Stocks rally following inflation data. Scott Mushkin discusses the takeaways from today’s Home Depot (HD) earnings. Its adjusted EPS came in at $3.81 versus an estimated $3.79 and revenue came in at $37.71B versus an estimated $37.57B. He also talks about expectations for Target (TGT) and Walmart (WMT) earnings. He then goes over the impact of inflation on Walmart’s grocery business. He also outlines consumer trends ahead of the holiday shopping season. Tune in to find out more about the stock market today.
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