(Getty Images)

Home Depot slips on earnings miss, guidance cut

Comparable sales and EPS figures both came in lower than expected on Tuesday morning.

Home Depot fell after it reported earnings that missed Wall Street expectations and slashed its full-year guidance.

The company reported Q3 adjusted earnings per share of $3.74, less than the $3.84 analysts polled by FactSet were penciling in. The company also said it now expects its full-year adjusted earnings to decline by 5% year over year, compared to its previous forecast of a 2% decline.

It also reported $41.4 billion in sales, more than the $41.1 billion the Street was expecting. However, the home renovation giant said its comparable sales hit 0.2%, lower than the 1.3% analysts predicted.

Home Depot is down around 3.5% in premarket trading, as of 7:25 a.m. ET. With today’s early drop, the company, which is often cited as an economic bellwether, has fallen about 12% for the year.

While the company blamed a lack of natural disasters for its underwhelming showing in Q3, CEO Ted Decker also noted that lower interest rates have yet to spur a rebound in consumer demand.

$HD missed earnings and guided down. They attributed it primarily to the lack of hurricanes in Q3 but said consumer demand has yet to improve despite the decline in interest rates:

[image or embed]
— Conor Sen (@conorsen.bsky.social) November 18, 2025 at 6:13 AM

Luke Kawa

57m

Fund managers are worried about AI overinvestment. Bank of America is worried about fund managers over-investing.

For the first time ever, fund managers surveyed by Bank of America think companies are investing too much.

Luke Kawa3h

JPMorgan recommends bullish options bet on Nvidia ahead of earnings

Nvidia, the most valuable stock in the world, has lagged its semiconductor peers over the past three months in the run-up to its fiscal 2026 third-quarter results, due out after Wednesday’s close.

JPMorgan reckons an earnings beat, as well as signs that the company and its suppliers are well-positioned to meet the ever-growing demand for its AI offerings, would be sufficient catalysts to unlock a catch-up trade that sends shares soaring back towards all-time highs.

“We favor owning call spreads as a strong beat-and-raise from NVDA and positive commentary around supply could clear recent sector underperformance and could propel NVDA above its average historical move,” writes Bram Kaplan, head of America equity derivatives strategy at JPM.

The recommendation:

Buy calls at a strike price of $197.50 for this Friday’s expiry; and
Sell the same amount of calls at a strike price of $207.50 for the same expiry.

The options-implied move is about +/- 6.4%. To break even on this position (by the time of expiry, based on current prices), you’d need to see shares up above $199.30.

The chip designer has traded between ~$180 and $210 since the end of September. So, the upper strike on this call spread caps the upside a little below the stock’s October 29 intraday peak of $212.19.

The max gain would be roughly 550% of the premium paid; the max loss, of course, would be 100%.

Hyunsoo Rim & David Crowther4h

Bitcoin’s having its worst month since 2022 as the sell-off continues, with BTC dipping below $90,000

Bitcoin slid below $90,000 on Monday night for the first time since April, extending a month-long rout that has now erased all of its 2025 gains. The world’s largest cryptocurrency briefly hit $89,350, its lowest level since February, before rebounding slightly to hover near $91,000. The drop comes just six weeks after prices hit a record $126,250.

The slide comes as risk appetite evaporates across markets, with speculative tech stocks tumbling, hedge funds de-risking — while some investors use bitcoin's losses for year-end tax-loss harvesting.

As a result, bitcoin is now suffering its worst one-month stretch since the deep 2022 selloff, and its worst Q4 since 2018 — despite November typically being its strongest month. With fear gauges hitting "extreme" levels, some traders are now positioning for a potential slide toward $86,000-$88,000.

Tasha Matsumoto

17h

Tech and finance lead sell-off as traders brace themselves for Nvidia earnings and the September jobs report

While speculative assets were hardest hit, all sector ETFs were trading lower except utilities.