Scoreboard / DE
Deere & Company DE
Issue No. 11 pick · September 4, 2026 · Updated October 16, 2026
Setup Snapshot
The Setup in One Card
How DE moved and the catalyst behind the move, from its Issue No. 11 write-up. It is not on the current Scoreboard, so it carries no Friday Five Score this week.
Issue No. 11
Original Pick
Sector Trend
Slippingdown 0.3 percent
Covered In
Issue No. 11 · September 4, 2026
Catalyst
Cycle TurnUpgraded to Outperform on August 31, with China buying 703,000 tons of soybeans and soybeans clearing 13 dollars
Return measured from the Thursday, August 27 close to the Thursday, September 3 close, the week it appeared in Issue No. 11.
Why It Moved
The Story Behind the Move
Catalyst
Upgraded to Outperform on August 31, with China buying 703,000 tons of soybeans and soybeans clearing 13 dollars
Why It Mattered
It rose 11.52 percent in a week when industrials fell 2.37 percent, and the whole agricultural complex moved with it rather than Deere alone. Farm cash flow is the input to equipment demand, and this is the first week in a long time when the grain side moved in the farmer favour rather than against.
Risk Note
The proximate trigger was a broker upgrade, a catalyst type with no track record here at all: not one pick across the first ten issues was triggered by one. At 694.41 dollars against full year net income guidance of 4.75 to 5.00 billion on 270.7 million diluted shares, the stock trades at 38.6 times the midpoint of earnings the company itself calls a trough, and it closed at 98.4 percent of its 52 week high.
Reader Takeaway
Paying a high multiple on trough earnings is a bet on the recovery arriving on schedule. It is a coherent bet, but it is a bet on timing rather than on the business, and timing is the thing cycles are worst at.
Continue the Research
Put DE Back in Context
The stock page is one piece of the weekly research. Continue with the original issue, the full public ranking, or the method behind the analysis.
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