Dick's & Foot Loach, Deere, CoreWeave & Openai: Trendticker

00:00 Seana Smith

Now time for some of the tastytrade today's training ticker, we check in the big cause of the day between Dicks and Foot Licere as well as the income reaction on Deere and Corwee. First let's talk about Dicks Sporting Goods. It loosely buys Foot in a 2.4 billion dollar offer that aims to expand the international reach and to improve the digital presence of the foot closet. The deal has the shares of Foot easily today, and cocks are pretty much down here. Now you tend to see a buyer. But there are many questions from analysts about this shop and whether it was right for cocks. Foot locker has to struggle to a certain extent. Some analysts who say that Dicks were on good foundations, and they really wonder if this is the time to make this deal.

01:02 Dave Briggs

Yes, I saw, I think it was City here, um that Dicks is proven to be proven. They say Foot Lieben has the opportunity to run better and say that with important brands they could have a purchasing power that looks around 30% of Nike's wholesale business here. I also saw analysts from Bloomberg, which would be. Foot locker in the middle, they say of a challenging turnaround. It takes a contrast, a contrast, they say too thick -speat compared to how to deal with the week, the preliminary Q1 results for foot lock.

02:01 Seana Smith

Yes, I also thought it was interesting Jonathan Compes in Berard, said that this deal is a levered bet on Nikes Turnaround. As we have spoken about it in the past, Foot is easily transmitted over a nike, and this relationship has been hot and cold in recent years, since Nike has come to the consumer strategy more direct, and then came back to easily use foot as a channel. So it will be really interesting and we will talk more about it with Sam Poser, the long -time shoe analyst later on the show.

02:44 Dave Briggs

Sam. Sam is certainly the man with whom you can talk about this story. Deere shares that reach an all -time high. This is after the winning expectations are displayed. The profit even comes because the profits have decreased by 22% compared to the same period of the previous year. So, um, strikes estimates. The net income fell by 22% to 664 per share in the previous year, but the road was expected 557. So that's good enough. You have cut your prospects for the year. You are now looking for 4.75 and 5.5 billion.

03:40 Seana Smith

Yes, basically the shares are traded with a record. Have you already said that? Forgive me when you have done it. The stocks are the stocks in a record. Um, and it seems as if the agricultural cycle gives a lot of optimism that look higher from here. Um, at Jeffries there was an analyst that said that we see nothing in today's results that the thesis is that in 2025 should mark a floor in the egg cycle. So today it is about today and this kind of view that things will get better from here.

04:28 Dave Briggs

And I see analysts from City Citi say less bad than the dreaded Impact Outlook tariff. So less bad, that's good enough too.

04:43 Seana Smith

Yes, and the shares this year around 20%. Uh, Corweve, who received a thrust today, after the regulatory registrations have shown an additional agreement with Open AI in which the Chat -GPT manufacturer paid up to $ 4 billion by April 2029. It also takes place after the company has published its first earnings report since the IPO via an IPO in March. Now the stocks fell first, then this submission came out. They went up. It looks like they are back down. I don't know if we got the intraday diagram to show this type of back and forth that we saw in the shares today. There it is. So you first saw the shares down, then open again and then again. I mean that this optimism was around this deal. There was already an existing agreement here. Corwev had already signed a five-year contract worth around $ 12 billion with Open AI. So this is an additional 4 billion US dollars. However, the company's operating result forecast was below the estimates.

05:49 Dave Briggs

Uh, so that Corweve announced a contract for the profit call yesterday, but did not name the party. Now we know now. By the way, Brentilla Jeffries tells his customers, we know Brent, friend of the show, long -time smart analyst. He says we see no signs of AI calculus from Schwanzwinden, who will soon let up and see Corweve as a lasting winner. He took his goal, it looks like 80.

06:28 Seana Smith

But on the other hand, we have made Da Davidson to do it from neutral. The price goal is that I am not sure whether it will be so when I read it. I'm not sure if it is Gil, but the price goal is 36. We are fans. So who choose your fighter? Um, whoever I will check it, but whoever has said that they are committed, confirms our concern that Corwev is not a business that is worth being scaled.

07:22 Dave Briggs

All right then. It does.