Diamonds and Dogs


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.

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