$AGCO

Update: AGCO Shares Fall After Q2 Miss

(Updates with the latest stock price movement in the headline and first paragraph.)AGCO (AGCO) shares fell 6.9% in Thursday trading after the company's Q2 adjusted earnings and revenue missed expectations.The company reported Q2 adjusted earnings Thursday of $1.43 per diluted share, up from $1.35 a year earlier.Analysts polled by FactSet expected $1.47.Net sales for the quarter ended June 30 were $2.61 billion, down from $2.64 billion a year earlier.Analysts expected $2.75 billion.The company said it expects full-year 2026 adjusted earnings of approximately $5.50 to $5.75 per diluted share. Analysts expect $6.10.The company said it expects 2026 net sales of $10.1 billion to $10.2 billion. Analysts expect $10.6 billion.Price: $108.12, Change: $-8.05, Percent Change: -6.93%

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Tech Earnings

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.5% in Thursday's premarket activity, amid earnings reports by big technology companies.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 1% before the start of regular trading.US initial jobless claims rose to a level of 197,000 in the week ended July 25 from an upwardly revised 188,000 level in the previous week, compared with expectations for a larger increase to 200,000 in a survey of analysts compiled by Bloomberg.US economic growth, measured by gross domestic product, rose by 1.5% in Q2, after a 2.1% gain in Q1, below a 2.0% increase expected in a survey compiled by Bloomberg.Personal income rose by 0.2% in June following May's 0.7% gain, smaller than the expected 0.3% gain in a survey conducted by Bloomberg as of 7:35 am ET. The core PCE price index increased by 0.1%, below the 0.2% gain expected and following a 0.3% gain in May. The year-over-year rate dropped to 3.3% from 3.4% in the previous month.The weekly natural gas stocks will be released at 10:30 am ET.In premarket action, bitcoin was up by 1.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2% higher, Ether ETF (EETH) advanced 1.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was down 0.6%.Power Play:Microsoft (MSFT) shares were up more than 9% after the company reported higher fiscal Q4 adjusted earnings and revenue.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.3%, while the Vanguard Industrials Index Fund (VIS) was inactive and the iShares US Industrials ETF (IYJ) were up 2%.AGCO (AGCO) was down 7% before the opening bell after the company reported lower-than-expected Q2 adjusted earnings and net sales.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.3% lower.Banco Bilbao Vizcaya Argentaria (BBVA) shares traded up 5% in early hours activity after the company reported higher Q2 adjusted earnings and gross income.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 1.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1.3%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.7%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% higher.Anheuser-Busch InBev (BUD) shares were down 2.2% pre-bell even after the company reported higher Q2 underlying earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 1.4%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) gained 1.7%. The iShares Biotechnology ETF (IBB) was up 1.4%.Bristol-Myers Squibb (BMY) was down 1.1% premarket even reporting higher Q2 non-GAAP earnings and revenue.EnergyThe iShares US Energy ETF (IYE) was up 2.8%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.7%.Shell (SHEL) was up more than 1% before market open after the company reported higher Q2 adjusted earnings and revenue.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.6% to $83.99 per barrel on the New York Mercantile Exchange. Natural gas was down 1.1% to $2.69 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.1%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for August advanced by 0.9% to $4,133.20 an ounce on the Comex. Silver futures gained by 0.3% to $58.24 an ounce. SPDR Gold Shares (GLD) was up by 0.6%, and the iShares Silver Trust (SLV) rose by 1.1%.

DA Davidson Initiate Coverage on AGCO With Buy Rating, $160 Price Target

AGCO Keeps Quarterly Dividend at $0.30 a Share, Payable Sept. 15 to Shareholders of Record as of Aug. 14

AGCO Keeps Quarterly Dividend at $0.30 a Share, Payable Sept. 15 to Shareholders of Record as of Aug. 14

Top Midday Stories: Marvell Next Trillion-Dollar Firm, Nvidia CEO Reportedly Says; Anthropic Expands Mythos Access to 150 New Partners

