Home Depot Reported Disappointing Earnings and Ford Reacted to US Retail Sales 📉

Home Depot Reported Disappointing Earnings and Ford Reacted to US Retail Sales

Home Depot

Home Depot is one of the oldest stocks in the market, and one of the biggest gainers since its IPO with its price increasing by more than a million percent since the 1980s. They are a home improvement retailer based in Atlanta, Georgia, and they have a market cap of $341.041 billion.

On Tuesday, Home Depot reported their second quarter earnings. Their sales rose 8.1% to $41.1 billion, and their net earnings followed it with an 11% increase to $4.8 billion. Home Depot’s stock buyback program was a key booster of their earnings per share, which increased to $4.53. However, investors focused on the sales trend, which seemed to get weaker as less people shopped at Home Depot as part of an industry-wide trend. As a result, Home Depot stock fell 4.27% to $320.75.

Ford

Ford is the automotive giant, with its founder Henry Ford revolutionizing the assembly line and turning Ford into one of the largest companies in the world. They are in Detroit, Michigan, a city that earned the name of the Motor City due to Ford itself, and they have a market cap of $51.892 billion dollars.

On Tuesday, the retail report was released, and Ford investors didn’t like it. Spending on new vehicles decreased due to concerns about the pandemic, which put a simmer on demand. This will lead to companies having to adjust their guidance and investors having to tone down their expectations. The news wasn’t well received as Ford fell 3.49% to $12.99, and similar stocks like General Motors moved similarly.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

What is a kids brokerage account?

23 March, 2023

A kid’s brokerage account is more accurately called a custodial account. This is a brokerage account that parents or legal guardians can open on behalf of their child.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.