Home Depot (HD) rises even as they miss earnings estimates. The stock is up 4% even as they missed by 4 cents as sales rose 4% to $45.28 billion. Guidance was not great as management said a number of consumer’s big projects are still on hold. Home Depot did say same store sales did improve showing signs of hope. Investors are also optimistic that lower rates this fall could stimulate demand.
Medtronic (MDT) pulling back 4% as the medical device maker reported better than expected earnings and lifts guidance. The company also appointed two new board members to appease activists Elliott Investment Management.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage