On this episode of Stock Movers:
- Home Depot (HD) shares fall. Sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, leading Americans to take on smaller projects instead of extensive remodels.
- Amer Sports (AS) shares rise. Amer Sports Inc. said consumers prioritizing their health and looking for premium products are sustaining demand through an unfavorable economic climate. The company raised its full-year guidance after first-quarter results beat estimates, and now expects revenue to grow to a certain range in 2026.
- Hyperliquid Strategies (PURR) shares rise as the Securities and Exchange Commission is said to ready plans for trading crypto versions of stocks. The US SEC is expected to release its so-called innovation exemption for tokenized stocks as soon as this week, creating a new framework for betting on the fortunes of publicly traded companies, according to people familiar with the matter.