Home Depot falls after earnings miss
Home Depot shares fell nearly 2% in the premarket on weaker-than-expected second-quarter results.
The home improvement giant earned an adjusted $4.68 per share on revenue of $45.28 billion. Analysts polled by LSEG expected a profit of $4.71 per share on revenue of $45.36 billion.
To be sure, the company maintained its full-year outlook.
HD 5-day chart
European defense stocks slide after Trump-Zelenskyy meeting
Ukrainian military personnel receive armored maneuver training on German-made Leopard 2 battle tanks at the Spanish army’s training center of San Gregorio in Zaragoza on March 13, 2023.
Oscar Del Pozo | AFP | Getty Images
European shares were broadly higher on Tuesday morning, after U.S. President Donald Trump promised Ukraine “security guarantees” during talks in Washington on Monday — raising hopes that peace could be secured for Ukraine.
However, European defense shares moved lower on the back of the news, with the Stoxx Europe Aerospace and Defense index shedding 2.2% by 5:30 a.m. ET.
German tank parts manufacturer Renk was 7% lower, taking it to the bottom of the pan-European Stoxx 600 index. Italy’s Leonardo, which was down 6.9%; Germany’s Hensoldt, down 6.3%; and Sweden’s Saab, which lost 5.9%, were among the worst performers in the sector.
— Chloe Taylor
SoftBank will invest $2 billion into Intel, chipmaker’s shares rise
Japanese conglomerate SoftBank will invest $2 billion into Intel, according to an announcement from the two companies.
SoftBank will pay $23 per share of Intel’s common stock. The chipmaker’s shares ended Monday’s regular session at $23.66. Intel jumped more than 5% in extended trading.
Intel shares over the past day
Meta Platforms sees largest increase in short interest of any U.S. stock this year, S3 says
Meta Platforms, which dropped 2.3% on Monday, has seen the largest increase in short interest of any U.S. stock this year, according to S3 Partners, which specializes in tracking the activity of short sellers, who try and profit from a decline in a company’s stock price.
Meta’s notional short interest has soared 75%, or $11 billion, so far in 2025, S3 said in a note Monday. The amount of Meta’s shares sold short as a percentage of the total outstanding has jumped 38% in recent weeks, and 35% so far in 2025, the researcher said.
The second-largest increase in year-to-date notional short interest was in Palantir, which rose $2.8 billion, S3 said.
“META’s 30% YTD stock price gain accounts for roughly half of the rise in short interest notional, with the remainder driven by new shorts. Reasons for shorting META include Heavy AI and Metaverse spending, Trade/Tariff Risks, Growth Slowdown, Higher Valuation and Weakening Ad Market,” S3 said.
— Scott Schnipper
Palo Alto Networks jumps 5% after earnings beat
Shares of Palo Alto Networks jumped more than 5% in extended trading after the chipmaker’s quarterly results topped Wall Street estimates and issued better-than-expected guidance for the first quarter and full year.
The results come weeks after Palo Alto announced plans to buy Israeli identity security provider CyberArk for $25 billion, its heftiest deal ever.
Palo Alto also said its founder and Chief Technology Officer Nir Zuk is retiring.
— Yun Li
