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NYSE:DE
With agricultural commodity prices roaring, Deere is one to look at it. There used to be many farm equipment stocks, but now there are few, so there's a scarcity of stocks in this industry. The best of breed like Deere are rallying as investors expect a coming boom. Deere's last quarters have been strong from rising commodity prices and management keeps raising guidance. DE is up 38% YTD and is selling at 23x earnings. It's trading like a Facebook and more expensive than that. That's fine, because there's a scarcity of farm equipment names. Deere has been buying back a lot of its shares.
Classic stock for this kind of environment. Leadership in the recovery includes industrials and basic materials. He also owns CAT.