ETFs in Focus as Deere Beats on Q1 Earnings, Cuts View
DEJohn Deere(DE) Zacks Investment Research·2024-02-17 01:11

Deere & Co (DE) , the world’s largest agricultural equipment maker under the iconic John Deere brand, reported robust first-quarter fiscal 2024 results, beating earnings and revenue estimates. However, Deere slashed its annual profit outlook, sending its shares down 5.2% on Feb 15. Notably, the stock fell the most in nearly three months. This has put ETFs with the largest allocation to this farm equipment giant in focus. These funds include iShares MSCI Agriculture Producers ETF (VEGI) , Global X AgTech & F ...