Jim Cramer Is Watching Deere and VF Earnings on Friday

TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on quarterly financial results from Deere & Company (DE) and VF Corp (VFC), which are both released on Friday before the markets open. Analysts expect the Moline, Illinois-based tractor maker to post first quarter fiscal 2016 earnings per share of $0.70 on sales of $4.94 billion. During the same quarter last year, the company reported earnings of $1.12 on sales of $5.6 billion. ‘Deere is not doing that well, but the stock is signaling that things are up,’ Cramer said. ‘Food deflation that Walmart (WMT) talked about is very bad for agriculture. I think that Deere has had quite a run and I’m not sure I want to be in there.' Cramer would rather be in Duluth, Georgia-based AGCO Corporation (AGCO), a rival to Deere, which he said is much cheaper. Deere’s stock is up just over 11 percent since its recent low on Jan. 25. Since the start of the year, the stock is up 4.4 percent, while the broad S&P 500 lost 5.9 percent. AGCO shares gained 4.8 percent year-to-date.