Dow Jones futures tilted higher early Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally rebounded Tuesday, with the S&P 500 retaking the 4,000 level.
Deere (DE) reported better-than-expected earnings early Wednesday. DE stock rose solidly in premarket trade, signaling a move out of a buy zone.
Deere earnings and guidance are important for a variety of agriculture stocks, including CF Industries (CF) and Archer-Daniels-Midland (ADM), as well as machinery makers such as Caterpillar (CAT).
Energy stocks continue to do well. Solar leader Enphase Energy (ENPH), coal producer Peabody Energy (BTU), refiner CVR Energy (CVI), natural gas producer EQT Corp. (EQT) and LNG stock Excelerate Energy (EE) are all near buy points.
EE stock broke out on Wednesday, with Enphase moving back into a buy zone. BTU stock, CVR Energy and EQT are actionable.
DE stock and Enphase Energy are on IBD Leaderboard. EQT stock is on SwingTrader. Deere stock is on the IBD 50. ENPH stock is on the IBD Big Cap 20. Peabody Energy is Tuesday’s IBD Stock Of The Day.
