{"id":59026,"date":"2026-02-24T07:38:33","date_gmt":"2026-02-24T11:38:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/apple-ramps-up-u-s-production-as-home-depot-and-scotiabank-lead-earnings-wave\/59026\/"},"modified":"2026-02-24T07:38:33","modified_gmt":"2026-02-24T11:38:33","slug":"apple-ramps-up-u-s-production-as-home-depot-and-scotiabank-lead-earnings-wave","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-ramps-up-u-s-production-as-home-depot-and-scotiabank-lead-earnings-wave\/59026\/","title":{"rendered":"Apple Ramps Up U.S. Production as Home Depot and Scotiabank Lead Earnings Wave"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> is accelerating its U.S. manufacturing shift, committing to purchase over <strong>100 million advanced chips<\/strong> from TSMC\u2019s Arizona facility in 2026.<\/li>\n<li><strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> posted a Q4 earnings beat with <strong>Adjusted EPS of $2.72<\/strong>, surpassing estimates of $2.55, while signaling a return to positive comparable sales growth for the upcoming fiscal year.<\/li>\n<li><strong>Scotiabank (<a href=\"\/stock\/BNS\">BNS<\/a>)<\/strong> outperformed Q1 expectations with an <strong>Adjusted EPS of CAD 2.05<\/strong>, though it increased its provision for credit losses to <strong>CAD 1.18 billion<\/strong>.<\/li>\n<li><strong>Amer Sports (<a href=\"\/stock\/AS\">AS<\/a>)<\/strong> reported a significant revenue beat for Q4, reaching <strong>$2,101.1 million<\/strong> against an estimated $1,997 million, driven by strong technical apparel demand.<\/li>\n<\/ul>\n<h2>Apple\u2019s Domestic Manufacturing Surge<\/h2>\n<p>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) has announced a major expansion of its U.S.-based operations, revealing plans to purchase well over <strong>100 million advanced chips<\/strong> produced by TSMC at its Arizona facility in 2026. This move highlights a significant shift in the tech giant&#39;s supply chain strategy as it seeks to reduce reliance on overseas production for its most critical components.<\/p>\n<p>In addition to semiconductor sourcing, Apple confirmed that <strong>Mac Mini production<\/strong> will begin at a new facility in Houston, Texas, later this year. The company also noted that its <strong>AI server production<\/strong> in Houston is currently running ahead of schedule, reinforcing its commitment to localized high-tech manufacturing.<\/p>\n<h2>Retail and Industrial Earnings Highlights<\/h2>\n<p>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>) reported mixed but resilient Q4 2025 results. While net sales of <strong>$38.20 billion<\/strong> slightly missed the $38.27 billion estimate, the retailer delivered a strong <strong>Adjusted EPS of $2.72<\/strong>. Most notably, comparable sales grew by <strong>0.4%<\/strong>, defying analyst expectations of a 0.36% decline. For the full year, the company expects comparable sales to range from <strong>0% to +2%<\/strong>.<\/p>\n<p>Amer Sports (<a href=\"\/stock\/AS\">AS<\/a>) delivered a robust Q4 performance, with revenue climbing to <strong>$2,101.1 million<\/strong>. The company\u2019s gross profit reached <strong>$1,212.1 million<\/strong>, supported by a net income of <strong>$133.5 million<\/strong>. Conversely, Armstrong World Industries (<a href=\"\/stock\/AWI\">AWI<\/a>) faced headwinds, reporting an <strong>Adjusted EPS of $1.61<\/strong>, which fell short of the $1.68 consensus estimate, despite generating <strong>$388.3 million<\/strong> in sales.<\/p>\n<h2>Financial Sector and Market Sentiment<\/h2>\n<p>Scotiabank (<a href=\"\/stock\/BNS\">BNS<\/a>) kicked off the 2026 fiscal year with a Q1 earnings beat, reporting <strong>Adjusted EPS of CAD 2.05<\/strong> compared to the CAD 1.95 estimate. Total revenue stood at <strong>CAD 9.65 billion<\/strong>, and the bank maintained a steady <strong>CET1 ratio of 13.3%<\/strong>. However, the bank proactively increased its <strong>provision for credit losses to CAD 1.18 billion<\/strong>, reflecting a cautious stance on the credit environment.<\/p>\n<p>Broader market sentiment remained mixed on Tuesday morning. <em>European bourses slipped<\/em> as concerns regarding AI&#39;s impact on the banking sector weighed on sentiment. Meanwhile, the <strong>Japanese Yen (JPY)<\/strong> was dragged lower following reports that Prime Minister Takaichi expressed reservations about further interest rate hikes to BoJ Governor Ueda. In the U.S., equity futures showed signs of a slight rebound following the morning&#39;s heavy earnings volume.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Apple (AAPL) is accelerating its U.S. manufacturing shift, committing to purchase over 100 million advanced chips from TSMC\u2019s 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