Bunge (BG) is the stock to watch today. Shares gained 12.96% to close at $93.09 on Wednesday after posting strong quarterly results.
The global leader in agribusiness raised its full-year earnings outlook. Its earnings per share forecast fell slightly to a range of $7.30 - $7.60. Shareholders expressed relief that its Viterra operational integration will have minimal shareholder dilution.
Bunge bought Viterra in mid-2023. Investors should consider accumulating both BG stock and Archer Daniels Midland (ADM).
Bulls took another run higher for Advanced Micro Devices (AMD) stock. It gained 9.4% to close at close within a dollar of its 52-week high of $240.10. HSBC upgraded the AI chip leader, Nvidia (NVDA). Analysts expect a higher GPU addressable market. In addition, the data center revenue might top $351 billion.
The analysts almost doubled the share price target of AMD stock to $310, up from $185. AMD won a supply deal with OpenAI. That would increase its revenue for AMD Instinct MI450 GPU sales. Sales start in the second half of 2026.
First Solar (FSLR) added 8.9% yesterday. Several analysts hiked their forecast on the firm. That included Citigroup (C), Bank of America (BAC), and BMO Capital Markets.
Companies to watch for rebounding included Axon Enterprise (AXON). The stock is on a downtrend in the absence of news. TransDigm Group (TD) broke below its $1,300 support level on no news as well.
