Stock Movers Home Depot Miss; Medtronic Lower; Intel Government Stake
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Aug 19, 2025 Home Depot's shares drop as consumer spending on big purchases dwindles amid high interest rates and inflation concerns. Medtronic beats profit estimates and boosts its earnings guidance, signaling confidence in growth despite previous tariff cost forecasts. Meanwhile, Intel's stock rises with news of possible government investment, as discussions unfold over a 10% stake in the company. The conversation also touches on the emergence of drone stocks amidst ongoing geopolitical tensions, providing a broader view of market dynamics.
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Big Projects On Hold
- Home Depot sees consumers postpone large projects due to high interest rates and economic uncertainty.
- The company maintained pricing since many imports arrived before new tariffs, but warned some items will get pricier later in the year.
Postponement Could Precede A Rebound
- Customers are postponing, not canceling, big purchases while waiting for lower interest rates.
- Home Depot expects a potential rebound if the Fed cuts rates and mortgage rates decline.
Watch Tariff Timing
- Expect some product prices to rise later as tariff timing shifts costs into future shipments.
- Monitor Home Depot pricing and tariff developments if you depend on imported home-improvement goods.