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- The Tractor King Just Warned About a Tough Crop Year
The Tractor King Just Warned About a Tough Crop Year
The latest print looked fine, but the message from the field is simple. Big farm equipment demand could cool next year as growers watch prices, rates, and tariffs.
At the same time, precision tools, autonomy, and parts keep paying the bills. This is a classic cycle stock sitting on real tech.

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Robinhood | HOOD

Price: $129.14
The stock is flying as the company leans into prediction markets and expands its licenses through the LedgerX deal.
That brings futures, options on futures, and even swaps into the tent with proper clearing. The pitch to users is simple. More things to trade, in more ways, inside the same app.
The pitch to investors is a broader take rate and new fees that do not rely only on equity volumes.
It is still a high-beta story and sentiment can turn quickly, but momentum is real when a new product line catches fire.
Why it matters for you: Watch active users, revenue per user, and how fast event contracts scale. If engagement rises with better monetization, the premium can hold.

Teradyne | TER

Price: $181.78
This is a quiet winner from the AI buildout. When chips get more complex, testing gets harder and more expensive.
That is Teradyne’s sweet spot. Demand for AI processors and high-bandwidth memory pushed results to the top of guidance, and orders point to a stronger 2026.
Memory test is heating up, networking and compute are firm, and the company keeps throwing off cash to fund R&D and buybacks.
Robotics inside TER is still softer, but it is a small piece next to semis. As long as data centers get denser, the test rigs stay busy.
Why it matters for you: Track bookings, gross margin, and any bump to the full-year guide. If orders keep outrunning revenue, the setup stays favorable.

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Dell Technologies | DELL

Price: $133.15
Earnings topped expectations, revenue was a hair light, and the market focused on the miss instead of the mix.
Under the hood, infrastructure stayed strong with AI servers doing the heavy lifting. Management called out big order flow and expects a healthy fourth quarter.
PCs are steady rather than exciting, which is fine when the data center is growing faster. Free cash flow and a reasonable multiple keep the risk in check.
If supply chains behave and AI systems ship on time, estimates can drift higher into 2026.
Why it matters for you: Watch AI server orders, backlog, and cash generation. If those three lines move up together, dips tend to be opportunities.

Zscaler | ZS

Price: $251.30
The company beat on revenue and EPS and raised the outlook, but the stock fell anyway. Expectations were high after a big run, and investors wanted more.
The business itself looks healthy.
Annual recurring revenue and deferred revenue are growing, and the platform keeps absorbing more security jobs as customers simplify tools.
Recent AI-security acquisitions expand what ZS can protect, which helps with larger deals.
Volatility is part of the ride for high-growth software, but the spending priority is still there as companies move apps and data to the cloud.
Why it matters for you: Follow billings, large deal count, and margin trend. If those hold, pullbacks can reset an overheated chart without breaking the thesis.

Deere & Co | DE

Price: $464.49
Results beat on revenue and EPS, yet shares slipped after management flagged softer demand for large ag equipment in 2026.
Farmers have had a choppier year, and higher financing costs make big purchases harder. Deere’s cushion is the recurring side of the house.
Think parts, services, software, and precision upgrades that help growers do more with less.
Autonomy and guidance tools save labor and inputs, which matters when every bushel and every gallon count.
If tariffs and rates ease later in 2026, orders can snap back quickly. Until then, steady cash generation and a clean balance sheet help bridge the gap.
Why it matters for you: Treat pullbacks as a way to build a position into the next upcycle if service and tech revenue keep climbing.

Poll: How do you handle a big unexpected bill? |

📊 Stat of the Day: $2 Trillion
Since the debt ceiling was lifted in July, the U.S. has added more than $2 trillion to the national debt.
More borrowing can keep rates sticky and make risk assets more sensitive to every data print, and at some point, it has to be paid… Right?
Final Take
Deere brought a full Thanksgiving spread but warned the leftovers might run thin next year, so good thing the precision gear and parts pantry stays stocked.
Robinhood turned the app into a county fair with prediction booths and more rides; if people keep lining up, the concession cash adds up.
Teradyne is the quality-control chef in the AI kitchen, as every fancy chip gets sent past their tasting spoon before it leaves the pass.
Dell’s servers are doing the heavy lifting while PCs nap on the couch; as long as the order pile stays high, the gravy keeps flowing.
Zscaler delivered a solid plate and still got side-eyed because the table expected fireworks; it’s still the bouncer at the cloud club, checking IDs and keeping the trouble out.
Best Regards,
—Noah Zelvis
Everyday Alpha


