17 May Watchlist 👀
Today we are watching…
1. Deere & Co. (#deere)
Agricultural machinery manufacturer, Deere & Co., is ready to publish its earnings today and analysts are upbeat about its chances at surpassing estimates. Despite a recent trade war induced sell-off, the company’s stock has been doing well, rising 16.5% since the start of the year before erasing all those gains this month. nevertheless, its forestry, construction and financial sectors have all done exceedingly well, which should filter through positively into today’s announcement.
2. Boeing (#boeing)
Embattled airplane manufacturer, Boeing, is looking to turn its fortunes around after announcing a new software update for its 737 Max. The latest update is said to have fixed the anti-stall system that caused two fatal crashes and a costly global grounding of its entire fleet. Boeing announced that it is now working with the FAA to get the planes re-commissioned ASAP. Boeing’s share price has lost 19.6% since the second incident, but may be looking to reverse that downtrend if the update can gain approval. Yesterday’s announcement spurred a 2.4% appreciation for Boeing with more potentially to come. Stay tuned.