Is John Deere a real company?

Deere & Company ( NYSE: DE ), commonly known as John Deere, is one of the world's largest manufacturers of agricultural machinery, mowing equipment, heavy equipment, and forestry machinery. The company was founded in 1837 and has since grown into a financial monolith with a current market capitalization of over $100 billion.

How much money does John Deere make?

John Deere, which manufactures agricultural machinery, heavy equipment, diesel engines and lawn mowers. It was founded in 1837 and is said to have made 61.25 billion USD in the year 2023. John Deere officials announced that some production will be relocated from the Dubuque Works plant to a new facility in Mexico.

Should you buy John Deere & Company (Deere) in 2024?

With a potential profit rebound on the horizon for the next few years, John Deere is one of the clearest blue chip bargains on my radar for 2024. In this article, I will address why the market is currently negative on Deere & Company, and explain why I believe the stock is worth adding to a long-term portfolio this year.