finance1 year ago
After-Hours Stock Movers: Ibotta, Cisco, CNH Industrial & More
Ibotta, Cisco Systems, and CNH Industrial are among the companies experiencing significant stock movements in after-hours trading.
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Cnh Industrial
All articles tagged with #cnh industrial
David Einhorn Sees Value in CNH Industrial as a 'Cheap' Agricultural Investment
David Einhorn of Greenlight Capital has taken a medium-sized position in CNH Industrial, viewing it as a value play in the agricultural machinery sector, which he believes is nearing the end of a bearish cycle. Speaking at CNBC's Delivering Alpha conference, Einhorn highlighted CNH's strong dividend yield and stock buyback program, suggesting that demand for agricultural equipment will rise as aging machinery needs replacement. Following his comments, CNH shares rose over 7% in extended trading.
Ford Layoffs Could Boost These Stocks.
Ford is laying off about 1,000 workers, including engineers, as it tries to reduce costs during the transition to electric vehicles. However, some of the engineers being laid off are showing up in other industries, including agriculture. CNH Industrial, a rival of Deere in making tractor combines and heavy-duty machinery, has hired 500 engineers lately from Rivian Automotive, Tesla, Ferrari, and Ford. CNH needs more engineers because the trends toward electrification and autonomous driving transforming personal transportation are affecting it too.