Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. The company was founded in 1837 and is headquartered in Moline, Illinois.

Deere & Company

In trading on Friday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $483.72, changing hands as high as $484.90 per share. Deere & Co. shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $403.01 per share, with $533.78 as the 52 week high point — that compares with a last trade of $484.37. The DE DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
Also see:
Stock Buybacks
EQC Options Chain
OPXS Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Deere (DE) Shares Cross Above 200 DMA

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Industrial Select Sector SPDR ETF (Symbol: XLI) where we have detected an approximate $538.4 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 157,926,000 to 161,376,000). Among the largest underlying components of XLI, in trading today Boeing Co. (Symbol: BA) is up about 1.2%, Union Pacific Corp (Symbol: UNP) is down about 1.1%, and Deere & Co. (Symbol: DE) is up by about 1.8%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $112.75 per share, with $156.985 as the 52 week high point — that compares with a last trade of $156.84. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
Top Ten Hedge Funds Holding ELEC
Institutional Holders of MCGC
GLOG Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: XLI, BA, UNP, DE

Fintel reports that on December 9, 2025, Jefferies maintained coverage of Deere (NYSE:DE) with a Hold recommendation.
Analyst Price Forecast Suggests 12.56% Upside
As of December 5, 2025, the average one-year price target for Deere is $524.93/share. The forecasts range from a low of $444.40 to a high of $642.60. The average price target represents an increase of 12.56% from its latest reported closing price of $466.35 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 49,480MM, an increase of 8.31%. The projected annual non-GAAP EPS is 32.60, a decrease of 1.49% from the prior forecast.
What is the Fund Sentiment?
There are 3,419 funds or institutions reporting positions in Deere. This is an decrease of 93 owner(s) or 2.65% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.40%, an increase of 6.60%. Total shares owned by institutions decreased in the last three months by 2.88% to 227,811K shares. The put/call ratio of DE is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 11,347K shares representing 4.20% ownership of the company. In its prior filing, the firm reported owning 11,258K shares , representing an increase of 0.78%. The firm decreased its portfolio allocation in DE by 91.23% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,293K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 8,145K shares , representing an increase of 1.79%. The firm decreased its portfolio allocation in DE by 1.58% over the last quarter.
Price T Rowe Associates holds 7,534K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 6,936K shares , representing an increase of 7.94%. The firm decreased its portfolio allocation in DE by 7.75% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 7,164K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 7,037K shares , representing an increase of 1.77%. The firm decreased its portfolio allocation in DE by 2.02% over the last quarter.
Capital World Investors holds 6,234K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 5,911K shares , representing an increase of 5.17%. The firm decreased its portfolio allocation in DE by 10.88% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Jefferies Maintains Deere (DE) Hold Recommendation

