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Walmart, Home Depot, Capital One-Discover deal: 3 Things

Yahoo Finance

Walmart (WMT) shares swing higher in Tuesday's pre-market trading after beating fourth-quarter earnings estimates, fueled by holiday season shopping.

Home Depot's (HD) full-year sales guidance misses analyst expectations as interest rates pressure the home-improvement retailer.

Capital One (COF) seeks to merge with Discover Financial Services (DFS) in a potential acquisition deal valued at over $35 billion.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

Video transcript

SEANA SMITH: So let's get right to it, the three things that you need to know-- your road map for the trading day. We've got Yahoo Finance's Josh Schafer, Jared Blikre, and Madison Mills here with more.

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JOSH SCHAFER: Hey, Seana. Shares of Walmart climbing higher in premarket trading after reporting a stronger-than-expected holiday quarter. The big box retailer rising its dividend by 9%, its largest boost in more than a decade. All of this as Walmart continues to invest. The company also saying it plans to buy smart TV maker Vizio for $2.3 billion.

JARED BLIKRE: And a gloomy outlook for Home Depot. The home improvement retailer's 2024 sales growth forecast missing analyst expectations as consumers continue to pull back on those big ticket purchases. The company also saying higher interest rates take a toll.

MADISON MILLS: And M&A mania because we have a potential $35 billion deal with Capital One potentially merging with Discover Financial Services. Now, this merger would, of course, be pending regulatory approval if it goes through, though. It would happen either later 2024 or early 2025.