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Stock futures rebounded from Monday’s declines as a temporary exemption to a blacklist against China’s Huawei Technologies ignited a more risk-on sentiment among investors.
A swathe of retail earnings reports Tuesday will provide further indications of the strength of the consumer and the companies that cater to them.
Google's move to revoke Huawei's operating license for Android is not really separate from the larger US-China trade dispute, according to one expert.
Home Depot reported better than expected profit and revenue for the first quarter despite a damp start to 2019. Comparable store sales, a key gauge of a retailer's health, increased 2.5%, short of the 4.2% expected by industry analysts, according to a survey Zacks Investment Research. Neil Saunders, managing director of GlobalData Retail, said weather was not the only thing Home Depot had to deal with.
A Look at NASDAQ’s Worst Performers YesterdayNASDAQ 100On May 20, the NASDAQ 100 Index continued to tank for the second consecutive day. In the last couple of days combined, it has lost nearly 3%. In the weeks ended May 10 and May 17, the NASDAQ
The founder of Huawei expressed confidence Washington's curbs on sales to the Chinese tech giant will have little impact and said Tuesday it is discussing "emergency relief" from Google for possible loss of services for its smartphone business. Huawei Technologies Ltd., the biggest maker of network gear for phone carriers, has "supply backups" if it loses access to American components, Ren Zhengfei told Chinese reporters. The Trump administration's order last week steps up pressure on Huawei, which Washington says is a security risk, and threatens to hamper sales of network gear and other products.
Though Deutsche Bank's (DB) listed asset management unit continues to spike interest of several asset managers, a deal seems unlikely on account of controlling issues.
Assessing Agilent Technologies after Its Second-Quarter Release(Continued from Prior Part)Revenue by segmentIn the second quarter, Agilent Technologies’ (A) LSAG (Life Sciences and Applied Markets Group) core revenue fell 1% YoY (year-over-year)
Cisco Stock Soars on Strong Q4 Outlook(Continued from Prior Part)Analysts’ recommendations for CiscoOf the 30 analysts covering Cisco Systems (CSCO), 21 have given the stock “buy” ratings, while nine have given it “holds.” No analysts have
Home Depot (HD) delivered earnings and revenue surprises of 5.09% and 0.32%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
This trend has been in place since the recession, offering Home Depot a big boost, but there have been signs that the market is cooling off. On Tuesday, the company said the current housing backdrop led it to reaffirm its guidance for fiscal 2019.The spring is Home Depot’s most lucrative time of the year, a period that spans the end of the first quarter and the beginning of the second. The company said it was pleased with the underlying performance of its core business despite unfavorable weather in February.Like many long-standing national retailers, Home Depot has basically stopped adding stores and instead relies on making locations more productive while boosting online purchases.
Home Depot reported a rise in earnings that beat analysts’ expectations in the first quarter, but a closely watched sales metric missed estimates as the US housing market stuttered. The Atlanta-based company said net earnings rose to $2.5bn in the first quarter of fiscal 2019, beating expectations and up from $2.4bn the previous year. Earnings per diluted share rose to $2.27, 9 cents above estimates compiled by Factset.