Core Insights - Home Depot reported a 1% decrease in earnings to $3.74 per share adjusted, missing analyst expectations of $3.84 per share [1] - Sales increased by 2.8% to $41.35 billion, which was below market expectations [1] Company Performance - Home Depot's stock retreated following the earnings report and lowered outlook [1] - The performance of Home Depot is contrasted with rival Lowe's, which is set to report earnings soon [1] Market Context - The Dow Jones index experienced a significant drop of 300 points, with Home Depot, Nvidia, and Palantir being early losers in the market [2]

Lowe’s Cos. reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. Adjusted earnings per share were $3.06 in the third quarter, the company said in a statement Wednesday, compared with the $3.00 estimate of analysts surveyed by Bloomberg. Most Read from Bloomberg Lowe’s reported positive same-store sales growth for a second consecutive quarter on strength in its digital channel and in home services. It saw “continued growth” in sales to p ...

Financial Performance - Lowe's profit exceeded expectations [1] Market Trends - Consumer spending on home renovations contributed to Lowe's profit [1]

Core Viewpoint - Lowe's reported higher third-quarter sales, leveraging its online business to mitigate challenges in the home improvement market [1] Group 1: Company Performance - The increase in sales during the third quarter indicates a successful adaptation to market conditions [1] - The online business has played a crucial role in offsetting weaknesses in the traditional home improvement sector [1] Group 2: Market Context - The home improvement market is currently experiencing a downturn, which has affected many retailers in the sector [1] - Lowe's ability to maintain sales growth amidst these challenges highlights its competitive positioning and strategic focus on e-commerce [1]

Lowe's stock bounces after third-quarter sales of stores open more than a year rise more than expected, but also outpace those of rival Home Depot. ...

“We expect Nvidia to exceed estimates and provide future earnings and revenue guidance that is higher than investors expect. It’s unlikely that Nvidia has seen any slowdown in demand for its products, even with increased competition, given how early we are in the AI cycle,” said James Demmert at Main Street Research.Investors are eagerly awaiting Nvidia’s third-quarter earnings report, scheduled for release after the market close. The chipmaker’s earnings reports have been market-moving since May 2023, when ...

Lowe's Cos missed Wall Street estimates for third-quarter comparable sales on Wednesday, as customers remained wary of spending on big-ticket home remodels amid economic uncertainty and elevated borro... ...

Core Viewpoint - Earnings reports are anticipated from Lowe's and Target, indicating potential insights into retail sector performance and consumer spending trends [1] Group 1: Company Earnings - Lowe's is expected to release its earnings report, which may provide valuable information regarding its financial health and operational efficiency [1] - Target is also set to announce its earnings, which could reflect its market position and consumer engagement strategies [1] Group 2: Industry Implications - The earnings reports from these major retailers will be closely monitored for indications of broader retail industry trends and economic conditions [1]

Lowe’s Companies, Inc. (NYSE:LOW) will release earnings results for the third quarter, before the opening bell on Wednesday.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $2.95 per share, up from $2.89 per share in the year-ago period. The consensus estimate for Lowe’s quarterly revenue is $20.84 billion, compared to $20.17 billion a year earlier, according to data from Benzinga Pro.On Nov. 14, the company's board declared a quarterly cash dividend of $1.20 per ...

Market Overview - The U.S. stock market experienced volatility, with the S&P 500 rising 0.4% after fluctuating between a small loss and a gain of 1.1%, breaking a four-day losing streak, the longest in nearly three months [1] - The Dow Jones Industrial Average increased by 47 points, or 0.1%, while the Nasdaq composite rose by 0.6% [2] Company Performance - Constellation Energy saw a significant rally of 5.3% after the U.S. Department of Energy announced a $1 billion loan to help restart its nuclear power plant at Three Mile Island [2] - Lowe's stock increased by 4% following a stronger-than-expected profit report for the summer [2] - Target's stock dropped by 2.8% due to weaker revenue than analysts anticipated, with indications of ongoing challenges through the holiday shopping season [3] Nvidia's Influence - Nvidia's stock rose by 2.8% as traders anticipated its profit report, which is crucial for market sentiment [3] - Nvidia has become the largest stock on Wall Street, briefly surpassing a market value of $5 trillion, significantly influencing the S&P 500's direction [4] - The company aims to counter criticism of its high stock price by continuing to deliver substantial profits, as stock prices generally align with profit growth over time [4] Future Outlook - Following Nvidia's stronger-than-expected profit report, the stock market may be positioned for further gains [5] - Nvidia's CEO, Jensen Huang, indicated that the company has entered a "virtuous cycle of AI," with a forecast of approximately $65 billion in revenue for the current quarter, exceeding analysts' expectations [5] AI Market Impact - Nvidia is viewed as a bellwether for the AI technology sector, with other companies utilizing its chips to enhance their AI initiatives [6] - Stocks linked to AI, including Alphabet and Palantir Technologies, have contributed significantly to the U.S. stock market's record-setting performance this year [6]