"Deere: Buy or Sell?" (DE)

There's no reason to mess with implement makers as long as the corn chart looks like this:

Corn under four bucks does not inspire farmers to open the checkbook for big-ticket items.
From Barron's Stocks to Watch:

Deere (DE) me.

Shares of Deere have dropped more than 1% today despite the maker of farm equipment’s better-than-expected third-quarter earnings release today. The reason: Deere lowered its full year forecast thanks to a sluggish agricultural market.

Deere reported a third-quarter profit of $2.33, beating forecasts for $2.20, but said its sales would come in around $7.9 billion during the fourth quarter, below forecasts for $8.1 billion. It also said it would earn about $3.1 billion during 2014, down from a previous forecast for $3.3 billion.
Janney’s Ryan Connors tries to figure out what to do with Deere’s shares:

Overall, it was a solid quarter for Deere in light of the well documented headwinds in the ag sector, with the report showcasing clean execution, capable financial management, and the benefits of portfolio diversity....

...MORE
$85.65 last, off 0.83.
Wheat (seen in the picture) hasn't been doing so hot either:

Both charts from FinViz