Forex Trading Library

StockWatch: Home Depot Collapses on Supply Fears!

0 447

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

Trade over 200 of the hottest stock CFDs with spreads starting from 0.0 pips - Open your Orbex account today!

   
Leave A Reply

Your email address will not be published.