The broader equities market is trading lower at last check on Thursday as participants react to a hotter-than-expected reading on wholesale prices. But not all of the price action at the individual level is negative.
While Deere (DE) slumps post-earnings, Bullish (BLSH) is continuing its post-IPO climb and dLocal (DLO) is soaring after its Q2 beat.
Here's a closer look at some of Thursday's biggest market movers.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Deere sinks after a guidance cut
Deere plunged more than 7% out of the gate Thursday after the farm equipment maker disclosed its fiscal third-quarter earnings.
While the company reported higher-than-expected earnings of $4.75 per share and revenue of $10.4 billion, management now expects net income for the full fiscal year to be $5 billion at the midpoint – down from a previous forecast of $5.15 billion.
"We attribute DE's narrowed full-year earnings guidance to ongoing tariff cost pressures and persistent weakness in agriculture fundamentals," says CFRA Research analyst Jonathan Sakraida.
Considering the industrial stock was up 22% on a total return basis (price change plus dividends) for the year to date through Wednesday's close, the analyst adds that "higher expectations were baked in heading into the quarter, contributing to heightened risk of underperformance," the analyst adds.
Sakraida believes "margin performance was a key factor in the revised outlook, as DE faced limitations in pushing pricing amid the continued agricultural market downturn."
He also points out that tariff uncertainty and lower commodity prices "have made farmers increasingly cautious in spending decisions and more hesitant to accept higher machinery prices."
Bullish stock keeps climbing after its IPO
The Bullish IPO underscored market excitement for new offerings. Indeed, shares of the Peter Thiel-backed crypto exchange and owner of crypto news site CoinDesk closed Wednesday at $68, up 84% from the offering price of $37 per share.
And BLSH stock is up another 22% at last check in Thursday's session, making it one of the day's biggest movers.
"From an operations perspective, what sets Bullish apart is its massive capital base, deep liquidity pool and data integration platform," says Greg Martin, managing director at Rainmaker Securities.
This, Martin adds, "enables sophisticated institutional investors to trade with finer granularity, leveraging substantial data analysis and the type of algorithmic and quantitative trading where larger dollars can be traded."
Martin doesn't see Bullish as a retail play; rather, he says that it is built for institutions.
"As crypto goes mainstream, and more institutional investors enter the arena, Bullish's capital roots, liquidity profile, and hybrid architecture provide a clear edge, offering the depth and sophistication that institutional investors require."
dLocal soars after Q2 earnings beat
Online payments firm dLocal is one of the biggest gainers Thursday, up more than 22% at last check after the company reported second-quarter earnings.
For the three months ending June 30, dLocal said total payment volume was up 53% year over year to a record $9.2 billion, while revenue surged 50% to $256 million.
Following its first-half performance and what CEO Pedro Arnt says is "sustained momentum" across the business, the company also raised its full-year guidance.
Truist Securities analyst Matt Coad maintained a Hold rating on the financial stock after earnings, but says upside risks include "outsized exposure as a pure play on emerging markets, better-than-expected growth in e-commerce payments, and potential M&A activity as takeout candidate."
Related content
-
I’m Over 65 and Itemize: Can I Claim the New $6,000 ‘Senior Bonus’ Tax Deduction?Tax Changes If you’re an older adult, a new bonus deduction could provide a valuable tax benefit.
-
Alphabet Stock Pops After Google Antitrust Ruling: What to KnowGOOGL stock is soaring Wednesday after a judge ruled that Alphabet does not have to divest its Chrome browser.
-
Alphabet Stock Pops After Google Antitrust Ruling: What to Know
GOOGL stock is soaring Wednesday after a judge ruled that Alphabet does not have to divest its Chrome browser.
-
7 Mistakes to Avoid When You First Start InvestingInvesting brings the opportunity to build wealth, but there are plenty of mistakes that can be made. Here are seven common ones and how they can be avoided.
-
A Fidelity Fund Misses Out on Soaring Bank StocksThe Fidelity International Growth Fund has outperformed over the long term, but its lagging exposure to bank stocks has weighed on more recent returns.
-
More Than Money: The Hidden Toll of Financial Abuse of Older AdultsFinancial abuse from schemes involving tech support, government impostors, false sweepstakes, grandchild hoaxes and online shopping issues can cause thousands of dollars in losses.
-
I'm a Financial Planner: Here Are Three High-Impact Ways to Make a Difference With Your DollarsThe world often feels out of control, but here are three ways to use your money — through investments, charitable giving and political donations — to help create a more just and sustainable future.
-
Stocks Slide to Start September: Stock Market TodaySeasonal trends suggest tough times for the stock market as we round into the end of the third quarter.
-
If You'd Put $1,000 Into Sherwin-Williams Stock 20 Years Ago, Here's What You'd Have TodaySherwin-Williams stock has clobbered the broader market by a wide margin for a long time.
-
Where is the Foreign Dividend Boom Headed?It's been a golden six months for foreign dividend stocks, but can any be relied on for predictable income going forward? Here are some options.
