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LOW News30 articles
Home Depot Beats Q2 Forecasts but Stock Slips as Shopper Traffic Wanes
Home Depot beat Q2 estimates but shares fell 0.96% as transactions dropped 1%. A $730M tariff refund aided results. PCE inflation and Jackson Hole loom.
Gates Foundation Trust Discloses $352.68M Home Depot Stake
The Gates Foundation Trust disclosed a new 1 million-share stake in Home Depot (HD) valued at $352.68 million, but the filing does not indicate a personal purchase by Bill Gates.
Home Depot's Q2 Beat Masked by Tariff Refund, Margin Pressure Looms
Home Depot's Q2 sales beat expectations, but a $685M tariff refund hid underlying margin pressure. Comparable sales rose 1.7% as traffic declined, and full-year guidance was reaffirmed.
Home Depot Beats Q2 Estimates as Bigger Baskets Offset Fewer Shoppers
Home Depot (HD) reported Q2 sales and earnings that beat expectations, driven by a 2.8% increase in average ticket size, which offset a 1% decline in customer transactions. The company kept its full-year outlook unchanged.
Retail Earnings Week Kicks Off After July Sales Dip
U.S. cash markets are closed Sunday, but a heavy retail earnings week begins Tuesday. July retail sales dropped 0.6%, missing forecasts, as investors focus on guidance.
Retail, Housing, and Chip Earnings to Test Demand Amid Rising Yields
Seven major U.S. companies report earnings this week, providing critical signals on consumer spending, housing, and AI demand as Treasury yields rise and the market nears highs.
S&P 500 Nears Record as Tech Outflows Signal Investor Selectivity
S&P 500 hovers near record as $4.62B tech outflows contrast with $8.78B growth inflows. Fed minutes and retail earnings will test rally's breadth.
Retail Sales Miss Boosts Fed Pause Bets, Spurs Risk-On Flows
US retail sales dropped 0.6% in July, missing forecasts and boosting Fed pause odds. Investors poured $67.66B into stocks, bonds, cash, and gold, while tech funds saw outflows.
Home Depot Stock Slips as CEO Takes Medical Leave
Home Depot shares fell 2.5% as CEO Ted Decker takes temporary medical leave. Two long-serving executives will lead until his return, with earnings due next week.
Walmart Fire Pit Deal Highlights Marketplace Growth Amid Burn Ban
Walmart's marketplace strategy is in focus as a third-party seller offers a discounted fire pit, highlighting fee-based growth despite regional burn restrictions.
Lowe's Valuation Gap Widens as EPS Growth Outpaces Home Depot
Lowe's shares slipped 1.5% to $201.33, trading at 16.1 times earnings versus Home Depot's 21.7, despite stronger adjusted EPS growth.
Home Depot's Valuation Premium Faces Housing Headwinds
Home Depot's 36% P/E premium over Lowe's faces pressure from declining housing permits and rising mortgage rates.
July 4 Store Hours: Walmart, Target Open; Costco Shutters
Major retailers like Walmart, Target, and Home Depot stay open on July 4, while Costco closes. NRF projects record food spending and AAA forecasts 72.2 million travelers.
Boomer Wealth Tops $90 Trillion but Cash Reserves Are Thin, Posing Risks for Banks and Retailers
U.S. baby boomers control nearly $90 trillion in household wealth, yet their average liquid cash is only $100,250, signaling a key risk for firms dependent on retiree cash flow rather than net worth.
Home Depot Rises Despite Housing Weakness and Downgrade
Home Depot shares rose 4.7% to $339.61, helping lift the Dow, even as Wolfe Research downgraded the stock and U.S. new-home sales fell 7.3% in May.
Home Depot Gains 2.1% as Housing Data Clouds Outlook
Home Depot shares climbed 2.1% in a shortened week, but soft housing data and upcoming new-home sales figures keep the outlook uncertain. The company reaffirmed its 2026 targets.
Home Depot Holds Firm Amid Market Turmoil; Housing Data Awaited
Home Depot gained 0.27% Friday to $310.78, bucking a sharp market decline. The stock's resilience will be tested Monday as markets digest a strong jobs report and rising rate concerns.
Wall Street Edges Higher as Chip Stocks Rally Ahead of Nvidia's Earnings
U.S. stocks edged higher Wednesday, led by chip stocks ahead of Nvidia's earnings. The S&P 500 rose 0.18% while oil prices fell.
Lowe's Beats Q1 Estimates but Shares Slip on Housing Headwinds
Lowe's beat Q1 estimates with sales of $23.08B and adjusted EPS of $3.03, but shares fell 3% premarket as rising mortgage rates and weak housing trends weighed on sentiment.
Bond Yield Surge Rattles Wall Street, Nvidia Earnings in Focus
U.S. stocks declined Tuesday as rising Treasury yields and elevated oil prices reignited inflation concerns. Nvidia's earnings and Home Depot's results were key market drivers.
Wall Street Slides as Surging Bond Yields and Oil Prices Rattle Markets
The Dow fell 249 points Tuesday as rising bond yields and oil prices sparked inflation fears. Home Depot reported solid Q1 sales but left guidance unchanged.
Home Depot Q1 Earnings Signal Housing Market Strain
Home Depot reported Q1 sales of $41.8B, up 4.8%, beating estimates, but comparable sales rose only 0.6%, missing forecasts. Net earnings fell to $3.3B. The company kept its 2026 outlook unchanged.
McDonald's Stock Edges Higher Amidst Broader Market Decline; Focus on Value Strategy
McDonald's shares closed up Friday despite a broader market selloff, as the company's value strategy and Q1 earnings beat offer some support.
Wall Street Rally Pauses as Oil Surge and Yield Spike Trigger Broad Selloff
U.S. stocks ended lower Friday, snapping a record run as rising oil prices and Treasury yields rattled markets. The S&P 500 still eked out a weekly gain of 0.1%.
Home Depot Markdown Fraud Case Highlights Internal Control Risks
A former Home Depot manager in Miami-Dade County has been charged with grand theft and organized fraud for allegedly approving unauthorized discounts totaling $4.3 million. The case raises questions about internal controls as the retailer focuses on pro contractors.
Costco Faces Growing Pressure Over Tariff Refund Transparency
House Democrats are pressing Costco and other retailers to clarify how tariff refunds will reach consumers, while a class action lawsuit demands payback. COST shares last traded at $1,011.15.
Wren Kitchens Shutters All US Operations, Layoffs in Pennsylvania
Wren US Holdings has closed all US showrooms and studios, leading to layoffs in northeastern Pennsylvania, reversing a 2020 expansion that promised 360 jobs.
Mortgage Rates Hold Near Recent Lows, Yet Spring Housing Demand Remains Subdued
Mortgage rates stabilized near recent lows, sparking a 5.1% weekly jump in refinance applications. However, purchase demand dipped 1% as builder confidence fell to a seven-month low amid economic uncertainty.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.
Home Depot Gains as Housing Data and Fed Outlook Shape Retailer's Path
Home Depot stock advanced 1.5% Friday, closing at $380.72, while the broader market declined. The home improvement retailer's performance remains tied to interest rates and sluggish housing turnover, with key economic reports due next week.