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StockWatch: Home Depot Collapses on Supply Fears!

Name: StockWatch: Home Depot Collapses on Supply Fears!
Uploaded: 2022-02-23
Channel: David Kindley
Description: Home Depot shares plummeted by 8% as elevated supply chain costs continue to weigh on profits.The company said labor shortages. And supply chain bottlenecks have pushed up wages, shipping, and materials, which has squeezed profits.HSBC saw a 2021 pre

VideoStocks

By David Kindley On Feb 23, 2022

Home Depot shares plummeted by 8% as elevated supply chain costs continue to weigh on profits.

The company said labor shortages. And supply chain bottlenecks have pushed up wages, shipping, and materials, which has squeezed profits.

HSBC saw a 2021 pre-tax profit of $18.9bn, in comparison to $8.8 bn in 2020.

Let’s see if they will outperform this figure in 2022!

Timestamps:

#HD 01:55
#HSBC 03:20

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HD Home Depot HSBC stocks

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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