As Deere & Company‘s (NYSE: DE) fiscal year 2016 has progressed, its management has lowered full-year earnings and cash flow forecasts. Moreover, competitors such as Caterpillar Inc. (NYSE: CAT) in construction machinery and AGCO Corporation (NYSE: AGCO) are both seeing weakening conditions. That said, all of the stocks mentioned are outperforming the S&P 500 on a year-to-date basis as I write.
What’s going on with Deere in 2016, and does it’s poor relative performance mean it’s time to buy the stock?