For Immediate Release
Chicago, IL – November 28, 2025 – Today, Zacks Equity Research discusses AGCO Corp. AGCO, Lindsay LNN, Deere & Company DE, CNH Industrial CNH.
Industry: Farm Equipment
Link: https://www.zacks.com/commentary/2795661/2-farm-equipment-stocks-worth-watching-amid-industry-challenges
Despite weak commodity prices marring the near term outlook of the Zacks Manufacturing - Farm Equipment industry, it will benefit from increased agricultural equipment demand to meet the food requirements of a growing population. AGCO Corp. and Lindsay are well-poised to capitalize on this demand, backed by their efforts to grow their products.
Focusing on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is expected to be another major catalyst. These players, along with others like Deere & Company, CNH Industrial, are investing heavily in upping their technology game.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers and mowers.
Some companies in the industry produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. Deere, Kubota and CNH Industrial are presently the top three global manufacturers of agricultural equipment (in that order).
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Low Commodity Prices Projections are Concerning: Per the latest projections from the U.S. Department of Agriculture, net farm income is set to reach $179.8 billion in 2025. (slightly below earlier estimate of $180.1 billion). The figure suggests a 40.7% increase from the prior year. In inflation-adjusted terms, net farm income is forecast to increase 37.2%. However, much of this growth reflects a $30.4 billion increase in direct government farm payments to $40.5 billion for 2025.
Meanwhile, crop receipts are anticipated to decline 2.5% (previous expectation was 2.3%) from the prior year due to lower revenues for soybeans, corn and wheat. This will be offset by an 11.2% increase in animal and animal products receipts. Production expenses are also expected to move up 2.6%, leading to more pressure on farmers.
Demand for Food to Fuel the Industry: Despite the ongoing volatility in commodity prices and lower crop receipts, agricultural equipment demand will continue to be supported by increased global demand for food, stemming from population growth and an increasing proportion of the population aspiring for better living standards. With farm sizes increasing, there is a greater need for labor, but escalating labor costs are prompting farmers to turn to mechanization. Additionally, subsidies on agricultural machinery purchases are enabling even small-scale farmers to invest in equipment.
Pricing, Cost-Cutting Actions to Boost Margins: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. However, the industry players have recently been reporting improvements in the supply chain. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins.
Technologically Advanced Machinery Gaining Popularity: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs and sustainability benefits.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #220, which places it at the bottom 9% of 243 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Despite the bleak near-term prospects of the industry, we will present a few Manufacturing - Farm Equipment stocks that can be retained in one’s portfolio. It is worth taking a look at the industry’s stock-market performance and valuation picture before that.
Industry vs. Broader Market
The Zacks Manufacturing - Farm Equipment industry has outperformed its sector but lagged the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 11% in the past 12 months compared with the S&P 500’s growth of 16.5%. The Industrial Products sector has risen 3.7% in the said time frame.
Industry's Current Valuation
On the basis of the trailing EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 25.38X compared with the S&P 500’s 18.25X. The Industrial Products sector’s trailing 12-month EV/EBITDA is 24.41X.
Over the last five years, the industry traded as high as 28.39X and as low as 14.08X, the median being 19.68X.
2 Manufacturing - Farm Equipment Stocks to Keep an Eye on
AGCO: The company has been gaining from increasing replacement demand for old equipment. It has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings.
These efforts and the company’s cost-control measures have driven margin expansion over the past few quarters. AGCO is focusing on strategic transformation. It intends to streamline and focus its portfolio of agricultural machinery and precision agriculture technology solutions.
Last year, it completed the largest agricultural technology deal in history to create the PTx Trimble joint venture, which was merged with its Precision Planting business to form PTx. It boasts an industry-leading portfolio of mixed fleet, precision agricultural technologies and solutions, boosting its competitive edge and long-term prospects.
AGCO has an estimated long-term earnings growth rate of 12.6%. The consensus estimate for AGCO’s 2025 earnings has moved up 4% in the past 60 days. It has a trailing four-quarter earnings surprise of 327.7%, on average. This Duluth, GA-based company currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lindsay: The company reported 11% growth in revenues in fiscal 2025 (ended Oct. 31, 2025) on higher irrigation and infrastructure revenues. The company also reported record earnings per share of $6.78. Earlier this year, it acquired a 49.9% minority interest in Pessl Instruments GmbH. This will help accelerate innovations in water management and increase LNN’s global reach.
Project opportunities in developing international irrigation markets continue to be robust, driven by food security and water scarcity concerns. The company is also well-positioned to gain from demand for its Road Zipper System, which is gaining popularity globally for its faster implementation and lower costs for constructing lanes. Lindsay continues to maintain a robust balance sheet and capital allocation is focused on delivering value to shareholders while investing in growth opportunities and innovation.
The Zacks Consensus Estimate for the Omaha, NE-based company’s fiscal 2025 earnings has moved up 1% over the past 60 days. LNN has a trailing four-quarter earnings surprise of 18.1%, on average. It currently carries a Zacks Rank of 3.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zacks Industry Outlook Highlights AGCO, Lindsay, Deere & Company and CNH

Shares of Deere & Co. (DE) tumbled 5.7% after reporting fourth-quarter fiscal 2025 adjusted earnings of $3.93 per share, missing the Zacks Consensus Estimate of $3.96 per share.
HP Inc.’s (HPQ) shares fell 1.4% after the company reported fourth-quarter fiscal 2025 revenues of $14,639 million, lagging the Zacks Consensus Estimate of $14,972.72 million.
Nutanix Inc.’s (NTNX) shares plunged 17.8% after the company posted first-quarter fiscal 2026 revenues of $670.58 million, below the Zacks Consensus Estimate of $676.42 million.
Shares of Workday Inc. (WDAY) plummeted 7.9% after the company’s full fiscal subscription revenue guidance failed to meet market expectations.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Company News for Nov 28, 2025

