Editor-DN
Shares of Deere jump after topping estimates of results.
52 minutes ago
Shares of Deere & Company (off) jumped Thursday after the farm equipment maker reported fiscal 2024 fourth-quarter results that topped estimates, even as the company warned of “ongoing headwinds.”
Posted by Der. Income $11.14 billion, down 28 percent year over year, and Net income That fell 47 percent to $1.25 billion. Still, the results beat the consensus forecasts of analysts polled by Visible Alpha, which were looking for $10.68 billion and $1.05 billion, respectively.
CEO John May said the company is riding on “ongoing headwinds in our markets.”
The company expects net income of $5.0 billion to $5.5 billion in fiscal 2025, up from the $7.1 billion it generated in fiscal 2024. Analysts are forecasting $5.89 billion per Visible Alpha.
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Shares of Deere rose 8% in recent trading, pushing the stock into positive territory for the year.
Nvidia price levels to watch after earnings
1 hour 39 minutes ago
Nvidia (NVDA) shares were lower in recent trading earlier in the session after reporting quarterly earnings that easily beat analysts’ expectations.
The stock was down nearly $2 percent at $143 after hitting a high below $153. Investors expect revenue from the AI favorite to blow past estimates, and the latest quarterly report may fall short of Wall Street’s highest estimate.
Nvidia shares traded within four months. Ascending triangle Before breaking out above the chart pattern last month. Since then, the stock price has continued to rise, providing a 50-period moving average. support.
This is worth considering. Trading volume After being light Breakoutsuggesting that major market players may have left ahead of the chipmaker’s quarterly report.
Investors should look for key support levels on the Nvidia chart at around $136, $115, and $97, while monitoring the price target for a measured move at $186.
Read full Technical analysis piece here.
Alphabet drops as DOJ says Google should dump Chrome
1 hour 56 minutes ago
The US Department of Justice (DOJ) said Alphabet’s Google (Google) should sell its Chrome browser, one after the other August court decision That the tech giant has an illegal monopoly on the search market.
The DOJ’s amended filing with federal judge Amit Mehta, who issued the August ruling, comes a month after that. submitted A framework for restructuring Google, including breaking up the tech giant.
Losing Chrome, which controls two-thirds of the search market, would hurt Google. The tech giant needs to use that data to gauge user activity from the browser and target ads. The biggest income Source
Alphabet shares were down 5% in recent trading and were among the biggest decliners in the S&P 500.
Read on Full story here.
Snowflake Levels to Watch as Stock Pops After Strong Earnings
3 hours 44 minutes ago
Snowflake (snowShares of the data analytics software maker rose in premarket trading on Thursday after the report. Better than expected earnings And raised its revenue outlook.
Between September and October, Snowflake shares carved out Double downa classic chart pattern that indicates a bullish reversal. Most recently, the bulls successfully defended Patron’s retest. neckline Beyond earnings, setting the stage for more benefits.
Investors should look for key overhead price levels around $145, $165, $182, and $200 on Snowflake’s chart, while monitoring a key support area near $125.
After closing at about $129 yesterday, the stock jumped 25 percent to $161 about an hour before Thursday’s opening bell.
Read full Technical analysis piece here.
Major index stock futures edged higher
4 hours 28 minutes ago
Futures linked to the Dow Jones Industrial Average rose 0.4 percent.
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S&P 500 futures also rose 0.4%.
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Nasdaq 100 futures rose 0.2 percent.
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