Title: StockWatch: Home Depot Collapses on Supply Fears!
Post by: PocketOption on Feb 23, 2022, 12:50 pm
Post by: PocketOption on Feb 23, 2022, 12:50 pm
StockWatch: Home Depot Collapses on Supply Fears!
Source: StockWatch: Home Depot Collapses on Supply Fears! (https://www.orbex.com/blog/en/2022/02/stockwatch-home-depot-collapses-on-supply-fears)
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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Source: StockWatch: Home Depot Collapses on Supply Fears! (https://www.orbex.com/blog/en/2022/02/stockwatch-home-depot-collapses-on-supply-fears)