Every weekday, CNBC Investing Club with Jim Cramer publishes the Homestretch – an actionable afternoon update, just in time for the final hour of trading on Wall Street. Markets: The Federal Reserve cut the Fed’s overnight interest rate by 50 basis points on Wednesday afternoon, to a range between 4.75% and 5%. The Fed was […]
Despite a slight decline in net income, The Home Depot Inc. continues to have a robust financial position with a significant net income of $4.6 billion in the second quarter of 2024. The acquisition of SRS Distribution Inc. by The Home Depot Inc. signals strategic expansion and diversification and could strengthen the company’s market position. […]
Home Depot Q2 results: Customer transactions decline, cites lower home improvement spending, but raises annual sales forecast Home Depot Inc (NYSE:HD) is trading lower after the home improvement retailer missed sales expectations for the second quarter of 2024. HD reported second-quarter 2024 revenue growth of 0.6% year-over-year to $43.175 billion, narrowly missing the consensus estimate […]
The Home Depot logo is seen in the Florida Keys, USA on May 7, 2024. Jakub Porzycki | Only photo | Home Depot beat quarterly expectations on Tuesday but warned that sales in the second half of the year will be weaker than expected as high interest rates and consumer uncertainty dampen demand. The home […]
