India, Aug. 19 -- Home Depot (HD) reported second-quarter results that fell short of Wall Street's expectations, missing on revenue, earnings, and same-store sales growth. Yet, in a surprising turn, the stock moved higher in pre-market trading on Tuesday, August 19.
According to Yahoo Finance Senior Reporter Brooke DiPalma, investors appear to be betting on consumer resilience and the possibility of lower interest rates ahead.
"Keep in mind this report missed on revenue, missed on earnings, and missed on same-store sales growth," DiPalma said in a broadcast. "But what exactly has investors excited is the potential that consumers are either going to just get used to higher interest rates or that we'll see lower interest rates on the hori...
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