Core Insights - Deere & Company experienced a significant drop in shares following disappointing first-quarter sales for fiscal 2025, which fell short of analyst expectations [1][6] Company Performance - Sales for the first quarter decreased by 30% year-over-year, totaling $8.51 billion, which is approximately $500 million below analyst consensus [2][6] - The company reported earnings of $3.19 per share for the quarter ending January 28, down from $6.23 per share a year prior, but slightly above estimates by 8 cents [2][6] Future Outlook - Deere has maintained its full-year profit forecast between $5 billion and $5.5 billion, aligning closely with the current analyst expectation of $5.27 billion [3] - The company anticipates a decline in sales across its divisions, projecting a 10% drop in its small agriculture and turf segment, and a 10% to 20% decline in production, precision agriculture, and construction and forestry divisions [4][5][6] - The sales forecast does not account for potential impacts from import tariffs and retaliatory actions from other countries, indicating a volatile market environment [5]

Key TakeawaysTesla shares rose Thursday following reports that the State Department could buy $400 million worth of armored Tesla EVs.The department's procurement forecast for 2025 added "Armored Tesla" in December, though the line item was changed to say "Armored Electric Vehicles" late Wednesday.Tesla CEO Elon Musk was the largest individual supporter of U.S. President Donald Trump's campaign. Tesla shares rose Thursday morning after a U.S. State Department forecast was reported Wednesday afternoon, revea ...

Cisco Systems (CSCO) reported fiscal second-quarter results that topped analysts’ expectations and raised its full-year guidance, sending shares higher in extended trading Wednesday. The networking-equipment provider posted revenue of $14 billion, up 9% year-over-year and above the analyst consensus tracked by Visible Alpha. Cisco’s adjusted earnings rose to $3.8 billion, or 94 cents per share, from $3.5 billion, or 87 cents per share, a year earlier, also topping expectations.  Cisco said the gains came a ...

Reddit (RDDT) reported fourth-quarter earnings that topped analysts' estimates, but its user growth fell short, sending shares lower in extended trading Wednesday. The social media platform saw revenue grow 71% year-over-year to $427.7 million, topping the analyst consensus compiled by Visible Alpha. Net income came in at $71 million, up from $18.5 million a year ago and above expectations. However, Reddit’s 101.7 million daily active users in the period fell short of the 103.24 million analysts were looki ...

Key TakeawaysThe S&P 500 dropped 0.3% on Wednesday, Feb. 12, as hotter-than-expected inflation data in the January CPI report weighed on the interest-rate outlook.Shares of Wabtec, a provider of braking systems and other transport industry technologies, lost ground after its results and guidance missed forecasts.CVS Health shares took off after the drugstore operator beat quarterly estimates, boosted by its pharmacy and consumer wellness business. Major U.S. equities indexes were mixed on Wednesday as the l ...

Some big tech shares were holding up Wednesday afternoon as inflation data and questions about the path ahead for interest rates weighed on U.S. stocks. Tesla (TSLA), Intel (INTC) and Palantir (PLTR) were recently among the top gainers in the S&P 500, which was more broadly edging lower. The tech-focused Nasdaq Composite was ticking lower, but its retreat was less pronounced than that of the other leading indexes. It's not exactly full-steam ahead for tech today, but there were a few standout names. Tesla, ...

Key TakeawaysThe S&P 500 eked out a gain of less than 0.1% on Tuesday, Feb. 11, as investors digested testimony from the chair of the Federal Reserve and awaited Wednesday's CPI report.DuPont shares surged after the chemicals giant topped quarterly forecasts, highlighting strength in electronics end markets.Shares of financial technology firm Fidelity National Information Services tumbled following weaker-than-expected guidance. Major U.S. equities indexes were mixed and little changed as Federal Reserve Ch ...

Core Insights - Apple is partnering with Alibaba to develop artificial intelligence features for iPhones in China, which could serve as a growth catalyst for the company [2][5] - The partnership aims to enhance iPhone upgrades in a market where Apple has faced sales challenges, particularly in Greater China [3][4] - Analysts from Morgan Stanley and JPMorgan view this partnership as a critical factor for improving Apple's competitive position in China and addressing the iPhone sales slump [5][6] Company Performance - Apple's iPhone sales in Greater China declined year-over-year, marking the only region with a sales drop in the first quarter [4] - The AI features, which are a key selling point for the iPhone 16, have been unavailable in China since their launch in October, impacting sales during the holiday season [4][6] - Following the news of the partnership, Apple shares rose over 2%, while Alibaba's U.S.-listed shares gained 1% [5]

Core Insights - Business travel has largely returned to pre-pandemic levels, with the exception of early weekdays [2][7] - Marriott International reported that overall occupancy is higher than 2019 levels, but Monday to Wednesday occupancy has not fully recovered [3][7] - The return of business travel is uneven, with small- and medium-sized businesses recovering faster than larger corporates [5][6] Business Travel Trends - The traditional business travel model, characterized by consultants traveling from Monday to Thursday, has not returned due to flexible work policies [4] - Key segments of business travel remain below pre-COVID levels, particularly among the largest companies [4][5] - Marriott's revenue per available room (RevPAR) increased by 5% year-over-year in Q4, exceeding expectations, but group RevPAR growth was lower at 3% [5][6] Financial Performance - Marriott's Q4 results surpassed analysts' estimates, but the company's shares fell approximately 5% due to a cautious outlook on room growth and profitability [6][7] - Group RevPAR, which accounted for 23% of room nights, experienced its lowest growth quarter of the year, influenced by fewer group events and a decline in Greater China [6]

Key TakeawaysMarriott International gave weaker-than-expected guidance, and shares fell from their record closing high set yesterday.The hotelier's current-quarter profit and room-growth outlook were below analysts' forecasts.The news offset better-than-anticipated fourth-quarter earnings and revenue. Marriott International (MAR) shares fell 4% Tuesday as the hotel operator's guidance missed forecasts on slower room growth. The company sees current-quarter adjusted earnings per share (EPS) in the range of $ ...