Midway through trading Tuesday, the Dow traded up 0.20 percent
to 15,365.31, while the NASDAQ rose 0.04 percent to 3,497.98. The
S&P was also up, gaining 0.08 percent to 1,667.54.
Top Headline Home Depot (NYSE:
) reported an 18.5% increase in its Q1 earnings and lifted its
2013 earnings forecast.
Home Depot's quarterly profit surged to $1.2 billion, or $0.83
per share, versus $1 billion, or $0.68 per share, in the year-ago
Its net sales climbed 7.4% to $19.1 billion from $17.8
billion, while comparable-store sales rose 4.3%. However,
analysts were estimating earnings of $0.76 per share on revenue
of $18.53 billion. Home Depot now projects 2013 EPS to rise
around 17% to $3.52.
Equities Trading UP Yingli Green Energy Holding Co (NYSE:
) shot up, gaining 24.19 percent to $3.8499, after the company
announced preliminary Q1 financial results.
Navios Maritime Holdings (NYSE:
) was also up 5.59 percent to $5.29, after the company reported
upbeat Q1 results.
Monro Muffler Brake (NASDAQ:
) got a boost, shooting up 8.05 percent to $47.66 on Q4
Equities Trading DOWN iGATE (NASDAQ:
) was down, falling 8.78 percent to $14.96, after the company
terminated the employment of CEO Phaneesh Murthy.
Carnival plc (NYSE:
) shares tumbled 6.70 percent to $34.41 after the company lowered
its earnings forecast.
Beazer Homes USA (NYSE:
) was down 3.30 percent to $21.98 after analysts at Sterne Agee
downgraded the stock from "buy" to "neutral."
Commodities In commodity news, oil traded down 0.64 percent to
$96.09, while gold dropped 0.96 percent to $1,370.80.
Silver traded down 1.16 percent Tuesday to $22.32, while
copper fell 0.43 percent to $3.35.
Eurozone European shares were mostly lower overnight as
investors prepare for key Federal Reserve comments on Wednesday.
The Spanish Ibex Index fell 0.87 percent and the Italian FTSE MIB
Index dropped 0.45 percent. Meanwhile, the German DAX fell 0.11
percent and the French CAC 40 rose 0.05 percent while U.K. shares
added 0.42 percent.
Economics The ICSC/Goldman Sachs Retail Chain Store Sales
Index rose 0.2% in the week ended Saturday versus the previous
National chain store sales climbed 0.5% in the first two weeks
of May versus April, according to the latest Redbook survey
New York Federal Reserve Bank President William Dudley is set
to speak today.
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