Deere’s weak Q4 and 2026 outlook is sending a clear signal about pressure in big agriculture, tariffs and heavy machinery.

Deere $DE posted lower Q4 profit and guided 2026 net income below Wall Street expectations, as farmers pull back on big-ticket tractors and tariffs bite into margins. Even with revenue up, the market focused on weaker profitability and a heavier tariff drag, putting pressure on large agriculture and heavy machinery names.

Winners -

Equipment rental and used machinery

Names: Titan Machinery ($TITN), United Rentals ($URI)

Reason: Farmers delaying new tractors are more likely to rent or buy used, supporting demand and utilisation for these operators.

Domestic steel and materials suppliers

Names: Nucor ($NUE), United States Steel ($X)

Reason: Higher tarif ...