Nov 24-25 led by Dell's AI surge—$27B revenue, $5.6B AI servers, $12B orders, $25B FY guidance—while Autodesk crushed at $1.85B (+18%), Workday hit $2.43B with 75% AI adoption, Zoom grew 4.4% on Companion 3.0, and HP's $14.6B masked -3% EPS prompting 4-6K cuts
Deere's Hold reflects Q4 Construction & Forestry surge (+27%) and volume stabilization offset by 29% FY profit decline, ag cycle depression (large ag down 15-20% FY2026), and margin erosion from tariffs pending recovery evidence.
Wednesday pre-Thanksgiving saw Deere beat Q4 estimates with $12.4B revenue (+11%) and $3.93 EPS but stock fell 5% on FY2026 guidance of $4.0-4.75B profit (below consensus) as CEO May called 2026 'the bottom' amid $600M tariffs and margins compressing to 11-13%.
Dell earns Strong Buy on AI dominance ($25B guidance, $30B pipeline); Autodesk/Workday Buy on cloud execution and margin expansion; Zoom/HP Hold on commoditization and restructuring risks despite beats
The IRS's new FAQs clarify the H.R. 1 overtime deduction, defining qualified premiums under FLSA, calculation methods like dividing total by three, 2025 transition rules without form changes, and 2026 reporting mandates. Capped at $12,500, it phases out over $150,000 income through 2028. Read Full
