EARNINGS SUMMARY: Details of The Home Depot, Inc. Q3 Earnings Report

Below are the earnings highlights for The Home Depot, Inc. (HD):

-Earnings: $2.77 billion in Q3 vs. $2.87 billion in the same period last year.
-EPS: $2.53 in Q3 vs. $2.51 in the same period last year.
-Analysts projected $2.52 per share
-Revenue: $27.22 billion in Q3 vs. $26.30 billion in the same period last year.

Gold Prices Edge Lower

Gold prices are lower Tuesday morning with traders seeking riskier assets such as equities, shrugging off uncertainty about an interim trade deal between the U.S. and China.

Investors are looking ahead to the minutes of the U.S. Federal Reserve’s latest monetary policy meeting for clues on future interest rate moves by the central bank. The Fed is slated to release the minutes on Wednesday.

The dollar’s modest uptick is also weighing on the yellow metal.

The dollar index is up 0.08% at 97.87.

Gold futures for December are down $6.10, or about 0.41%, at $1,465.80 an ounce.

On Monday, gold futures for December ended up $3.40, or about 0.2%, at $1,471.90 an ounce, recovering from a low of $1,456.60.

Silver futures for December are gaining $0.025, or 0.15%, at $17.025 an ounce, while Copper futures for December are up $0.0150, or 0.57%, at $2.6350 per pound.

Asian markets ended mixed today and the major markets in Europe are up in positive territory with investors picking up stocks, reacting to earnings reports and other corporate news.

JinkoSolar Q3 Profit Surges – Quick Facts

Solar module manufacturer JinkoSolar Holding Co., Ltd. (JKS) reported Tuesday that net income attributable to the company’s ordinary shareholders was RMB363.6 million or $50.9 million in the third quarter, sharply higher than RMB189.1 million in the year-ago quarter. Earnings per American depositary share (ADS) were RMB4.664 or $0.652, compared to RMB4.840 last year.

Adjusted net income attributable to the company’s ordinary shareholders was RMB301.2 million or $42.1 million, compared to RMB206.3 million in the third quarter of 2018. Adjusted earnings per ADS were RMB6.128 or $0.856, compared to last year’s RMB5.280.

Total revenues for the third quarter grew 11.8 percent to RMB7.48 billion or $1.05 billion from RMB6.69 billion in the third quarter of 2018. Total solar module shipments in the third quarter of 2019 were 3,326 MW.

Looking ahead to the fourth quarter, the company does not expect the benefit of Anti-dumping (ADD) and Countervailing Duty (CVD) and expects total solar module shipments to be in the range of 4.2 GW to 4.4 GW. Total revenue for the quarter is expected to be in the range of $11.7 billion to $12.3 billion.

For the full year 2019, the Company estimates total solar module shipments to be in the range of 14.0 GW to 14.2 GW.

For fiscal 2020, the company projects total solar module shipments in the range of 18.0 GW to 20.0 GW.

The Doobie Brothers to unite with Michael McDonald for 50th anniversary tour in 2020

NASHVILLE, Tenn. (AP) — Rock & Roll Hall of Fame nominees The Doobie Brothers are joining with singer and songwriter Michael McDonald for a 50th anniversary tour next year.

McDonald, who sang with the band starting in 1975 before starting his own solo career, surprised fans at The Doobie Brothers concert with a performance of “Takin’ it to the Streets” on Monday in Nashville, Tennessee, at the Ryman Auditorium.

Formed in Northern California, the group featured harmonies backed by the finger-picking style of guitarist Patrick Simmons paired with the R&B guitar playing by Tom Johnston, singing lead. They had hits with “Listen to the Music,” “Long Train Runnin’” and “China Grove.”

They earned two Grammys with McDonald for “What a Fool Believes” and “Minute By Minute.” The tour will begin June 9 in West Palm Beach, Florida.

Boeing gets $5.9 billion of orders for grounded 737 MAX jet

DUBAI—Boeing Co. received 50 orders for its grounded 737 MAX, a boost for the embattled plane maker as it continues to deal with the fallout from two fatal crashes involving the jet.

Kazakhstan’s Air Astana, which is a customer of the rival Airbus AIR, +1.21% SE A320neo, said in a letter of intent Tuesday it would buy 30 MAX jets, marking a miniature coup for Boeing BA, -0.60% . The commitment is valued at $3.6 billion.

The U.S. manufacturer also signed a separate deal for 20 of the aircraft from an undisclosed customer at the international air show here, according to a person familiar with the agreement.

That order is expected to be announced at a separate ceremony in the airline customer’s home market and is valued at $2.3 billion.

An expanded version of this story is available at WSJ.com

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Oil Futures Extend Recent Losses

Crude oil prices are drifting lower Tuesday morning, extending losses from previous session, as traders continue to weigh crude supply and demand levels ahead of the weekly inventory data.

Uncertainty over a potential interim trade deal between the U.S. and China following the Trump administration’s reluctance to roll back tariffs on Chinese goods has raised concerns about energy demand outlook once again.

Although OPEC and its allies are set to meet in December to consider extending output cuts beyond March 2020 and consider deepening the cuts, the recent report from Energy Information Administration saying U.S. shale output is expected to climb by 49,000 barrels a day in December is weighing on crude oil prices for now.

West Texas Intermediate crude oil futures for December are declining $0.55, or 0.96%, at $56.50 a barrel.

On Monday, WTI Crude oil futures for December ended down $0.67, or about 1.2%, at $57.05 a barrel.

Brent crude oil futures are down $0.50, or 0.74%, at $61.94 a barrel.

Traders are also digesting news about protesters blocking a commodities port in Iraq on Tuesday to demonstrate against a rise in petrol prices.

The American Petroleum Institute is scheduled to release its weekly oil report later in the day.

The Energy Information Administration will release the weekly inventory data Wednesday morning.