Diamonds and Dogs
Deere (DE) running strong. Industrial giant is up 8% to new high following strong earnings and raised guidance. Earnings nearly doubled expectations as sales rose 23% to $8.05 billion. Elevated crop prices and an improving farm economy signaling improving conditions for Deere.
One cloud computing stock coming back down. Rackspace Technology (RXT) is down 15% to a one-month low following lackluster earnings. The company beat estimates as sales rose 14.2% to $716 million. Investors, however, are worried about increased competition hurting profits and margins going forward.
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