On this episode of Stock Movers:
- Shares of Home Depot (HD) fell ahead of the US market open after the company cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases. The world’s largest home-improvement retailer said it expects adjusted earnings per share to decline 5% from a year ago, lower than its previous forecast. The company said its profit and comparable sales came in lower than expected in the last quarter, citing the overall weakness in the housing market and a lack of storms that hampered demand in roofing, generators and other categories.
- Shares of Microsoft (MSFT) and Amazon (AMZN) both moved lower in the early session after Rothschild & Co Redburn’s Alexander Haissl downgraded the stocks for the first time since initiating coverage in June 2022, according to data compiled by Bloomberg. Haissl’s downgrades follow a selloff in the tech-heavy Nasdaq 100, which has wiped out almost $1.8 trillion since a late-October peak to send the gauge down 5.1% in that time. Investors have retreated from AI-related stocks amid unease over stretched valuations.
- Shares of Apple (AAPL) moved higher in premarket trading after the company's iPhone 17 series drove a 37% rise in its monthly smartphone sales in China, signaling strong momentum in a key market. iPhones accounted for one in every four smartphones sold in the country in October, the first time it’s hit that threshold since 2022, according to Counterpoint Research. The figures suggest Apple’s year-on-year upgrades are resonating with consumers and support Chief Executive Officer Tim Cook’s prediction that the company will return to growth in China this quarter.

On this episode of Stock Movers: - Shares of Home Depot (HD) fell ahead of the US market open after the company cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases. The world&rsquo;s largest home-improvement retailer said it expects adjusted earnings per share to decline 5% from a year ago, lower than its previous forecast. The company said its profit and comparable sales came in lower than expected in the last quarter, citing the overall weakness in the housing market and a lack of storms that hampered demand in roofing, generators and other categories. - Shares of Microsoft (MSFT) and Amazon (AMZN) both moved lower in the early session after Rothschild &amp; Co Redburn&rsquo;s Alexander Haissl downgraded the stocks for the first time since initiating coverage in June 2022, according to data compiled by Bloomberg. Haissl&rsquo;s downgrades follow a selloff in the tech-heavy Nasdaq 100, which has wiped out almost $1.8 trillion since a late-October peak to send the gauge down 5.1% in that time. Investors have retreated from AI-related stocks amid unease over stretched valuations. - Shares of Apple (AAPL) moved higher in premarket trading after the company's iPhone 17 series drove a 37% rise in its monthly smartphone sales in China, signaling strong momentum in a key market. iPhones accounted for one in every four smartphones sold in the country in October, the first time it&rsquo;s hit that threshold since 2022, according to Counterpoint Research. The figures suggest Apple&rsquo;s year-on-year upgrades are resonating with consumers and support Chief Executive Officer Tim Cook&rsquo;s prediction that the company will return to growth in China this quarter.

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Stock Movers

Home Depot Cuts Guidance; Microsoft & Amazon Decline; Apple Bolstered by China Sales

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