Stock Movers: Deere, Cisco Lower; Bullish Jumps; Tapestry Down

Deere's Narrowed Forecast

• 📉 Deere (DE) shares are down nearly 8% in pre-market trading following a trim to their full-year net income forecast.
• 🎯 The company narrowed its 2025 net income estimate to between $4.75 billion and $5.25 billion, a slight reduction from the previous range.
• ⚠️ This move highlights the market's sensitivity to any perceived wobbling or narrowing of outlooks, even if the numbers are not drastically changed.

Cisco's Cautious Outlook

• 📉 Cisco (CSCO) is trading lower, down about 9/10ths of 1%, on high volume.
• 📊 Despite earnings largely meeting expectations, the company issued a cautious full-year revenue outlook.
• ⚡ In the current market, meeting expectations is not enough; companies need to beat them and provide positive future guidance to avoid being punished.

Bullish Surges on IPO

• 🚀 Bullish (BLSH) is experiencing a significant upside move, jumping about 14% from its IPO price.
• 💰 The digital-asset exchange operator raised $1.1 billion in its initial public offering.
• 🔑 CEO Tom Farley emphasizes that credibility matters in the crypto industry, and being a public company listed on the NYSE adds to this credibility.

Tapestry's Decline

• 📉 Tapestry (TPR) is down almost 17%, trading just shy of $95 a share.
• ⚠️ The company's EPS outlook includes a negative impact of 60 cents due to higher duties, which the CFO called a "significant" effect.
• 📊 While forecasting overall revenue slightly above expectations, the performance of brands like Coach (up 13%) and Kate Spade (down 13%) in the most recent quarter contributed to the stock's decline.