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.87%. December E-mini S&P futures (ESZ25) rose +0.70%, and December E-mini Nasdaq futures (NQZ25) rose +0.89%.
Stock indexes rallied on Wednesday, with the S&P 500 posting a 2-week high and the Dow Jones Industrials and Nasdaq 100 posting 1.5-week highs. Strength in semiconductor stocks on Wednesday led the technology sector higher and lifted the overall market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Optimism about a Fed rate cut also boosted stocks heading into Thursday’s Thanksgiving Day holiday. Market sentiment has improved this week, as bond yields have fallen amid weak US economic news and dovish Fed comments, strengthening the case for a rate cut at next month’s FOMC meeting. The chance of a Fed rate cut at the December 9-10 FOMC meeting has risen to 80% from 30% last week.
Stocks also received support from today’s US economic news, which bolstered optimism about the economic outlook after weekly jobless claims unexpectedly fell to a 7-month low and Sep capital goods new orders, a proxy for capital spending, rose more than expected.
US MBA mortgage applications rose +0.2% in the week ended November 21, with the purchase mortgage sub-index up +7.6% and the refinancing mortgage sub-index down -5.7%. The average 30-year fixed rate mortgage rose +3 bp to 6.40% from 6.37% in the prior week.
US weekly initial unemployment claims unexpectedly fell -6,000 to a 7-month low of 216,000, showing a stronger labor market than expectations of an increase to 225,000.
US Sep capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +0.9% m/m, stronger than expectations of +0.3% m/m.
The US Nov MNI Chicago PMI fell -7.5 to 36.3, weaker than expectations of 43.6 and the steepest pace of contraction in 17 months.
The Fed Beige Book was mixed as it stated, "Outlooks were largely unchanged overall, with some contacts noting an increased risk of slower activity in coming months, while some optimism was noted among manufacturers."
The Bureau of Labor Statistics (BLS) canceled its October consumer price report last Friday and said the November report will be released on December 18. Last Wednesday, the BLS said it would not publish an October employment report and noted that it would incorporate those payroll figures into the November report, scheduled for publication on December 16.
The markets are discounting an 80% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 475 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 rallied to a 1-week high and closed up +1.47%. China’s Shanghai Composite closed down -0.15%. Japan’s Nikkei Stock 225 closed up +1.85%.
Interest Rates
December 10-year T-notes (ZNZ5) on Wednesday closed down by -0.5 of a tick. The 10-year T-note yield fell -0.2 bp to 3.994%. T-notes were little changed on Wednesday as strength in stocks weighed on prices. T-notes also came under pressure after US weekly initial unemployment claims unexpectedly fell to a 7-month low, a sign of labor market strength that is hawkish for Fed policy. In addition, weak demand for the Treasury’s $44 billion auction of 7-year T-notes weighed on prices, as the auction had a bid-to-cover ratio of 2.46, below the 10-auction average of 2.57. However, losses in T-notes were limited after the Nov MNI Chicago PMI fell to a 17-month low, a dovish factor for Fed policy.
European government bond yields moved lower on Wednesday. The 10-year German bund yield fell to a 1.5-week low of 2.660% and finished down -0.1 bp to 2.671%. The 10-year UK gilt yield fell to a 1.5-week low of 4.413% and finished down -7.1 bp to 4.423%.
