Diamonds and Dogs
Chip gear maker Applied Materials (AMAT) is up 3% after beating earnings estimates as revenues fell 1.5% to $6.42 billion. Management said their restructuring of the company seems to be bearing fruit as they transition to the AI future. One analyst upgraded the stock with a $160 price target.
John Deere (DE) taking a hit following better than expected earnings. Deere is down 4% even though they easily beat and raised guidance because investors are nervous this is as good as it gets for Deere. One analyst downgraded Deere saying the top in the agricultural business cycle may have come.
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