This week’s earnings repertoire is led by Home Depot (NYSE: HD) who reported today, along with Walmart Inc (NYSE: WMT), TJ Maxx parent company The TJX Companies Inc (NYSE: TJX) and othe
Key Takeaways:
Alibaba International’s revenue grew 41% in the June quarter, following consolidation of its various global assets under a single leadership team
Every week that goes by seems to show how the mega cap stocks that pushed the market higher in the first seven months of the year have now taken a back seat. Sectors like Financials and Energy have seen improved relative strength, while previous bellwether groups like semiconductors have begun to underperform.
In the recent month, Berkshire Hathaway surpassed its previous all-time high.
The stock's recent surge might be attributed to its Q2 earnings report, where the actual earnings of 4.62 exceeded the expected 3.87.
On Friday, Chinese tech giant Huawei Technologies reported modest growth of its consumer business amid U.S. sanctions and slower than expected recovery of the country’s economy.