{"id":9450,"date":"2023-05-16T11:04:40","date_gmt":"2023-05-16T15:04:40","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/home-depot-capital-one-horizon-therapeutics-and-more-stock-market-movers\/"},"modified":"2023-05-16T11:04:41","modified_gmt":"2023-05-16T15:04:41","slug":"home-depot-capital-one-horizon-therapeutics-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9450","title":{"rendered":"Home Depot, Capital One, Horizon Therapeutics, and More Stock Market Movers"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stocks traded mostly lower Tuesday\u00a0with President Joe Biden and congressional leaders set to meet for another round of talks on raising the U.S. debt ceiling and after
\n Home Depot
\n slashed fiscal-year guidance. U.S. retail sales, meanwhile, rose in April but less than expected.<\/p>\n

These stocks were making moves Tuesday:\u00a0<\/p>\n

\n

\n Home Depot
\n (HD) reported first-quarter earnings that beat analysts\u2019 estimates but sales that came in below forecasts. The home-improvement giant also cut its fiscal-year guidance. Home Depot shares declined 1.5%. Competitor
\n Lowe\u2019s
\n (LOW) fell 1.7%.<\/p>\n

\n Berkshire Hathaway
\n (BRK.A) eliminated its investments in
\n Bank of New York Mellon
\n (BK),
\n U.S. Bancorp
\n (USB),
\n Taiwan Semiconductor
\n (TSM), and
\n RH
\n (RH) during the first quarter, according to a filing late Monday, and initiated a position in\u00a0
\n Capital One Financial
\n \u00a0(COF), buying a stake in the bank of 9.9 million shares worth about $900 million.\u00a0Capital One stock rose 2.9%.<\/p>\n

\n Horizon Therapeutics
\n (HZNP) was falling 156% after the Federal Trade Commission filed a lawsuit to block
\n Amgen
\n \u2018s (AMGN) roughly $28 billion acquisition of Horizon, which develops treatments for rare autoimmune and inflammatory illnesses.
\n Amgen
\n was falling 1%. In a statement, the FTC said the deal \u201cwould allow Amgen to leverage its portfolio of blockbuster drugs to entrench the monopoly positions of Horizon medications used to treat two serious conditions, thyroid eye disease and chronic refractory gout.\u201d<\/p>\n

\n On Holding
\n (ONON) declined 7.8%. First-quarter revenue at the running shoe company set another quarterly record and it raised its fiscal-year sales outlook. The company, however, said it was maintaining its outlook for gross profit margins despite the higher revenue guidance.<\/p>\n

\n Baidu
\n (BIDU), the Chinese search-engine giant, reported first-quarter earnings that beat analysts\u2019 estimates as revenue rose 10%. American depositary receipts of Baidu were up 1.8%.<\/p>\n

American depositary receipts of
\n Vodafone Group
\n (VOD), the U.K.-based telecommunications company, declined 8.8% after saying it would cut 11,000 jobs over three years.<\/p>\n

\n Etsy
\n (ETSY) was the leading decliner in the
\n S&P 500
\n on Tuesday, falling 5%, after analysts at Morgan Stanley reduced their price target on the stock to $74 from $79. They maintained their Equal Weight rating on the shares.<\/p>\n

\n Newell Brands
\n (NWL) was falling 1.8% after the maker of Sharpie and Rubbermaid products, cut its quarterly dividend by 70%.<\/p>\n

\n Rumble
\n (RUM), the conservative social-media and video platform, was falling 5.3% after posting a wider-than-expected loss.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks traded mostly lower Tuesday\u00a0with President Joe Biden and congressional leaders set to meet for another round of talks on raising the U.S. debt ceiling and after Home Depot slashed fiscal-year guidance. U.S. retail sales, meanwhile, rose in April but less than expected. These stocks were making moves Tuesday:\u00a0 Home Depot (HD) reported first-quarter earnings […]<\/p>\n","protected":false},"author":1,"featured_media":9451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-9450","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nHome Depot, Capital One, Horizon Therapeutics, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks traded mostly lower Tuesday\u00a0with President Joe Biden and congressional leaders set to meet for another round of talks on raising the U.S. debt\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=9450\" \/>\n<meta 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