Target's Weak Outlook; Lowe's Pops; UNH Nursing Home Report

Stock Movers

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1d ago 4:09

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On this episode of Stock Movers:
- Target (TGT) shares are lower this morning after the company cut its sales forecast due to a weaker-than-expected quarter, with comparable sales dropping 3.8% and net sales expected to decline by a low single digit this year. he company is taking steps to drive traffic back into its stores and website, including management reshuffles, a new "multiyear acceleration office", and a focus on offering new items and key products at a good value.
- Lowe's (LOW) moved upwards this morning after comparable sales beat expectations in the latest quarter, despite a 1.7% dip, and the company expects the key sales metric to be flat to up 1% this year. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.
- Home Depot (HD) is following Lowe's higher as earnings from the rival DIY retailer drive the sector higher. President Trump's tariffs are expected to create challenges for the sector, with prices of goods expected to rise, and the home category is especially vulnerable to tariffs due to overseas sourcing and discretionary demand.
- UnitedHealth Group (UNH) is on the downswing today amid another bad press report. The Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents.

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