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Stock impact report

Why Heavy Equipment Manufacturer Stocks Are Falling Today [Yahoo! Finance]

Deere & Company (DE) 
Last deere & company earnings: 2/21 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.deere.com/home/default.aspx
Company Research Source: Yahoo! Finance
Shares of Caterpillar (NYSE: CAT) and Toro (NYSE: TTC) were each down more than 6% as of 1 p.m. ET, while shares of Deere (NYSE: DE) were down 4%. An aggressive round of tariffs caught the markets off guard, with investors trying to assess the impact to the companies they own while also watching closely for signs trade partners could retaliate. For companies like Caterpillar, Toro, and Deere, which specialize in construction and agriculture equipment , new levies on raw materials like steel could drive up costs, forcing them to either raise prices or cut profitability. There is also likely to be an impact on demand, both domestically and abroad. Caterpillar gets a significant portion of sales from China, one of the countries hardest hit by tariffs and one that is seen as likely to retaliate. Domestic business could be impacted as well, as the economic impact of tariffs ripples through the U.S. economy. Farmers, Deere's core customer group, tend to buy equipment during up cycl Show less Read more
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