U.S. stock futures are mostly lower as investors digest the latest corporate earnings reports; Home Depot (HD)’s profit and comparable sales came in below estimates; Intel (INTC) shares are surging in premarket trading following a $2 billion investment from Japan’s SoftBank Group; Palo Alto Networks (PANW) shares are jumping after the cybersecurity firm reported better-than-expected results and issued a rosy outlook; and Apple (AAPL) reportedly is shifting more of its iPhone production to India to avoid tariffs on Chinese-made products. Here’s what investors need to know today.
1. US Stock Futures Mostly Edge Lower
U.S. stock futures are mostly pointing slightly lower after indexes ended little changed Monday. Nasdaq futures are down 0.1% after the tech-focused index ticked higher in the prior session. S&P 500 futures also are edging lower after ending modestly lower yesterday. Dow Jones Industrial Average futures are marginally higher. Bitcoin (BTCUSD) is lower, trading at about $115,600. The yield on the 10-year Treasury note is little changed. Oil futures are lower by more than 1%. Gold futures are slightly higher.
2. Home Depot Maintains Outlook Even as Profit, Comparable Sales Come Up Short
Home Depot (HD) affirmed its fiscal 2025 guidance as it reported second-quarter comparable store sales and adjusted earnings per share that slightly missed analysts’ estimates. The company posted adjusted EPS of $4.68 and comparable store sales growth of 1.0%, both a tick less than consensus expectations of analysts surveyed by Visible Alpha. Revenue increased 4.9% year-over-year to $45.28 billion, matching projections. The home-improvement giant maintained its May outlook as it adjusts to tariff-related price pressures. Shares of Home Depot are edging higher in premarket trading after initially falling when the results were released.
3. Intel Stock Jumps on $2B SoftBank Investment
Intel (INTC) shares are surging 5% in premarket trading on news the struggling chipmaker will be receiving a $2 billion investment from Japan’s SoftBank Group. SoftBank will buy Intel stock at $23 a share, slightly below Monday’s closing price. The move comes as the U.S. government reportedly is considering taking a stake in Intel, whose CEO, Lip-Bu Tan, recently met with President Donald Trump after he criticized the executive’s ties to China and called for his resignation.
4. Palo Alto Networks Stock Surges on Strong Results, Rosy Outlook
Palo Alto Networks (PANW) shares are more than 6% higher in premarket trading after the cybersecurity company reported better-than-expected fiscal fourth-quarter results and issued an optimistic outlook. The firm posted adjusted earnings per share of $0.95 on revenue that surged 16% year-over-year to $2.54 billion, both topping estimates of analysts compiled by Visible Alpha. Palo Alto Networks’ current-quarter and fiscal 2026 profit and revenue projections also were higher than expectations. Meanwhile, the company announced founder and Chief Technology Officer Nir Zuk has retired.
5. Apple to Expand iPhone Production in India, Report Says
Apple (AAPL) is expanding iPhone production at five factories in India as the company tries to reduce its reliance on Chinese-made devices, according to a Bloomberg report. The company is producing all four of its new iPhone 17 models in India, the report said, to lessen the impact of U.S. tariffs on products exported from China. Earlier this month, Apple CEO Tim Cook announced at the White House that the tech giant would invest an additional $100 billion in U.S. manufacturing facilities. Shares of Apple are edging lower in premarket trading.