ECB Governing Council member Boris Vujcic said risks to economic growth and inflation in the Eurozone are balanced, and "for the time being," interest rates are in a good place.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Strength in chip makers on Wednesday was a supportive factor for the overall market. Marvell Technology (MRVL) closed up more than +5% and ASML Holding NV (ASML) closed up more than +4%. Also, Advanced Micro Devices (AMD), Applied Materials (AMAT), Broadcom (AVGO), and ON Semiconductor (ON) closed up more than +3%. In addition, Micron Technology (MU), Analog Devices (ADI), Intel (INTC), Microchip Technology (MCHP), Lam Research (LRCX), and Texas Instruments (TXN) closed up more than +2%.
Urban Outfitters (URBN) closed up more than +12% after reporting Q3 net sales of $1.53 billion, better than the consensus of $1.49 billion.
Robinhood Markets (HOOD) closed up more than +10% to lead gainers in the S&P 500 after announcing it has bought a majority stake in LedgerX, a US-based derivatives exchange, giving Robinhood access to the prediction markets.
Oscar Health (OSCR) closed up more than +8% after Piper Sandler upgraded the stock to overweight from neutral with a price target of $25.
Dell Technologies (DELL) closed up more than +5% after raising its 2026 revenue forecast to $112.2 billion-$112.2 billion from a previous forecast of $105 billion-$109 billion, stronger than the consensus of $107.94 billion.
Oracle (ORCL) closed up more than +4% after Deutsche Bank said the benefits of OpenAI are not yet priced into the stock.
Boeing (BA) closed up more than +2% to lead gainers in the Dow Jones Industrials after being awarded a $2.47 billion contract from the US Air Force for 15 additional KC-46A Pegasus tankers, and after Taiwan’s China Airlines approved buying $7.852 billion of aircraft from Boeing.
Autodesk (ADSK) closed up more than +2% after reporting Q3 billings of $1.86 billion, above the consensus of $1.84 billion, and raising its 2025 billings estimate to $7.47 billion-$7.53 billion from a previous estimate of $7.36 billion-$7.45 billion, stronger than the consensus of $7.41 billion.
Ambarella (AMBA) closed down more than -19% after forecasting Q4 adjusted gross margin of 59% to 60.5%, below the consensus of 60.6%.
Nutanix (NTNX) closed down more than -17% after reporting Q1 revenue of $670.6 million, weaker than the consensus of $676.6 million, and cutting its 2026 revenue forecast to $2.82 billion-$2.86 billion from a previous forecast of $2.90 billion-$2.94 billion, well below the consensus of $2.92 billion.
Zscaler (ZS) closed down more than -12% to lead losers in the Nasdaq 100 after forecasting 2026 revenue of $3.28 billion-$3.30 billion, only slightly above the consensus of $3.28 billion.
Workday (WDAY) closed down more than -7% to lead losers in the S&P 500 after reporting Q3 subscription revenue of $2.24 billion, right on consensus.
Deere & Co. (DE) closed down more than -5% after forecasting 2026 net income of $4.00 billion to $4.75 billion, well below the consensus of $5.31 billion.
Salesforce (CRM) closed down more than -2% to lead losers in the Dow Jones Industrials after Citigroup cut its price target on the stock to $253 from $276.
HP Inc (HPQ) closed down more than -1% after forecasting 2026 adjusted EPS of $2.90 to $3.20, weaker than the consensus of $3.32.
Earnings Reports(11/28/2025)
Compass Diversified Holdings (CODI), Nordic American Tankers Ltd (NAT), SR Bancorp Inc (SRBK).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tech Stocks Lead the Overall Market Higher

