Dow Jones, Nasdaq, S&P 500 weekly preview: CPI report, retail earnings in focus

Home Depot (HD) PT Lowered to $318 at HSBC

HSBC analyst Daniela Bretthauer lowered the price target on Home Depot (NYSE: HD) to $318.00 (from $323.00) while maintaining a Reduce rating.

The analyst comments "We retain our Reduce rating and lower our TP to USD318 from USD 323: We fine-tune our EPS... More

KeyBanc comments on Home Depot (HD) earnings

KeyBanc comments on Home Depot (NYSE: HD) earnings.

The analyst comments "1Q results were largely in line with expectation. HD reported mixed 1Q results, with EPS above consensus but comps softer than expected, due to a delayed start to spring and continued softness in larger... More

Citi Comments on Alibaba (BABA)

Citi Comments on Alibaba (NYSE: BABA).

The analyst comments "Ali reported inline FY4Q24 result with total revs of Rmb221.9bn, +7% y/y, 0.7% above our estimate of Rmb220.4bn and 0.9% above consensus of Rmb219.8bn. China retail revs +3% yoy to Rmb88.3bn, with... More

Goldman Sachs Reiterates Buy Rating on Home Depot (HD)

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $388.00 price target on Home Depot (NYSE: HD)

The analyst comments "HD reported 1Q24 EPS of $3.63, below the GS estimate of $3.70 but above consensus (Refinitiv) of $3.60. Net sales decreased 2.3% y/y to $36.4bn (vs. GS/consensus of $37.0bn/$36.7bn) as comparable... More

Morgan Stanley Reiterates Equalweight Rating on Nomura Holdings Inc. (8604:JP) (NMR)

Morgan Stanley analyst Mia Nagasaka reiterated an Equalweight rating and JPY970.00 price target on Nomura Holdings Inc. (8604:JP) (NYSE: NMR).

The analyst comments "Plans to expand resource-light, low-volatility businesses at wholesale division: 1) Over the near term, it will target wholesale pre-tax... More

Morgan Stanley Reiterates Overweight Rating on Home Depot (HD)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $380.00 price target on Home Depot (NYSE: HD)

The analyst comments "No guidance change is good news for this bottom of cycle bellwether. 1H bathtub effect is not unusual. 24/25 estimates seem fine. No major... More

Evercore ISI Reiterates Outperform Rating on Home Depot (HD)

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $420.00 price target on Home Depot (NYSE: HD)

The analyst comments "1Q in line and 2024 guidance reaffirmed (excl. SRS acquisition) mean the 9AM call will be key. EPS beat slightly and comps slightly below street expectations. 1Q comps of -2.8% compares to... More

RBC Capital Reiterates Sector Perform Rating on Home Depot (HD)

RBC Capital analyst Steven Shemesh reiterated a Sector Perform rating and $377.00 price target on Home Depot (NYSE: HD)

The analyst comments "Bottom line: Comp missed, but was in-line w/ RBCe and where we believe the buyside was positioned. EPS beat by 1%, but... More

Citi Comments on Home Depot (HD) Earnings

Citi Comments on Home Depot (NYSE: HD).

The analyst comments "HD reported a mixed 1Q print (i) EPS slightly beat the Street driven by a 9c lower tax rate benefit as EBIT missed, (iii) SSS of -2.8% missed the Street's -2.0% estimate with... More

Alibaba (BABA) stock tumbles after earnings fall short

(Updated - May 14, 2024 9:58 AM EDT)

Alibaba (NYSE: BABA) reported its financial results for the first quarter ended March 31, 2024. Earnings fell short of analyst expectations, sending its stock more than 6% lower on Tuesday.

The Chinese e-commerce giant posted an adjusted earnings per share (EPS) of RMB10.14 (US$1.40), which was RMB0.13 below the analyst estimate of RMB10.27. Despite this miss, the company's revenue saw a 7% increase to RMB221.87 billion (US$30,729 million), slightly above the consensus estimate of RMB220.32 billion.

Alibaba's CEO Eddie Wu attributed the quarter's performance to the company's strategic... More

DA Davidson Adds Walmart (WMT) to Best of Breed Bison List

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $69.00 price target on Walmart (NYSE: WMT).

The analyst comments "We are adding Walmart as our next Best-of-Breed Bison company within the framework developed by D.A. Davidsons research team to find long term,... More

Home Depot (HD) earnings preview

Home Depot (NYSE: HD) is set to report its first-quarter 2024 earnings on Tuesday, May 14th, with analysts at Telsey Advisory Group (TAG) offering insights into what investors can anticipate from the retail giant.

TAG's view on Home Depot's performance remains cautious, citing several factors contributing to near-term softness. One key challenge... More