Home Depot Earnings Warning; Pfizer-3SBio Deal; UnitedHealth Rebound
On this episode of Stock Movers:- Home Depot (HD) shares have swung this morning despite reporting earnings that fell short of estimates. Home Depot's sales came in shy of expectations, with comparable sales dropping 0.3% in the three months that ended May 4. The company's CFO attributed the slowdown to weakening consumer sentiment and economic turbulence, with consumers deferring larger projects due to the rate environment.- 3SBio (1530) shares have soared in Hong Kong after striking a licensing deal with Pfizer (PFE). Pfizer secrued exclusive global rights to 3SBio's cancer treatment…
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