TWI - Deere leads farm-related stocks lower after strong YTD run

Deere (DE) closed -2.6% lower today after falling as much as 5%, capping a nearly 7% decline this week after jumping 43% YTD through Friday's close."Investors are just concerned that things are as good as they are going to get," BMO analyst Joel Tiss tells Bloomberg, adding that he expects a strong FQ2 report this Friday.Tiss downgraded Deere shares last week, saying "supply chain and inflationary pressures may put a lid on greater gains in fiscal 2021."Other farm equipment and agriculture related stocks also fell today, including [[DAR]] -6.2%, [[AGCO]] -5%, [[CNHI]] -3.3%, [[TWI]] -2.4%, [[LNN]] -1.1%.Ag machinery names have enjoyed a strong YTD run, "so perhaps this is just a case of investors trimming some of their gains," Edward Jones analyst Matt Arnold tells Bloomberg, remaining positive on Deere and seeing the recent weakness as a buying opportunity for long-term investors.Deere is "the undervalued future Tesla of agriculture," Colin Lea

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Deere leads farm-related stocks lower after strong YTD run