Diamonds and Dogs

5/21/21

Deere (DE) shines. The farm machine and construction equipment company is up 2% as demand returns following the pandemic. Quarterly profits surged 169%, however Deere did mention supply-chain pressures will remain high the remainder of the year.

V.F. Corp (VFC) is down 7% following earnings. VFC missed estimate as sales rose 22.8% year over year to $2.58 billion. VFC raises guidance as the company continues to reopen stores. 20% of their outposts in Europe-Middle East-Africa region are still closed. Direct-to-consumer revenue is expected to increase between 38 percent and 40 percent, including Digital revenue growth of between 29 percent and 31 percent. Adjusted cash flow from operations is expected to exceed $1.0 billion.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.