On this episode of Stock Movers:
- Deere (DE) shares are under pressure after the company put out a weak forecast, and investors are reacting negatively. The farm equipment maker is struggling because tariffs have hurt demand for crops, which means farmers have less money to spend on new machinery.
- HP Inc. (HPQ) stock is down after reporting outlook below expectations yesterday. HP blamed the high cost of memory chips that go into computers. HP, which makes computers and printers, also said it will cut 4,000 to 6,000 employees over the next two years and replace them with AI tools.
- Workday (WDAY) results beat estimates, but there are questions from analysts about how much of that is from an acquisition it made in October, and how much is organic growth. Bloomberg Intelligence pointed out that large companies are cutting workers, so it'll be hard for Workday to take on new clients. The stock is lower.
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