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Now time for some of today’s trending tickers. We are watching CVS, Home Depot and AutoZone.
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First up is CVS. The pharmacy is raising its full-year profit forecast and it also guided for profit growth next year.
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CFO Brian Newman said CVS is closing out the year with meaningful momentum across its business and expects earnings to grow again in 2026.
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The outlook suggests CVS expects to manage a volatile environment that has posed challenges for all three of its businesses.
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Next is Home Depot, the retailer offering cautious guidance ahead of its investor day.
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Home Depot says it expects comparable sales growth to be in a range of flat to up 2% for the year.
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The outlook signals it does not anticipate the housing market will rebound in the short term. However, it did provide a market recovery case that spells out higher growth when the company sees housing activity and spending pick up.
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And AutoZone, the auto parts retailer reported first quarter earnings that missed analyst expectations.
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Despite seeing solid sales growth, its investments and growth initiatives weighed on profitability.
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The stock’s up 17% this year. It has 27 buys, two holds and one sell, and the stock’s off 2 and a half%.