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The Agriculture - Operations industry remains susceptible, as commodity price inflation hits the profits of participants. Companies like ADM, CTVA, AGRO and DOLE stand to gain on solid product portfolios and innovation plans.
Deere & Co (DE) reported robust fourth-quarter fiscal 2023 results, beating estimates on both counts. It provided disappointing outlook for fiscal 2024 profits amid concerns about slowing equipment demand.
The Manufacturing - Farm Equipment industry stocks Deere (DE), AGCO Corp (AGCO) Alamo Group (ALG) and Titan International (TWI) are set to gain from improving farm income, commodity prices and investment in technology.
The Manufacturing - Farm Equipment industry stocks Deere (DE), Kubota (KUBTY), AGCO Corp (AGCO) and Titan International (TWI) are set to gain from improving farm income, commodity prices and investment in technology.