Pre-Market Rebound

Market Overview - Pre-market futures show a recovery from Monday's market decline, with the Dow up +138 points, S&P 500 up +11, Nasdaq up +113, and Russell 2000 up +4 points, despite ongoing tariff concerns and potential military conflict with Iran [1] Q4 Earnings Reports - Home Depot (HD) reported Q4 earnings of $2.72 per share, beating estimates by $0.20, representing an +8% earnings beat, with revenues of $38.2 billion, slightly outperforming estimates by +0.05%. Shares are up +2.8% in pre-market trading, contributing to a +9.5% gain year to date [2] - Planet Fitness (PLNT) reported earnings of 83 cents per share on revenues of $376.26 million, beating estimates by +5% and +3% respectively. Revenue growth year over year is +10.5%, slightly below its +11.2% annualized growth rate over the past five years. Shares are down -5% in early trading, compounding a -16% loss year to date [3] - Keurig Dr Pepper (KDP) exceeded earnings estimates by a penny, reporting 60 cents per share. Dillard's (DDS) improved earnings estimates by a dime to $10.08 per share, and Constellation Energy (CEG) posted $2.30 per share, with shares up +2.7%, +1.4%, and +1.7% respectively [4] Housing Market Insights - The Case-Shiller Home Price Index for December shows a +1.4% increase, matching the previous month, but significantly lower than the +4.7% gains seen in January of the previous year. Home prices have remained stable since late summer of last year [5] - Chicago led the 20-city survey with a +5.7% year-over-year increase, followed by New York City at +5.0% and Cleveland at +3.4%. Tampa continues to decline, down -3.9% year over year, while Phoenix and Dallas both saw a -1.4% decrease, and Miami was down -1.0% [6] Consumer Confidence Expectations - New Consumer Confidence numbers from The Conference Board are expected to show an increase to 88.6 in February, recovering from a drop to 84.5 the previous month. However, recent data from the University of Michigan Consumer Sentiment Index suggests that consumer sentiment may remain weak, as it reached near three-year lows [7]