Home Depot disappointed with its earnings last week. Sales were relatively flat, missing Wall Street estimates and the company also forecasted a drop in profits for 2023. Home Depot shares fell 7% after the call and ended that day with one of the biggest declines out of all of the S&P 500 stocks.
This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what it means that Mexico is nationalizing lithium.
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