$DE

Stocks rebounded Thursday, with the Dow, S&P 500, and Nasdaq rising 0.6%, 1.1%, and 1.7% respectively, after the Fed's rate hike. Nvidia (NVDA) gained 2.5% on AI demand, while Ciena (CIEN) rose 1.1% on strong revenue growth outlook. Generac (GNRC) surged 18.3% after a deal with Amazon (AMZN). Treasury yields and oil prices declined.

John Deere launched JD, an AI assistant for farmers to analyze data like fuel use and yields. The company emphasizes farmer control over data. Farm Action reports that equipment manufacturers are expanding into software and data systems, raising competition concerns. Deere's dominance in equipment is already under antitrust scrutiny.

The global agricultural machinery market is near a cyclical bottom, with recovery expected to vary by region and equipment size. John Deere reports a 6% decline in large equipment sales but a 12% increase in small machinery. AGCO and CNH expect an L-shaped recovery, with dealer inventory normalization preceding demand recovery. North America and Brazil face challenges, while India and Asia show structural growth. Key companies mentioned include AGCO, CNH, John Deere, and Kubota.

Deere (DE) reported Q2 revenue and earnings exceeding estimates, driven by strong demand, cost control, and product mix. Analysts expect earnings to reach $10.2b by 2029, with revenue projected at $48.8b. The company's performance contrasts with mixed results from peers, highlighting its execution in a cautious sector. Key risks include farmer sentiment and financing costs. Deere's management will discuss these factors at the Morgan Stanley Laguna Conference on September 15, 2026.

Caterpillar (CAT) fell 4% to $783.15, while Deere (DE) rose 1% to $684.25. CAT's decline is attributed to concerns about AI data center power demand, despite its $72 billion backlog. DE and Paccar (PCAR) showed minimal movement. CAT's drop led the industrial sector lower, with XLI ETF down 2%.

Deere and Company reported Q3 2026 net income of $1.379 billion ($5.10 per share), up from $1.289 billion ($4.75 per share) in Q3 2025. Nine-month net income was $3.808 billion ($14.06 per share), down from $3.962 billion ($14.57 per share). Sales rose 5% to $12.608 billion in Q3 and 7% to $35.589 billion for nine months. The company forecasts full-year 2026 net income of $4.75B-$5B. Production and precision agriculture sales decreased 6% in Q3.

John Deere plans to introduce new large-frame 6R tractor models in 2027, according to Anne Anderson, the company's go-to-market manager. The new models will feature 110-inch and 114-inch wheel bases and are designed for livestock operations and row crop applications. The announcement was made at the 2026 Farm Progress Show in Iowa.

U.S. stock futures fell early Monday due to tariff uncertainty and Iran tensions. Nasdaq, S&P 500, and Dow futures declined 0.5%-0.6%. Nvidia's earnings, Netflix's board controversy, and Honeywell's acquisition are in focus. Precious metals rose, with gold above $5,100 and silver near $88/oz.

Deere & Co. (DE) stock reached an all-time high above $700 per share, up 10% since last Friday. The company raised its full-year net income guidance by $250 million after a strong fiscal third-quarter report. CEO John May expects 2026 to mark the bottom of the current ag equipment cycle. Analyst Mircea Dobre anticipates a 15% upside to $800 per share due to an impending recovery cycle in the agricultural equipment sector.

ECHO launched light towers compatible with its generators, expanding its jobsite power market. Volvo CE began producing excavators and wheel loaders in the US, investing $1.4B since 2007. Deere's $99M right-to-repair settlement for agricultural equipment is underway, with payments based on dealer labor hours.