Deere

CNBC's Jim Cramer on Thursday urged investors to purchase shares of Deere at the start of the next trading session."I've told you to buy Deere all year. Liked it even more when Russia invaded Ukraine, because …  it's created a powerful bull market in all things agriculture," the "Mad Money" host said. "This is a textbook real company that makes real stuff and sells it at a profit, with a reasonable valuation," he added."You can now get its stock for just 15.5 times earnings, which I just think is absurd. So, you've got my…

Microsoft Corp. MSFT 0.79% cut sales and earnings guidance for the current quarter, citing the impact of foreign exchange rates as the stronger U.S. dollar takes a toll. Newsletter Sign-up The 10-Point. A personal, guided…

Interest is growing in alternative fuel sources for tractors that help sidestep heavy diesel pollution, and given its widespread use as agricultural fertilizer, ammonia might just be a prime candidate. Brooklyn-based startup Amogy has broken important new ground in this area, fitting its zero-emissions energy system to a John Deere tractor to make the first ever tracks as an ammonia-powered heavy duty vehicle.We've seen a number of interesting vehicle concepts aimed at cutting into the pollution created by tractors. This…

The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada.Patrick T. Fallon | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Deere — The stock plummeted 11.4% after Deere reported a miss on revenue but a beat on profit in the recent quarter. The equipment maker reported earnings per share of $6.81 on revenues of $12.03 billion. Analysts expected $6.71 per share on $13.2 billion in revenue.Palo…

Deere & Co. DE -1.10% posted higher sales and profit in its fiscal second quarter on strong demand for its farm and construction equipment, even as the company confronts supply-chain challenges and inflation weighs on American farmers. Chief Executive John May said that supply-chain pressures disrupted production levels and deliveries during the quarter and that the company is working with suppliers…

John Deere is announcing the acquisition of a state-of-the-art algorithm package from artificial intelligence startup Light. For those of you wondering when driverless vehicles will truly begin to make their mark on society, the answer is: today. Up front: No, you won’t be seeing green tractors rolling themselves down city streets anytime soon. But the timeline for fully autonomous farming is being massively accelerated. Today’s purchase is all about John Deere’s need for speed — and accuracy,…