Cowen & Co. Maintains Outperform on Home Depot, Lowers Price Target to $360
Cowen & Co. analyst Max Rakhlenko maintains Home Depot (NYSE:HD) with a Outperform and lowers the price target from $379 to $360.
Telsey Advisory Group Maintains Outperform on Home Depot, Lowers Price Target to $340
Telsey Advisory Group analyst Joseph Feldman maintains Home Depot (NYSE:HD) with a Outperform and lowers the price target from $360 to $340.
Investor Optimism Declines After Dow Tumbles Around 700 Points
The CNN Money Fear and Greed index showed a decline in the overall sentiment among US investors.
US stocks dropped sharply on Tuesday amid concerns over higher interest rates. The benchmark 10-year Treasury yield increased to 3.9%, while the 2-year rate rose to 4.7% during the session.
The Fed is scheduled to release the minutes from its recent meeting on Wednesday.
Tesla, Amazon, Coinbase, Palo Alto, Walmart: Why These 5 Stocks Are Drawing Investors’ Attention Today
Major Wall Street indices closed over 2% lower on Tuesday, recording their worst trading session in 2023, as a rebound in U.S. business activity sparked fears of extended rate hikes. The S&P Global Purchasing Manufacturer's index returned to expansion for the first time in eight months in February, reported Reuters.
What Home Depot Q4 Earnings Mean For Lowe’s, The Broader Economy
Home Depot Inc (NYSE: HD) shares are sliding on weak quarterly results, and one analyst sees the report as a sign that consumer spending is softening due to inflation.
Big Retailers Report
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Customers are setting banks on fire in Lebanon because they can’t get their money out.
Inflation is at +170%.
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Home Depot Posts Mixed Q4 Earnings, Hikes Dividend By 10%, Forecasts Decline In FY23 EPS
Home improvement retailer Home Depot Inc (NYSE:HD) reported fourth-quarter FY22 sales growth of 0.3% year-on-year to $35.83 billion, marginally missing the consensus…
Earnings Scheduled For February 21, 2023
Companies Reporting Before The Bell
• Sohu.com (NASDAQ:SOHU) is likely to report earnings for its fourth quarter.
Fear & Greed Index Remains In ‘Greed’ Zone After Dow Gains Over 100 Points
The CNN Money Fear and Greed index remained in the "Greed" zone after US stocks closed mixed on Friday.
The Dow gained more than 100 points on Friday but closed the week down 0.13% for the week, recording losses for the third straight week. The Nasdaq, however, added 0.59% on the week.