-Release-and-Financials.pdf

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2021/q2/2Q_2021_Earnings-Call-Presentation.pdf