Home Depot on Tuesday reported mixed quarterly results, but checked a number of other crucial boxes for investors — and that was enough for shares to buck the broader market decline in the session. Revenue in the company’s fiscal 2025 first quarter rose 9.4% year over year to $39.86 billion, beating expectations of $39.31 billion, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended in April totaled $3.56, missing the consensus of $3.60, LSEG data showed. Comparable store sales dropped 0.3%, compared with expectations for a 0.1% decline, according to FactSet. Shares of…
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RBC Bearings is poised for further gains as defense demand grows and ample room remains for further acquisitions, according to Morgan Stanley. Analyst Kristine Liwag reiterated her overweight rating and increased her price target on the stock by $25 to $415. That suggests more than 10% potential upside for the stock, which has already popped more than 26% this year. “Demand for RBC products remains strong across Industrials and Aerospace & Defense end markets,” Liwag wrote in a note to clients. “We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential.” Liwag’s…
Analysts on Wall Street think Snowflake is set to deliver another strong quarterly report despite a difficult macroeconomic backdrop. The consensus from analysts at firms ranging from Goldman Sachs to Evercore ISI to Needham is that the cloud-based data storage company’s results will largely show that it’s been able to shake off macroeconomic concerns tied to President Donald Trump’s tariffs, while demand from large-scale data centers and cloud service providers remains robust. Analysts said they will also be listening for updates on Snowflake’s artificial intelligence push. “Though no company is immune to the macro, we believe that SNOW’s consumption revenue…
People gather in the yard of the Ahli Arab hospital, also known as the Baptist hospital, to mourn and bid farewell to the bodies of victims killed in Israeli bombardment in Gaza City, on March 18, 2025. Majdi Fathi | Nurphoto | Getty ImagesBritain on Tuesday paused free trade talks with Israel, summoned its ambassador, and announced further sanctions against West Bank settlers after Prime Minister Keir Starmer said he was horrified by the military escalation in Gaza.The Israeli military announced the start of a new operation last week and Prime Minister Benjamin Netanyahu has said Israel would take control of…
Brandon Guerrero, 34, of Compton, receives both a flu and COVID-19 vaccine at CVS in Huntington Park on August 28, 2024.Christina House | Los Angeles Times | Getty ImagesThe Food and Drug Administration on Tuesday outlined new regulatory guidance for future Covid-19 vaccine boosters, setting stricter approval standards for healthy Americans. The FDA recommended different standards of evidence for approval based on patients’ risk of getting severely sick from Covid, according to a paper published Tuesday in the New England Journal of Medicine. The paper’s authors are FDA Commissioner Marty Makary and Vinay Prasad, an outspoken critic of the pharmaceutical industry…
UnitedHealth has been a major drag on the healthcare sector, but is finally showing signs of a turnaround. This shift in sentiment is starting to show up across many healthcare securities — including the Health Care Select Sector SPDR Fund (XLV) , Humana (HUM) , Eli Lilly (LLY) , Merck (MRK) , AbbVie (ABBV) and others. While I could’ve chosen UnitedHealth for this trade, the stock is currently surrounded by controversies and analyst downgrades. So instead, I’ve decided to focus on Humana, which offers a cleaner set-up with fewer headline risks. For this trade, I’m relying on three technical indicators…
Elon MusK, chief executive officer of Tesla Inc., speaks via video link at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Christopher Pike | Bloomberg | Getty ImagesElon Musk on Tuesday said he plans to spend “a lot less” on political donations in the future, signaling a change in attitude from President Donald Trump’s top campaign backer.Musk, the CEO of Tesla and SpaceX and the head of the government-slashing initiative DOGE, spent more than $250 million helping Trump win a second White House term.But when asked at the Qatar Economic Forum if he will continue…
President Donald Trump arrives with Speaker of the House Mike Johnson (R-LA) for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump on Tuesday warned House Republicans, “Don’t f— around with Medicaid,” as he pressed them during a closed-door meeting to pass a major tax bill, a source told CNBC.Trump’s blunt message came during a visit to Capitol Hill.Movement on the tax bill has been hampered by a small number of Trump’s fellow Republicans in the House of Representatives.Those lawmakers include Republicans from New York and California…
Elon Musk, chief executive officer of Tesla Inc., speaks via video link at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Bloomberg | Bloomberg | Getty ImagesTesla CEO Elon Musk on Tuesday committed to leading the electric-vehicle-maker for the next five years. “Yes, no doubt about that at all,” Musk said in an interview at Bloomberg’s Qatar Economic Forum in Abu Dhabi.Musk’s comments come after some investors have questioned his dedication to Tesla. He has been serving as a key advisor to President Donald Trump in leading the so-called Department of Government Efficiency, which has…
Check out the companies making headlines in premarket trading. Home Depot — The home improvement retailer gained 2.4% after it stuck by its guidance for the full year . CFO Richard McPhail also told CNBC Home Depot doesn’t plan to increase prices due to tariffs. Viking Holdings — Shares of the cruise line fell 5.6% despite first-quarter results coming in better than expected. Viking lost 24 cents per share, excluding items, on revenue of $897.1 million. Analysts polled by FactSet expected a loss of 29 cents per share on revenue of $841.2 million. Hewlett Packard Enterprise — The cloud tech…
