Deere, the leading farm equipment maker, benefits from infrastructure demand like Caterpillar, but is more directly tied to agricultural conditions — grain prices and farm income. Its D growth grade is among the weakest in this batch, reflecting pressure from a slowing agricultural cycle.

A 46.5% one-year return has been solid nonetheless, likely reflecting market expectations that the ag cycle is bottoming out despite the growth concerns. It's worth noting valuation (C+, ~39x P/E) looks somewhat rich relative to that weak growth grade.