U.S. markets close in 22 minutes
  • S&P 500

    3,795.77
    +4.84 (+0.13%)
     
  • Dow 30

    30,375.71
    +59.39 (+0.20%)
     
  • Nasdaq

    11,179.97
    +3.57 (+0.03%)
     
  • Russell 2000

    1,766.61
    -9.15 (-0.52%)
     
  • Crude Oil

    87.74
    +1.22 (+1.41%)
     
  • Gold

    1,725.80
    -4.70 (-0.27%)
     
  • Silver

    20.69
    -0.41 (-1.94%)
     
  • EUR/USD

    0.9894
    -0.0092 (-0.92%)
     
  • 10-Yr Bond

    3.7590
    +0.1420 (+3.93%)
     
  • GBP/USD

    1.1347
    -0.0128 (-1.11%)
     
  • USD/JPY

    144.5140
    +0.3150 (+0.22%)
     
  • BTC-USD

    20,214.52
    +108.17 (+0.54%)
     
  • CMC Crypto 200

    458.46
    +0.05 (+0.01%)
     
  • FTSE 100

    7,052.62
    -33.84 (-0.48%)
     
  • Nikkei 225

    27,120.53
    +128.32 (+0.48%)
     

A Slight Earnings Dry Spell Shouldn't Spoil This Stock's Growth

·2 min read
A Slight Earnings Dry Spell Shouldn't Spoil This Stock's Growth

Following the company's mixed July-quarter earnings report, our shares of agriculture equipment company Deere & Co. are down ever so slightly Friday, more than likely due to the robust backlog reported by the company and prospects for further improvement in both supply chain issues, production volumes and pricing realization in the coming quarters. Other costs that weighed on profitability were elevated material and freight costs.