The S&P 500 Index ($SPX) (SPY) today is up by +0.49%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.54%. December E-mini S&P futures (ESZ25) are up +0.52%, and December E-mini Nasdaq futures (NQZ25) are up +0.59%.
Stock indexes are moving higher today, with the S&P 500 and Dow Jones Industrials posting 1.5-week highs. Strength in semiconductor stocks today is lifting the overall market. Stocks fell back from their best levels today after the Nov MNI Chicago PMI fell more than expected to a 17-month low.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Optimism about a Fed rate cut is also boosting stocks heading into Thursday’s Thanksgiving Day holiday. Market sentiment has improved this week, as bond yields have fallen amid weak US economic news and dovish Fed comments, strengthening the case for a rate cut at next month’s FOMC meeting. The chance of a Fed rate cut at the December 9-10 FOMC meeting has risen to 81% from 30% last week.
Stocks also received support from today’s US economic news, which bolstered optimism about the economic outlook after weekly jobless claims unexpectedly fell to a 7-month low and Sep capital goods new orders, a proxy for capital spending, rose more than expected.
US MBA mortgage applications rose +0.2% in the week ended November 21, with the purchase mortgage sub-index up +7.6% and the refinancing mortgage sub-index down -5.7%. The average 30-year fixed rate mortgage rose +3 bp to 6.40% from 6.37% in the prior week.
US weekly initial unemployment claims unexpectedly fell -6,000 to a 7-month low of 216,000, showing a stronger labor market than expectations of an increase to 225,000.
US Sep capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +0.9% m/m, stronger than expectations of +0.3% m/m.
The US Nov MNI Chicago PMI fell -7.5 to 36.3, weaker than expectations of 43.6 and the steepest pace of contraction in 17 months.
The Bureau of Labor Statistics (BLS) canceled its October consumer price report last Friday and said the November report will be released on December 18. Last Wednesday, the BLS said it would not publish an October employment report and noted that it would incorporate those payroll figures into the November report, scheduled for publication on December 16.
The markets are discounting an 80% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 475 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up +1.03%. China’s Shanghai Composite closed down -0.15%. Japan’s Nikkei Stock 225 closed up +1.85%.
Interest Rates
December 10-year T-notes (ZNZ5) today are down by -5 ticks. The 10-year T-note yield is up +1.9 bp to 4.015%. Today’s strength in stocks is weighing on T-note prices. Also, supply pressures are negative for T-notes, as the Treasury will auction $44 billion of 7-year T-notes to conclude this week’s $211 billion in T-notes and floating-rate note auctions. T-notes also came under pressure after US weekly initial unemployment claims unexpectedly fell to a 7-month low, a sign of labor market strength that is hawkish for Fed policy. However, T-notes recovered from their worst level after the Nov MNI Chicago PMI fell to a 17-month low, a dovish factor for Fed policy.
European government bond yields are mixed. The 10-year German bund yield rebounded from a 1.5-week low of 2.660% and is up +0.6 bp to 2.678%. The 10-year UK gilt yield fell to a 1.5-week low of 4.419% and is down -6.1 bp to 4.433%.
ECB Governing Council member Boris Vujcic said risks to economic growth and inflation in the Eurozone are balanced, and "for the time being," interest rates are in a good place.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Strength in chip makers is a supportive factor for the overall market. ASML Holding NV (ASML) is up more than +4% and Marvell Technology (MRVL) is up more than +3%. Also, Micron Technology (MU), Advanced Micro Devices (AMD), Analog Devices (ADI), and Intel (INTC) are up more than +2%. In addition, Nvidia (NVDA), ARM Holdings Plc (ARM), Applied Materials (AMAT), Microchip Technology (MCHP), Lam Research (LRCX), ON Semiconductor (ON), and Texas Instruments (TXN) are up more than +1%.
Urban Outfitters (URBN) is up more than +12% after reporting Q3 net sales of $1.53 billion, better than the consensus of $1.49 billion.
Oscar Health (OSCR) is up more than +8% after Piper Sandler upgraded the stock to overweight from neutral with a price target of $25.
Robinhood Markets (HOOD) is up more than +7% to lead gainers in the S&P 500 after announcing it has bought a majority stake in LedgerX, a US-based derivatives exchange, giving Robinhood access to the prediction markets.
Oracle (ORCL) is up more than +4% after Deutsche Bank said the benefits of OpenAI are not yet priced into the stock.
Dell Technologies (DELL) is up more than +3% after raising its 2026 revenue forecast to $112.2 billion-$112.2 billion from a previous forecast of $105 billion-$109 billion, stronger than the consensus of $107.94 billion.
Boeing (BA) is up more than +2% to lead gainers in the Dow Jones Industrials after being awarded a $2.47 billion contract from the US Air Force for 15 additional KC-46A Pegasus tankers, and after Taiwan’s China Airlines approved buying $7.852 billion of aircraft from Boeing.
Autodesk (ADSK) is up more than +2% after reporting Q3 billings of $1.86 billion, above the consensus of $1.84 billion, and raising its 2025 billings estimate to $7.47 billion-$7.53 billion from a previous estimate of $7.36 billion-$7.45 billion, stronger than the consensus of $7.41 billion.
Nutanix (NTNX) is down more than -17% after reporting Q1 revenue of $670.6 million, weaker than the consensus of $676.6 million, and cutting its 2026 revenue forecast to $2.82 billion-$2.86 billion from a previous forecast of $2.90 billion-$2.94 billion, well below the consensus of $2.92 billion.
Ambarella (AMBA) is down more than -14% after forecasting Q4 adjusted gross margin of 59% to 60.5%, below the consensus of 60.6%.
Zscaler (ZS) is down more than -11% to lead losers in the Nasdaq 100 after forecasting 2026 revenue of $3.28 billion-$3.30 billion, only slightly above the consensus of $3.28 billion.
Workday (WDAY) is down more than -10% to lead losers in the S&P 500 after reporting Q3 subscription revenue of $2.24 billion, right on consensus.
Deere & Co. (DE) is down more than -5% after forecasting 2026 net income of $4.00 billion to $4.75 billion, well below the consensus of $5.31 billion.
Salesforce (CRM) is down more than -2% to lead losers in the Dow Jones Industrials after Citigroup cut its price target on the stock to $253 from $276.
HP Inc (HPQ) is down more than -2% after forecasting 2026 adjusted EPS of $2.90 to $3.20, weaker than the consensus of $3.32.
Earnings Reports(11/26/2025)
Deere & Co (DE).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Climb on Hopes of Lower Interest Rates

