DE

SpaceX shares surged 12% after crushing Q3 earnings expectations with $0.35 EPS (vs. $0.10 consensus) and $14.57B revenue (+161% YoY). The company reiterated $100B annual recurring revenue goals by end of 2026 and projected $500B-$1T ARR by 2027, driven by AI infrastructure demand and Starlink growth.

Musk disclosed SpaceX and Tesla are exploring a potential merger. SpaceX received a Zacks Rank #2 (Buy) rating with an average price target of $227.

A comparison of two manufacturing farm equipment companies reveals that Kubota Corp. (KUBTY) presents a better value opportunity than Deere (DE) based on valuation metrics and earnings outlook. KUBTY has a Zacks Rank of #2 (Buy) with a forward P/E of 10.74 and Value grade of A, while DE has a Zacks Rank of #3 (Hold) with a forward P/E of 34.91 and Value grade of D.

Deere stock declined 1.4% to $641.53, underperforming the S&P 500's 1.09% loss. The stock has fallen 5.1% over the past month, significantly lagging the broader market.

Upcoming earnings on November 25, 2026 are expected to show a 3.56% EPS increase but a 2.59% revenue decrease quarter-over-quarter. Deere trades at a premium valuation with a Forward P/E of 35.93 versus the industry average of 19.36, and holds a Zacks Rank of #3 (Hold).