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
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
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
-
5 Types of Gifts the IRS Won’t Tax: Even If They’re BigGift Tax Several categories of gifts don’t count toward annual gift tax limits. Here's what you need to know.
-
The 'Scrooge' Strategy: How to Turn Your Old Junk Into a Tax DeductionTax Deductions We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to charity this year.
-
IRS Says You Made a Tax Return Mistake? A New Law Could Help You Fight BackTax Law Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.
-
I'm a Tax Attorney: These Are the Year-End Tax Moves You Can't Afford to MissDon't miss out on this prime time to maximize contributions to your retirement accounts, do Roth conversions and capture investment gains.
-
I'm an Investment Adviser: This Is the Tax Diversification Strategy You Need for Your Retirement IncomeSpreading savings across three "tax buckets" — pretax, Roth and taxable — can help give retirees the flexibility to control when and how much taxes they pay.
-
Dow Rises 497 Points on December Rate Cut: Stock Market TodayThe basic questions for market participants and policymakers remain the same after a widely expected Fed rate cut.
-
Could an Annuity Be Your Retirement Safety Net? 4 Key ConsiderationsMore people are considering annuities to achieve tax-deferred growth and guaranteed income, but deciding if they are right for you depends on these key factors.
-
I'm a Financial Pro: Older Taxpayers Really Won't Want to Miss Out on This Hefty (Temporary) Tax BreakIf you're age 65 or older, you can claim a "bonus" tax deduction of up to $6,000 through 2028 that can be stacked on top of other deductions.
-
JPMorgan's Drop Drags on the Dow: Stock Market TodaySmall-cap stocks outperformed Tuesday on expectations that the Fed will cut interest rates on Wednesday.
-
Meet the World's Unluckiest — Not to Mention Entitled — Porch PirateThis teen swiped a booby-trapped package that showered him with glitter, and then he hurt his wrist while fleeing. This is why no lawyer will represent him.
-
Smart Business: How Community Engagement Can Help Fuel GrowthAs a financial professional, you can strengthen your brand while making a difference in your community. See how these pros turned community spirit into growth.
