Best Stocks: What to do with two 'Best Stock' names that are failing
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
Market Overview: The article discusses the current state of "The Best Stocks in the Market" list, highlighting 142 stocks and emphasizing the importance of market breadth as a measure of overall investor confidence and market health.
Stock Analysis: It focuses on two specific stocks, Expand Energy Corp (EXE) and Deere & Co (DE), both of which have recently broken below their 50-day moving averages, indicating potential risks and the need for careful monitoring before making investment decisions.
Analyst Views on DE
Wall Street analysts forecast DE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DE is 511.31 USD with a low forecast of 440.00 USD and a high forecast of 609.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 515.040
Low
440.00
Averages
511.31
High
609.00
Current: 515.040
Low
440.00
Averages
511.31
High
609.00
About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