Despite weak commodity prices marring the near term outlook of the Zacks Manufacturing - Farm Equipment industry, it will benefit from increased agricultural equipment demand to meet the food requirements of a growing population. AGCO Corp. AGCO and Lindsay LNN are well-poised to capitalize on this demand, backed by their efforts to grow their products.
Focusing on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is expected to be another major catalyst. These players, along with others like Deere & Company DE, CNH Industrial CNH, are investing heavily in upping their technology game.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers and mowers. Some companies in the industry produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. Deere, Kubota and CNH Industrial are presently the top three global manufacturers of agricultural equipment (in that order).
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Low Commodity Prices Projections are Concerning: Per the latest projections from the U.S. Department of Agriculture, net farm income is set to reach $179.8 billion in 2025. (slightly below earlier estimate of $180.1 billion). The figure suggests a 40.7% increase from the prior year. In inflation-adjusted terms, net farm income is forecast to increase 37.2%. However, much of this growth reflects a $30.4 billion increase in direct government farm payments to $40.5 billion for 2025. Meanwhile, crop receipts are anticipated to decline 2.5% (previous expectation was 2.3%) from the prior year due to lower revenues for soybeans, corn and wheat. This will be offset by an 11.2% increase in animal and animal products receipts. Production expenses are also expected to move up 2.6%, leading to more pressure on farmers.
Demand for Food to Fuel the Industry: Despite the ongoing volatility in commodity prices and lower crop receipts, agricultural equipment demand will continue to be supported by increased global demand for food, stemming from population growth and an increasing proportion of the population aspiring for better living standards. With farm sizes increasing, there is a greater need for labor, but escalating labor costs are prompting farmers to turn to mechanization. Additionally, subsidies on agricultural machinery purchases are enabling even small-scale farmers to invest in equipment.
Pricing, Cost-Cutting Actions to Boost Margins: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. However, the industry players have recently been reporting improvements in the supply chain. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins.
Technologically Advanced Machinery Gaining Popularity: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs and sustainability benefits.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #220, which places it at the bottom 9% of 243 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Despite the bleak near-term prospects of the industry, we will present a few Manufacturing - Farm Equipment stocks that can be retained in one’s portfolio. It is worth taking a look at the industry’s stock-market performance and valuation picture before that.
Industry vs. Broader Market
The Zacks Manufacturing - Farm Equipment industry has outperformed its sector but lagged the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 11% in the past 12 months compared with the S&P 500’s growth of 16.5%. The Industrial Products sector has risen 3.7% in the said time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the trailing EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 25.38X compared with the S&P 500’s 18.25X. The Industrial Products sector’s trailing 12-month EV/EBITDA is 24.41X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)
Over the last five years, the industry traded as high as 28.39X and as low as 14.08X, the median being 19.68X.
2 Manufacturing - Farm Equipment Stocks to Keep an Eye on
AGCO: The company has been gaining from increasing replacement demand for old equipment. It has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts and the company’s cost-control measures have driven margin expansion over the past few quarters. AGCO is focusing on strategic transformation. It intends to streamline and focus its portfolio of agricultural machinery and precision agriculture technology solutions. Last year, it completed the largest agricultural technology deal in history to create the PTx Trimble joint venture, which was merged with its Precision Planting business to form PTx. It boasts an industry-leading portfolio of mixed fleet, precision agricultural technologies and solutions, boosting its competitive edge and long-term prospects.
AGCO has an estimated long-term earnings growth rate of 12.6%. The consensus estimate for AGCO’s 2025 earnings has moved up 4% in the past 60 days. It has a trailing four-quarter earnings surprise of 327.7%, on average. This Duluth, GA-based company currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: AGCO
Lindsay: The company reported 11% growth in revenues in fiscal 2025 (ended Oct. 31, 2025) on higher irrigation and infrastructure revenues. The company also reported record earnings per share of $6.78. Earlier this year, it acquired a 49.9% minority interest in Pessl Instruments GmbH. This will help accelerate innovations in water management and increase LNN’s global reach. Project opportunities in developing international irrigation markets continue to be robust, driven by food security and water scarcity concerns. The company is also well-positioned to gain from demand for its Road Zipper System, which is gaining popularity globally for its faster implementation and lower costs for constructing lanes. Lindsay continues to maintain a robust balance sheet and capital allocation is focused on delivering value to shareholders while investing in growth opportunities and innovation.
The Zacks Consensus Estimate for the Omaha, NE-based company’s fiscal 2025 earnings has moved up 1% over the past 60 days. LNN has a trailing four-quarter earnings surprise of 18.1%, on average. It currently carries a Zacks Rank of 3.
Price & Consensus: LNN
Free Report: Profiting from the 2nd Wave of AI Explosion
The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.
Investors who bought shares like Nvidia at the right time have had a shot at huge gains.
But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.
Access AI Boom 2.0 now, absolutely free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

