Home Depot CFO Carol Tome says 'consumer confidence is near record high levels' but 'consumer demand could be impacted' by lingering U.S.-China trade tension.
host called the company the "perfect microcosm for the U.S. economy" and put his trust behind outgoing-Chief Finance Officer Carol Tome's perspective on the state of the market.
Accounting for the potential impact of tariffs on consumer spending, Home Depot reduced its full-year sales growth outlook to 2.3% from 3.3%. Home Depot "made it clear," he argued, that the U.S. is ahead of China in the trade war, which began more than a year ago. Cramer based his reason on the number of suppliers that have moved operations outside of the country. Those firms have relocated some facilities to Taiwan, Vietnam, Thailand, Indonesia and the U.S., whichHome Depot's partners apparently aren't alone in this endeavor.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Home Depot is building up a big rally, says top technicianWild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.
Baca lebih lajut »
Home Depot warns lumber prices, possible tariffs, to weigh on salesHome Depot warned that lumber price deflation, as well as the impact of possible tariffs, will impact its fiscal year sales. The home improvement giant said...
Baca lebih lajut »
Home Depot Cuts Sales Forecast, Posts Slightly Lower ProfitHome Depot lowered its sales forecast, warning that rising material costs and the potential effects of tariffs on U.S. consumers could weigh on growth.
Baca lebih lajut »
Stocks making the biggest moves premarket: Home Depot, Kohl's, Medtronic, US Steel & moreThese are the stocks posting the largest moves before the bell.
Baca lebih lajut »
Wall St. opens slightly lower; Home Depot caps lossesU.S. stocks opened slightly lower on Tuesday, after three straight session of ga...
Baca lebih lajut »
Home Depot beats quarterly profit estimates, warns of tariff impactHome Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ti...
Baca lebih lajut »