Housing Market Insights - Housing Starts for July reached 1.43 million seasonally adjusted, annualized units, significantly exceeding the projected 1.29 million and the revised 1.36 million from the previous month, marking the highest level since February and the third-best month in the past year [2] - Building Permits fell to 1.35 million, below the expected 1.39 million and the downwardly revised 1.39 million from the prior month, indicating a fourth consecutive monthly decline, reminiscent of levels seen during the Covid pandemic [3] Multi-family vs. Single-family Housing - Multi-family housing saw a substantial increase of +11.6% month over month and +27% year over year, suggesting strong demand for apartment and condo living despite high supply [4] - Single-family housing growth was positive but lagged behind multi-family, with increases of +2.8% month over month and +8% year over year, impacted by high mortgage rates keeping potential buyers sidelined [5] Home Depot Performance - Home Depot reported Q2 earnings of $4.68 per share, missing expectations by 3 cents, resulting in a -0.64% earnings surprise, marking the second consecutive earnings miss [6] - Revenues for the quarter were $45.38 billion, slightly missing expectations by -0.5%, but still reflecting a nearly +5% year-over-year increase; the company maintained its fiscal year guidance, contributing to a +1.6% rise in stock price during early trading [7] Upcoming Market Events - Fed Vice Chair Michelle Bowman, a proponent of a 25 basis point interest rate cut, is scheduled for appearances today, ahead of the release of the FOMC meeting minutes, which may provide insights into potential future rate cuts [8] - Luxury homebuilder Toll Brothers is set to report fiscal Q3 earnings, with estimates indicating a slight year-over-year decline in earnings (-0.28%) but a revenue increase of +4.56% compared to the previous year [9]

Core Insights - Home Depot is focusing on professional builders to drive growth, as they spend more per project and are less affected by consumer sentiment compared to DIY customers [2][4][6] - The U.S. pro builder market is estimated to be over $450 billion annually, allowing for sustainable growth even with modest market share gains [1][7] Strategy and Market Positioning - Home Depot's strategy includes enhancing its supply chain with digital platforms, AI logistics, credit options, and loyalty programs like Pro Xtra to attract contractors [1][12] - The company aims to position itself as a distribution partner rather than just a retailer, competing with specialty wholesalers [10] Competitive Advantages - The acquisition of SRS Distribution for $18.3 billion enhances Home Depot's presence in roofing, landscaping, and specialty building supplies, providing breadth and depth in product offerings [8] - The integration of SRS allows for faster fulfillment and better relationship building with contractors, leveraging industry veterans to foster trust [9] Technology and Services - Home Depot is utilizing technology to streamline B2B operations, with initiatives like pro-specific digital platforms for bulk orders and AI-powered delivery scheduling [11][12] - The company is expanding its service offerings beyond products to include financing, training, and workforce development support for contractors [12][13]

家得宝还重申了全年业绩指引。该公司预计全年总销售额将增长 2.8%，而剔除一次性因素(如新店开业 和不同月份的影响)后的同店销售额将增长约 1%。 智通财经APP获悉，周二，家得宝(HD.US)股价走高，截至发稿，该股涨超3.5%，报408.66美元。家得 宝第二季度非GAAP每股收益为4.68美元，比预期低0.01美元。营收为452.8亿美元，同比增长4.8%。首 席财务官Richard McPhail表示，该公司业绩是近两年来最为出色的。消费者正越来越多地着手开展小型 项目，而在16个销售部门中，有12个部门的销售额实现了同比增长。而且，在该季度的每个月里，销售 额的同比趋势都有所改善，5 月份的同店销售额增长了0.3%，6月份增长了0.5%，7月份增长了3.3%，他 说道。他说："在整个季度里，我们核心业务领域的增长势头一直持续增强。" ...

Home Depot reporting its first earnings miss on both the B bottom and top line since May 2014, but stocks trading higher after maintaining its fullear outlook. Other major retail reports on deck this week. We've got Target, Lowe's, TJ Maxx tomorrow, and then Walmart on Thursday.Joining us now is DA Davidson, senior analyst, Michael Baker. Michael, it it's good to have you. Did you see a reason to buy in this report.Sure. Yeah, although uh it was a little bit light of expectations. Uh the comps were only lik ...

