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My top 10 things to watch Tuesday, Nov. 12
1. Wall Street was taking a breather early Tuesday after the Dow, the S&P 500, and the Nasdaq extended their record-breaking post-election rallies. We’re going to look at how long the Trump trade can last on Thursday at our November Monthly Meeting at noon ET.
2. Home Depot reported a better-than-expected quarter: EPS of $3.78 and revenue of $40.22 billion. Same-store sales dropped 1.2%, but that was much less than the decline that was expected. The Club name also raised its full-year outlook. The Dow stock rose more than 1.5% on the print.
3. Club stock Honeywell jumped 7% after Bloomberg reported that activist investor group Elliott Investment Management amassed a stake of more than $5 billion. Elliott wants Honeywell to break up, a move we’ve been calling for over and over.
