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Home Depot Post-Earnings; Nvidia Dips; Coinbase's Crypto Pop

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Manage episode 483849209 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

On this episode of Stock Movers:
- Home Depot (HD) shares are rising this morning despite reporting earnings that fell short of estimates. Home Depot's sales came in shy of expectations, with comparable sales dropping 0.3% in the three months that ended May 4. The company's CFO attributed the slowdown to weakening consumer sentiment and economic turbulence, with consumers deferring larger projects due to the rate environment.
- Lowe's (LOW) shares are sinking today as it readies to release its earnings. It comes as Home Depot warns of price pressure amid high rates and tariffs affecting DIY projects.
- Nvidia (NVDA) is lower this morning as investors digest CEO Jensen Huang's comments that the chip maker is opening its AI server platform to rival chipmakers. In addition to that, Huang is saying the US government's decision to limit sales to Chinese customers would hurt revenue.
- Coinbase (COIN) is higher this morning in line with the Bitcoin trade. It comes as the US Senate overcame a procedural blockade on stablecoin legislation, paving the way for debate on the Senate floor, with a possible vote as soon as this week. The bill still faces opposition from progressive Democrats, who argue it lacks safeguards to prevent stablecoins from endangering the financial system and allowing criminals to exploit them.

See omnystudio.com/listener for privacy information.

  continue reading

314 episodes

Artwork
iconShare
 
Manage episode 483849209 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

On this episode of Stock Movers:
- Home Depot (HD) shares are rising this morning despite reporting earnings that fell short of estimates. Home Depot's sales came in shy of expectations, with comparable sales dropping 0.3% in the three months that ended May 4. The company's CFO attributed the slowdown to weakening consumer sentiment and economic turbulence, with consumers deferring larger projects due to the rate environment.
- Lowe's (LOW) shares are sinking today as it readies to release its earnings. It comes as Home Depot warns of price pressure amid high rates and tariffs affecting DIY projects.
- Nvidia (NVDA) is lower this morning as investors digest CEO Jensen Huang's comments that the chip maker is opening its AI server platform to rival chipmakers. In addition to that, Huang is saying the US government's decision to limit sales to Chinese customers would hurt revenue.
- Coinbase (COIN) is higher this morning in line with the Bitcoin trade. It comes as the US Senate overcame a procedural blockade on stablecoin legislation, paving the way for debate on the Senate floor, with a possible vote as soon as this week. The bill still faces opposition from progressive Democrats, who argue it lacks safeguards to prevent stablecoins from endangering the financial system and allowing criminals to exploit them.

See omnystudio.com/listener for privacy information.

  continue reading

314 episodes

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