Home Depot (HD) reported fourth-quarter earnings that beat analyst estimates. The home improvement retailer saw same-store sales fall 3.5% year-over-year. Brian Nagel, Managing Director and Senior Analyst at Oppenheimer, joins Yahoo Finance Live to discuss the overall state the housing market and its connection to the home improvement retail sector. Nigel sees Home Depot’s recent earnings report as “very blasé,” noting the company is still dealing with “a post-pandemic type dynamic.” Nagel says the company is "extraordinarily well-managed" and is still "solidly profitable," but he says there are two things that can help the retailer get its momentum back. Watch the video above to find out what they are. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Coinbase Global (COIN) shares pullback Tuesday morning after surging last week on the crypto exchange's first quarterly profit in two years. Yahoo Finance Live co-host Brad Smith breaks down his interview with Coinbase Chief Marketing Officer Kate Rouch at the NBA All-Star Weekend, taking a closer look at the company's marketing strategy and the rally around 2024's spot bitcoin ETF offerings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Chipmaker Nvidia (NVDA) is set to report fourth-quarter earnings results on Wednesday, February 21. Stifel currently holds the Magnificent Seven tech stock component at a Buy rating with an $865 per share price target. Stifel Applied Technology Analyst Ruben Roy examines several of the top drivers expected to weigh on Nvidia earnings, including AI infrastructure and CPU product pipelines. "It's an unlikely situation where we see sort of a miss and guide lower, but anything could happen, and certainly that would be taken as a meaningful negative, I would say, into the ecosystem of AI as we think about the broader companies that are involved here," Roy tells Yahoo Finance. "Throughout earnings season, the news has been rather positive on this broadening of capital spending into a lot of other companies that will benefit from AI infrastructure." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