2 Farm Equipment Stocks Worth Watching Amid Industry Challenges

Deere & Company DE has reported fourth-quarter fiscal 2025 (ended Nov. 2, 2025) earnings of $3.93 per share, which missed the Zacks Consensus Estimate of $3.96. The bottom line decreased 14% from the prior-year quarter as gains from higher volumes were offset by higher production costs and tariff impacts.
Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $10.6 billion, up 14% year over year, surpassing the Zacks Consensus Estimate of $9.99 billion. Total net sales (including financial services and others) were $12.4 billion, up 11% year over year.
The cost of sales in the reported quarter was up 21% year over year to $7.94 billion. Total gross profit decreased 2.7% year over year to $4.45 billion. Selling, administrative and general expenses rose 3.6% to $1.28 billion from the prior-year period.
Total operating profit (including financial services) dipped 7% year over year to $1.35 billion in the fiscal fourth quarter.
Deere & Company Price, Consensus and EPS Surprise
DE’s Segmental Performances in Q4
The Production & Precision Agriculture segment’s sales rose 10% year over year to $4.74 billion on higher shipment volumes and favorable price realization. The figure beat our model’s estimated revenues of $4.27 billion for the quarter. Operating profit decreased 8% year over year to $604 million, on higher production costs and tariff impact, offset by higher shipment volumes/sales mix. Our estimate for the segment’s operating profit was $714 million.
Small Agriculture & Turf sales increased 7% to $2.46 billion from the year-earlier quarter, which came in higher than our projected sales of $2.11 billion on increased volumes. Operating profit slumped 89% year over year to $25 million on higher warranty expenses, tariffs and production costs. The figure beat our estimate of operating profit of $124 million for the segment.
Construction & Forestry sales were $3.38 million, up 27% year over year, on higher volumes. Our estimate for the segment’s revenues was $3.3 billion. Operating profit increased 6% year over year to $237 million as higher shipment volumes or sales mix were partially offset by increased production costs due to higher tariffs. Our estimate for the segment’s operating profit was $319 million.
Revenues in Deere’s Financial Services division were $1.55 billion in the reported quarter, up 2% year over year. Our estimate for the segment’s revenues was $1.56 billion. Net income of Deere’s Financial Services division was $293 million in the reported quarter compared with $173 million in the prior-year quarter. The upside was due to favorable financing spreads and a lower provision for credit losses.
Deere’s Cash & Debt Position
DE reported cash and cash equivalents of $8.28 billion at the end of fiscal 2025 compared with $7.32 billion at the end of fiscal 2024. The cash flow from operating activities was $7.5 billion in fiscal 2025 compared with $9.23 billion in the prior fiscal.
At the end of the quarter, the long-term borrowing was $43.5 billion compared with $43.23 billion at the end of fiscal 2025.
DE’s Fiscal 2025 Guidance
Deere reported fiscal 2025 earnings of $18.50 per share, which missed the Zacks Consensus Estimate of $18.53. The bottom line decreased 28% from the prior fiscal.
Net sales of equipment operations came in at $38.9 billion, down 13% year over year, surpassing the Zacks Consensus Estimate of $38.3 billion. Total net sales were $46 billion, down 11.7% year over year.
DE’s Fiscal 2026 Guidance
Deere expects net income for fiscal 2026 between $4.00 billion and $4.75 billion.
Net sales for Production & Precision Agriculture are expected to decrease 5-10% year over year. Sales of Small Agriculture & Turf are expected to rise 10%. Sales of Construction & Forestry are projected to increase 10%. The Financial Services segment’s net income is expected to be $830 million.
Deere Stock Price Performance
DE shares have gained 5.7% in the past year compared with the industry’s growth of 4.5%.
Image Source: Zacks Investment Research
DE’s Zacks Rank
Deere currently carries a Zacks Rank #4 (Sell).
Performances of Other Farm Equipment Stocks
Let us take a look at how other farm equipment stocks fared in their earnings releases.
Lindsay Corp. LNN delivered adjusted earnings per share (EPS) of 99 cents in the fourth quarter of fiscal 2025. The bottom line dipped 15% year over year and missed the Zacks Consensus Estimate of $1.04.
Lindsay generated revenues of $154 million, down 0.9% from $155 million in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $151 million.
AGCO Corp. AGCO delivered an adjusted EPS of $1.35 in the third quarter of 2025 compared with the prior-year quarter’s 68 cents. The reported figure topped the Zacks Consensus Estimate of $1.26.
AGCO’s revenues decreased 4.7% year over year to $2.47 billion in the September-end quarter. The top line missed the Zacks Consensus Estimate of $2.48 billion.
CNH Industrial CNH reported third-quarter 2025 adjusted EPS of eight cents, which declined from 24 cents in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of 13 cents.
In the third quarter, CNH Industrial’s revenues declined nearly 5% from the year-ago level to $4.4 billion but topped the Zacks Consensus Estimate of $4.3 billion.
Free Report: Profiting from the 2nd Wave of AI Explosion
The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.
Investors who bought shares like Nvidia at the right time have had a shot at huge gains.
But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.
Access AI Boom 2.0 now, absolutely free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CNH Industrial N.V. (CNH) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Deere Q4 Earnings Miss Estimates, Sales Up Y/Y on Lower Volume

