Deere Raises 2026 Profit Outlook on AI Construction Boom

The news headline indicates that Deere has raised its 2026 profit outlook, driven by the AI construction boom, which could positively reflect on the company's growth expectations. Technically, although the RSI at 68 is approaching overbought territory, the price being above the SMA20 and SMA50 suggests strong short-term momentum. The MACD is in negative territory but above the signal line, pointing to potential upward acceleration. With the recent 1.8% gain at the last close and the positive impact of the news, the upward trend may continue in the short term. However, caution is advised due to the elevated RSI and overall market conditions, as the risk of a significant correction should not be overlooked.

GOOGL shares have lost more than 1% in the last 24 hours, with the RSI at 38.9 indicating weak momentum. The MACD is in negative territory but is approaching the signal line, suggesting a sideways trend. The price has closed below the 20-day and 50-day moving averages, confirming short-term pressure. Although the headline news relates to Deere and does not directly impact GOOGL, it could create a positive sentiment for the AI sector, but the effect may be limited. Technical indicators and current price action suggest that downside risk may persist in the short term.