Stock Movers Deere Plunges, Tapestry Sinks, Bullish Soars
Aug 14, 2025
Deere & Co. saw its shares plummet due to a grim earnings outlook influenced by declining grain prices, impacting farmer spending. Meanwhile, Tapestry faced a significant drop as tariff challenges and weak performance from its Kate Spade brand led to a hefty write-down. On a brighter note, the cryptocurrency sector caught fire with Bullish's impressive IPO, raising $1.1 billion and showcasing the growing momentum in digital currency markets.
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Deere Profit Warning Linked To Grain Prices
- Deere cut its annual profit outlook as falling grain prices are making farmers postpone big equipment purchases.
- Tariff uncertainty and cautious customers are major factors weighing on Deere's demand and valuation.
Tapestry Hit By Kate Spade Worry And Tariffs
- Tapestry's Coach brand is strong but Kate Spade weakness and tariffs drove a profit outlook miss and a large goodwill write-down.
- The market punished the stock sharply despite its strong year-to-date gains, highlighting sensitivity to forecasts and tariff headlines.
Personal Kate Spade Keepsake
- Carol Masser mentions owning an original hand-made Kate Spade bag as a personal aside during the Tapestry discussion.
- The story underscores personal connections to legacy brands amid corporate struggles.