Market Trends & Economic Factors - Tariffs may soon impact prices [1] - Consumers are delaying larger projects due to higher interest rates [1] - Economic uncertainty contributes to consumers holding off on larger projects [1]

Core Insights - Home Depot Inc reported second-quarter earnings of $4.68 per share on revenue of $45.28 billion, which were lower than expected, marking the second consecutive quarter of missed estimates [1] - Despite the earnings miss, the company reaffirmed its full-year guidance, indicating confidence in its performance [1] - The stock price increased by 3.3% to $407.52, reaching its highest level since February, and is up 4.4% year-to-date [2] Financial Performance - The reported earnings and revenue figures were below market expectations, but the company has managed to maintain a positive outlook due to strong online sales and consistent demand for home improvement projects [1] - Historically, Home Depot has experienced muted post-earnings results, but current momentum could lead to the largest earnings rise since November 2023 [2] Analyst Sentiment - Out of 34 firms covering Home Depot, 26 have rated it a "buy" or better, while only eight have rated it a "hold" or worse, indicating strong analyst confidence [3] - Telsey Advisory Group Securities reaffirmed an "outperform" rating for the stock, further supporting the positive outlook [3] Options Market Activity - There has been significant bullish sentiment in the options market, with 44,000 calls and 28,000 puts exchanged, which is seven times the usual intraday volume [4] - The most popular options contracts are the August 430, 420, and 415 calls, with new positions being opened in all three [4] - The stock's 50-day call/put volume ratio of 1.85 is higher than 95% of readings from the past year, indicating increased bullish activity among options traders [5]

Core Insights - Home Depot may experience "some modest price movement" following its previous decision not to raise prices due to tariffs, as reported by the Wall Street Journal [1] - The retailer missed earnings and revenue estimates, suggesting a potential decline in consumer spending, which will be further clarified after earnings reports from other major retailers like Lowe's, Target, and Walmart [1] Group 1 - Home Depot's earnings and revenue fell short of market expectations [1] - The upcoming earnings calls from retailers such as Lowe's and Walmart may provide insights into the impact of tariffs on consumer spending [2]

Market Overview - U.S. stocks showed mixed performance with the Dow Jones index gaining over 200 points, up 0.50% to 45,137.22, while NASDAQ fell 0.43% to 21,535.75 and S&P 500 rose 0.07% to 6,453.60 [1] - Real estate shares increased by 1.3%, while communication services stocks decreased by 1% [1] Company Performance - The Home Depot Inc. reported second-quarter fiscal 2025 sales of $45.277 billion, a 4.9% increase from $43.175 billion a year earlier, but slightly below Wall Street's estimate of $45.356 billion [2] - Net earnings for The Home Depot were $4.6 billion, or $4.58 per diluted share, compared to $4.6 billion, or $4.60 per share, in the prior year [3] - Adjusted diluted earnings per share were $4.68, just above last year's $4.67 but below the $4.71 consensus estimate [3] Commodity Market - Oil prices decreased by 0.9% to $62.86, while gold prices increased by 0.1% to $3,380.60 [6] - Silver fell by 0.4% to $37.895, and copper dropped by 0.7% to $4.4390 [6] European Market - European shares were generally higher, with the eurozone's STOXX 600 rising by 0.7% and Spain's IBEX 35 Index increasing by 0.5% [7] - London's FTSE 100 rose by 0.2%, Germany's DAX 40 gained 0.4%, and France's CAC 40 increased by 1.1% [7] Asian Market - Asian markets closed mostly lower, with Japan's Nikkei 225 down 0.38% and Hong Kong's Hang Seng down 0.21% [10] - China's Shanghai Composite fell by 0.02%, while India's BSE Sensex gained 0.46% [10] Economic Indicators - U.S. housing starts increased by 5.2% from the previous month to an annualized rate of 1.428 million in July [12] - Building permits declined by 2.8% to an annualized rate of 1.354 million in July [12]

Home Depot Warns Of Price Changes From Tariffs After Missing Quarterly Earningshttps://t.co/eWeglS4o6W https://t.co/9aTQRWAIli ...

Home Depot has been hosting its earnings call this hour. Let's get to Courtney Reagan with some highlights. Morning, Courtney.>> Hi, Carl. Yeah, so despite missing the street's expectations for earnings and revenue for the first time since May of 2014, shares are higher on the reaffirmed guidance for the full year. Comparable sales also disappointed slightly, only the second positive comp in 11 quarters.though sales did continue to get stronger each month of the quarter and McFale just said the CFO on the c ...