Tuesday, February 25, 2025
The last five days of trading on the major indexes overall look like stair steps heading down to the basement. It’s been a quite orderly pullback from all-time highs we saw in the early weeks of the year so far. But market participants are trying again: the Dow has climbed +100 points at this hour of the pre-market, the Nasdaq is +15 points, the S&P 500 +7 and the small-cap Russell 2000 +2. If at first you don’t succeed…
We’re still seeing a sizable number of earnings reports coming through this week, which will total around 1000 by Friday’s open. None of which will be more consequential than NVIDIA’s NVDA, which come out after Wednesday’s close. Expectations are for significant growth to continue on both top and bottom lines, and the eight-quarter positive earnings surprise streak tracks exactly the stock’s rise outside the stratosphere.
Q4 Earnings This Morning: Home Depot, Planet Fitness
Home Depot HD notched its first positive same-store sales in two years when it reported Q4 earnings ahead of this morning’s open. Earnings of $3.13 per share surpassed the Zacks consensus $3.04, and above the $2.82 per share reported in the year-ago quarter. Revenues of $39.7 billion outpaced expectations by +3.8%. Shares are up moderately on the news, cutting in half the stock’s year-to-date losses of -1.7%. For more on HD’s earnings, click here.
Check out the updated Zacks Earnings Calendar here.
Planet Fitness PLNT also outperformed estimates this morning, posting earnings of 70 cents per share which came out ahead of the 62 cents analysts were expecting. Revenues of $340.45 million bettered the Zacks consensus by +4.24%, and notably outpaced the $285 million reported a year ago. But tepid earnings guidance are sending shares down -1.7% this morning, now back in the red year to date. For more on PLNT’s earnings, click here.
Case-Shiller Home Prices Tick Up in December
The Case Shiller Home Price Index, out this morning a half-hour ahead of the opening bell, showed overall growth of +3.9% in December — a lagging indicator, but one which is widely regarded as the most accurate of housing data — which was 20 basis points (bps) stronger than 2024’s +3.7% as a whole. The 10-city survey came in at +5.1%, above the +5.0% for 2024, and the 20-city reached +4.5%, better than the overall +4.3% for last year.
New York City home prices grew the fastest for the month, +7.7%, followed by Chicago and Boston at +6.6% and +6.3%, respectively. This breaks trends over the past several years, which demonstrated profound home-price growth in the South and the West. In this morning’s report, Tampa actually saw -1.1% price growth for December of last year, the lowest in the survey.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