All three major US stock indexes were up in late-morning trading Tuesday, as investors monitor developments between the US and Iran as well as oil price movements.In company news, Nvidia (NVDA) Chief Executive Jensen Huang said Marvell Technology (MRVL) is the next "trillion-dollar company," news outlets reported, citing Huang's appearance at a trade show in Taipei. Nvidia shares were up 0.9%, while Marvell shares were up 29.7%.Amazon-backed (AMZN) Anthropic said Tuesday it is expanding its Project Glasswing program to about 150 new organizations based in over 15 countries, granting them access to Claude Mythos Preview. The partnering organizations use Mythos to scan their codebases for vulnerabilities. So far, the 50 initial partners have found over 10,000 high- or critical-severity security flaws, Anthropic said. Separately, Amazon Web Services will be integrated with Workday (WDAY) Data Cloud, allowing developers to access governed HR and finance data through AWS Ai and analytics tools, Workday said. Amazon shares were down 0.3%, while Workday shares were down 7.1%.Hewlett Packard Enterprise (HPE) reported fiscal Q2 adjusted earnings late Monday of $0.79 per diluted share, up from $0.38 a year earlier and above the FactSet consensus of $0.53. Fiscal Q2 revenue was $10.7 billion, up from $7.63 billion a year ago and above the FactSet consensus of $9.78 billion. For fiscal Q3, the company expects adjusted EPS of $0.88 to $0.93 on revenue of $11.5 billion to $12.1 billion. Analysts polled by FactSet expect $0.58 and $10.9 billion, respectively. For its full-year guidance, the company now expects adjusted EPS of $3.35 to $3.45, up from its prior forecast of $2.30 to $2.50 and above the FactSet consensus of $2.42. Hewlett Packard shares were up 21.5%.Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's class A shares were down 2.3%, while its class C shares were down 2.2%. Berkshire's class A shares were up 0.4%, while its class B shares were up 0.3%.President Donald Trump signed a proclamation on Tuesday lowering the tariffs on agricultural equipment and certain other equipment to 15% from 25%, the White House said. In addition, the existing category of industrial equipment subject to a 15% tariff was expanded to include mobile industrial equipment, like bulldozers and forklifts, "when imported from trade deal countries that are entitled to such treatment," the White House said. The proclamation also allows foreign companies to qualify for a 10% duty rate if their capital equipment includes at least 85% US melted and poured or smelted and cast steel or aluminum by weight, the White House said. The tariff changes will last until Dec. 31, 2027, the White House said. Shares of Deere (DE), Agco (AGCO), CNH Industrial (CNH) and Caterpillar (CAT) were up 5.3%, 6.1%, 10.1% and 4.7%, respectively.IBM (IBM) said Tuesday it plans to invest over $10 billion in quantum computing over the next five years. The investment will go toward research and development, capital expenditure, manufacturing scaling, ecosystem partnerships and M&A, the company said. IBM shares were up 1.1%.Price: $283.09, Change: $+63.66, Percent Change: +29.01%

Trump Lowers Tariffs on Agricultural Equipment to 15% From 25%

President Donald Trump signed a proclamation on Tuesday lowering the tariffs on agricultural equipment and certain other equipment to 15% from 25%, the White House said.Additionally, the existing category of industrial equipment subject to a 15% tariff was expanded to include mobile industrial equipment, like bulldozers and forklifts, "when imported from trade deal countries that are entitled to such treatment," the White House said.The proclamation also allows foreign companies to qualify for a 10% duty rate if their capital equipment includes at least 85% US melted and poured or smelted and cast steel or aluminum by weight, the White House said.The tariff changes will last until Dec. 31, 2027, to "spur near-term investments," the White House said.Price: $565.43, Change: $+23.00, Percent Change: +4.24%

Trump Lowers Tariffs on Agricultural Equipment to 15% From 25%

Trump Lowers Tariffs on Agricultural Equipment to 15% From 25%

Research Alert: Agco Beats Top- And Bottom-line Q1 Estimates; European Markets Outperform

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AGCO delivered a Q1 beat with adjusted EPS of $0.94 topping expectations and doubling from $0.41 in the prior year, while net sales reached $2.3B (+14.3% Y/Y). Underlying sales growth was a more modest 4.7%, but still positive given ongoing headwinds facing agricultural equipment markets. AGCO's concentration in European markets has helped navigate the current environment, with Europe/Middle East delivering 16.2% operating margins and +9% organic growth. The company achieved near-record first-quarter margins in Europe while advancing multi-year structural transformation initiatives. Regional performance was highly mixed, with Europe/Middle East strength (68% of sales) offsetting significant Americas weakness. Adjusted operating margins expanded to 4.6% from 4.1%, reflecting effective cost discipline and pricing execution. We believe AGCO's operational execution and strength in high-horsepower equipment and precision agriculture technologies position it well for continued market share gains.

AGCO Raises Quarterly Dividend to $0.30 a Share From $0.29, Payable June 15 to Shareholders of Record May 15

AGCO Raises Quarterly Dividend to $0.30 a Share From $0.29, Payable June 15 to Shareholders of Record May 15

Industrial Demand Holds Strong Despite Iran War, Truist Securities Says

The industrial sector likely saw strong demand in the first quarter, despite concerns around the impact of the Iran war, Truist Securities said in a note on Friday.The broader momentum is attributable to improved demand in machinery markets and growth across data centers, aerospace, and heating, ventilation and air conditioning, according to the note."Rising input costs tied to the Iran war are manageable in the short term," Truist analysts, including Jamie Cook, said.While there are worries tied to tariffs, "we would be more concerned about a prolonged war with Iran and the potential macro repercussions," Cook said.Oil prices plunged on Friday after Iran opened the Strait of Hormuz following a ceasefire agreement between Lebanon and Israel. Energy prices have surged following the US-Israel war with Tehran. US President Donald Trump has expressed optimism over the prospects of a deal with Iran ahead of the expiration of a two-week ceasefire between the two sides."We see a positive setup for first-quarter prints across machinery, multi-industry and infrastructure services," Cook wrote.Within the machinery industry, the brokerage maintained 2026 estimates for Deere (DE), AGCO (AGCO) and CNH Industrial (CNH) amid order momentum. Caterpillar (CAT) is expected to deliver another strong quarter, Cook said.Infrastructure service companies AECOM (ACM) and Jacobs (J) must convince investors with sustainable organic growth and margin improvement, though Jacobs is seen posting a solid quarter.Multi industry player Parker-Hannifin (PH) is on track for continued earnings beats and raises, with signs that industrial organic growth is improving, Cook said. AMETEK (AME) is recovering and holds capacity for more deals, according to the research note.AMETEK completed its acquisition of Faro Technologies in 2025.