Home Depot (HD) shares are off slightly after the home improvement retailer reaffirmed full-year guidance, detailed a three-year investment strategy and announced plans to bump up its share buyback program to $15 billion. Shareholders might not be rewarding the company today, but the stock is up over 34% on the year.
The war of the tech titans escalates, with Google (GOOGL) pulling YouTube access from some Amazon (AMZN) devices. That’s in retaliation for Amazon refusing to sell many Google products on its site. In a statement Google said, “Amazon doesn’t carry Google products like Chromecast and Google Home, doesn’t make Prime Video available for Google Cast users, and last month stopped selling some of (our sister company) Nest’s latest products.” This is a spat that could intensify as their products increasingly overlap.
Shares of Dave & Busters (PLAY) are surging, up about 7%. The arcade operator reported soft sales, but beat Wall Street expectations on profits and announced a plan to open smaller theme stores.
Shares of American Eagle Outfitters (AEO) are slightly higher after reporting profits and revenue in line with estimates, with strong margins. Management noted continued momentum into the holiday quarter, with Q4 guidance above Street expectations.