NASDAQ:KROP - Nasdaq - US37954Y1780 - ETF - Currency: USD
Deere & Company (NYSE: DE) saw an increase in price forecast after reporting second quarter results, with strong net sales and revenue despite tariffs.
Deere & Co (DE) shares rise on Q2 beat, despite 16% sales decline. FY25 net income expected to be $4.75-$5.50B. Goldman Sachs maintains Buy rating and $583 price forecast. Investors can gain exposure through VEGI and KROP ETFs. DE shares up 4.95% at $522.15.
If you’re looking for agriculture stocks to buy, those involved in precision agriculture should be at the top of your list.
Agritech stocks haven’t performed well in 2023, which is surprising considering they’re generating significant sales and profit growth.
The Russia-Ukraine War should keep fertilizer and food prices high for many months to come, benefiting agricultural stocks.
These recently-launched ETFs offer diversification as well as the opportunity to benefit from the emerging industries and trends.