DuPont de Nemours (DD) beat earnings estimates early Tuesday led by higher artificial intelligence and China demand. Other "old economy" stocks Emerson Electric (EMR) and Louisiana Pacific (LPX) scored earnings breakaway gaps. Cummins (CMI) also made a powerful earnings move.
The major indexes rose solidly on Election Day.
On a per-share basis, DuPont, a manufacturer of specialty materials, chemicals and agricultural products, delivered a 28% earnings jump for the third quarter. That was the best gain since Q3 2021.
DuPoint easily beat earnings estimates but slightly missed on revenue. Semiconductor technologies sales jumped 20% on demand recovery led by AI technology ramps and China, the company said. DuPont continues to work on a three-way split-up of the company.
↑ XShares popped 6.5% in Tuesday's stock market trading. DuPont stock gapped up above the 50-day moving average and broke a trendline, offering an early entry. It's now 3% below a 90.06 buy point from a flat base, the MarketSurge chart shows.
In intraday action Tuesday, Louisiana-Pacific stock popped 6.9%, gapping above the 50-day line and breaking a trendline. Shares hit 112.06 intraday, briefly topping a 109.73 buy point from a flat base, base-on-base pattern. Investors could treat the wood-products giant as actionable now.
Emerson Electric stock staged a 67% earnings gap-up on Tuesday, topping a 112.77 cup-with-handle buy point.
Cummins stock rocketed 8.6% and is now extended from a 322.83 entry, meaning shares are no longer in range from that buy point. However, investors could use a buy off the 10-week line or a three-weeks-tight entry at 340.82 as places to buy or add shares.
On Tuesday, Louisiana-Pacific raised full-year guidance after smashing Q3 earnings views. The building solutions provider's siding business led the way with record earnings on 22% sales growth.
Cummins reaffirmed its full-year outlook after posting a 29% Q3 earnings jump. The maker of power train and industrial systems cited improvements in its power systems and distribution units.
Emerson Electric gave solid 2025 guidance after beating Q4 earnings and revenue views. The maker of pressure safety valves and regulators also proposed to buy the remainder of Aspen Technology (AZPN) for $240 per share in cash. Emerson seeks to sharpen its focus on industrial automation. Aspen, an industrial software technology provider, aligns with that strategy.
Separately, Bernstein analysts initiated coverage of Eaton (ETN) with an outperform buy rating and $382 price target. The analysts noted megatrends in power demand including data center buildouts and infrastructure projects.
Last week, Eaton raised full-year guidance after a 15% earnings gain for the third quarter. The power management company taps domestic and global electric markets as well as aerospace.
ETN rose slightly Tuesday, about 3% below a 345.19 buy point.
YOU MIGHT ALSO LIKE:
Why This IBD Tool Simplifies The Search For Top Stocks
Catch The Next Big Winning Stock With MarketSurge
Best Growth Stocks To Buy And Watch
IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today
Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.