Deere & Company (DE)
After hours:
- Yahoo Finance Video
Dow hits record-high, gas prices to rise: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills discuss the state of the consumer and stock market gains following Wednesday's Consumer Price Index (CPI) print. The Dow Jones Industrial Average (^DJI) surpassed the 40,000 mark for the first time, while the S&P 500 (^GSPC) topped the 5,300 level amid broad-based market gains. Despite the rally, UBS Investment Bank Chief Strategist Bhanu Baweja joins the show to discuss why he believes markets may be due for "a reality check." Compounding the financial strain on consumers, the Energy Information Administration (EIA) reports that gas prices could increase by $0.10 this summer, prompting an examination of the state of the consumer. The show covers several trending tickers, including Deere & Company (DE), which lowered its full-year profit guidance, GameStop (GME), which experienced a slump amid the slowing meme trade frenzy, and Canada Goose (GOOS), which beat fourth-quarter profit expectations. This post was written by Angel Smith
- Yahoo Finance Video
John Deere stock drops on lowered full-year profit forecast
Shares of Deere & Company (DE) are dipping as the farming equipment manufacturer lowered its full-year profit forecast to $7 billion from a previous range of $7.50 billion to $7.75 billion. The US Department of Agriculture forecasts that 2024 net farm income will total $116.1 billion, a 25.5% year-over-year decline. Market Domination's Julie Hyman and Josh Lipton discuss a potential deterioration in the global agricultural space. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino and updated by Luke Carberry Mogan.
- GuruFocus.com
Deere (DE) Slashes FY24 Net Income Guidance Amid Falling Crop Prices
Deere (NYSE:DE) has surpassed earnings per share (EPS) estimates for the seventh consecutive quarter by maintaining strict control over expenses.