The S&P 500 Index ($SPX) (SPY) today is up by +0.60%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.62%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.70%. December E-mini S&P futures (ESZ25) are up +0.59%, and December E-mini Nasdaq futures (NQZ25) are up +0.69%.
Stock indexes are moving higher today, with the S&P 500 and Dow Jones Industrials posting 1.5-week highs. Strength in semiconductor stocks today is lifting the overall market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Also, optimism about a Fed rate cut is boosting stocks heading into Thursday’s Thanksgiving Day holiday. Market sentiment has improved this week, as bond yields have fallen amid weak US economic news and dovish Fed comments, strengthening the case for a rate cut at next month’s FOMC meeting. The chance of a Fed rate cut at the December 9-10 FOMC meeting has risen to 80% from 30% last week.
Stocks also received support from today’s US economic news, which bolstered optimism about the economic outlook after weekly jobless claims unexpectedly fell to a 7-month low and Sep capital goods new orders, a proxy for capital spending, rose more than expected.
US MBA mortgage applications rose +0.2% in the week ended November 21, with the purchase mortgage sub-index up +7.6% and the refinancing mortgage sub-index down -5.7%. The average 30-year fixed rate mortgage rose +3 bp to 6.40% from 6.37% in the prior week.
US weekly initial unemployment claims unexpectedly fell -6,000 to a 7-month low of 216,000, showing a stronger labor market than expectations of an increase to 225,000.
US Sep capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +0.9% m/m, stronger than expectations of +0.3% m/m.
The Bureau of Labor Statistics (BLS) canceled its October consumer price report last Friday and said the November report will be released on December 18. Last Wednesday, the BLS said it would not publish an October employment report and noted that it would incorporate those payroll figures into the November report, scheduled for publication on December 16.
The markets are discounting an 80% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 475 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up +1.06%. China’s Shanghai Composite closed down -0.15%. Japan’s Nikkei Stock 225 closed up +1.85%.
Interest Rates
December 10-year T-notes (ZNZ5) today are down by -5 ticks. The 10-year T-note yield is up +2.9 bp to 4.025%. Today’s strength in stocks is weighing on T-note prices. Also, supply pressures are negative for T-notes, as the Treasury will auction $44 billion of 7-year T-notes to conclude this week’s $211 billion in T-notes and floating-rate note auctions. T-notes remained lower after US weekly initial unemployment claims unexpectedly fell to a 7-month low, a sign of labor market strength that is hawkish for Fed policy.
European government bond yields are mixed. The 10-year German bund yield rebounded from a 1.5-week low of 2.660% and is up +1.1 bp to 2.683%. The 10-year UK gilt yield fell to a 1.5-week low of 4.419% and is down -2.1 bp to 4.473%.
ECB Governing Council member Boris Vujcic said risks to economic growth and inflation in the Eurozone are balanced, and "for the time being," interest rates are in a good place.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Strength in chip makers is a supportive factor for the overall market. ASML Holding NV (ASML) is up more than +4%, and Marvell Technology (MRVL), Micron Technology (MU), and Intel (INTC) are up more than +2%. Also, Nvidia (NVDA), Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), Analog Devices (ADI), Lam Research (LRCX), NXP Semiconductors NV (NXPI), and ON Semiconductor (ON) are up more than +1%.
Urban Outfitters (URBN) is up more than +12% after reporting Q3 net sales of $1.53 billion, better than the consensus of $1.49 billion.
Autodesk (ADSK) is up more than +7% to lead gainers in the S&P 500 and the Nasdaq 100 after reporting Q3 billings of $1.86 billion, above the consensus of $1.84 billion, and raising its 2025 billings estimate to $7.47 billion-$7.53 billion from a previous estimate of $7.36 billion-$7.45 billion, stronger than the consensus of $7.41 billion.
Robinhood Markets (HOOD) is up more than +6% after announcing it has bought a majority stake in LedgerX, a US-based derivatives exchange, giving Robinhood access to the prediction markets.
Oscar Health (OSCR) is up more than +6% after Piper Sandler upgraded the stock to overweight from neutral with a price target of $25.
Dell Technologies (DELL) is up more than +2% after raising its 2026 revenue forecast to $112.2 billion-$112.2 billion from a previous forecast of $105 billion-$109 billion, stronger than the consensus of $107.94 billion.
Amentum Holdings (AMTM) is up more than +1% after Morgan Stanley upgraded the stock to equal weight from underweight.
Nutanix (NTNX) is down more than -17% after reporting Q1 revenue of $670.6 million, weaker than the consensus of $676.6 million, and cutting its 2026 revenue forecast to $2.82 billion-$2.86 billion from a previous forecast of $2.90 billion-$2.94 billion, well below the consensus of $2.92 billion.
Ambarella (AMBA) is down more than -13% after forecasting Q4 adjusted gross margin of 59% to 60.5%, below the consensus of 60.6%.
Zscaler (ZS) is down more than -10% to lead losers in the Nasdaq 100 after forecasting 2026 revenue of $3.28 billion-$3.30 billion, only slightly above the consensus of $3.28 billion.
Workday (WDAY) is down more than -8% to lead losers in the S&P 500 after reporting Q3 subscription revenue of $2.24 billion, right on consensus.
Deere & Co (DE) is down more than -3% after forecasting 2026 net income of $4.00 billion to $4.75 billion, well below the consensus of $5.31 billion.
HP Inc (HPQ) is down more than -2% after forecasting 2026 adjusted EPS of $2.90 to $3.20, weaker than the consensus of $3.32.
Earnings Reports(11/26/2025)
Deere & Co (DE).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Deere & Company

Trend

Trend Class

Trend Power

Pattern

EMA

EMA-20

EMA-50

EMA-100

EMA-20

EMA-50

EMA-100

Oscillators

Stochastic

RSI

MACD

Candle pattern type