Dick's (DKS) Gets Smoked, GE (GE) Dumped by Billionaire-Tuesday's Hot Tickers: GE, HD, DKS - TheStreet

So hot. 

Home Depot Continues to Pummel 

In the battle with ruthless Amazon (AMZN) - Get Report , it continues to pay off selling lumber and outdoor patio sets amidst an ongoing U.S. housing rebound.

Home Depot (HD) - Get Report delivered yet another strong quarter helped by homeowners investing in their homes that are appreciating in value. The home improvement retailer delivered second quarter earnings of $2.25 a share vs. Wall Street estimates for $2.21 a share. Same-store sales rose 6.3%, blowing away forecasts for an increase of 4.4%.

Home Depot continued to defy conventional thinking in the U.S., where the likes of Amazon is hammering bricks-and-mortar retailers such as Macy's (M) - Get Report and J.C. Penney (JCP) - Get Report . U.S. same-store sales increased 6.6%, lifted by an increase in customer transactions and the average amount spent.

Home Depot stock traded down Tuesday, though, dropping 3.2% to $149.40 at midday.

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A No Vote on GE's Future?

Billionaire investor Warren Buffett shed the last of a stake in General Electric Co. (GE) - Get Report that he acquired during the 2008 financial crisis, according to a regulatory filing on Monday, while funneling an even larger amount of cash into a credit-card lender that was once part of the manufacturing conglomerate.

The Berkshire Hathaway CEO's stake of more than 10 million GE shares was valued at $315.4 million at the end of March, according to the last regulatory filing that showed the holding. It was the remainder of a $3 billion investment in preferred stock and warrants from October 2008, a time at the height of the financial crisis when a key source of funding for GE's then-sprawling lending business was threatened because of frozen credit markets.

GE stock traded down 0.85% to $25.15 midday Tuesday. 

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GoPro Hot Again?

GoPro (GPRO) - Get Report is no longer on death watch.

Shares of the camera maker climbed over 3% Tuesday morning after Goldman Sachs analyst Doug Clark upgraded his rating to "neutral" from "sell" with a price target of $10, up from $6.75.

Clark said investor attention should soon focus on upcoming product introductions, which are historically good for GoPro's stock price. The San Mateo, California-based company is expected to release a new Hero6 camera in the second half of 2017 and a 360-degree Fusion camera sometime in 2018.

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Dick's Sporting Goods Gets Rocked

Once a bright spot in retail, Dick's Sporting Goods (DKS) - Get Report is succumbing to slow death by Amazon. 

Shares of the sporting goods retailer are crashing nearly 21% at midday on Tuesday as the company posted second quarter same-store sales growth of 0.1%, well shy of its forecast for 2% to 3% growth. Earnings on an adjusted basis came in at 96 cents a share, missing estimates by 4 cents. 

Apple in Focus, as Always

Aetna's (AET) reported deal to offer a discounted or even free Apple Watch to its base of 23 million customers would underscore the importance of health and fitness apps to Apple's (AAPL) - Get Report line of smart watches.

Apple boss Tim Cook has been bullish on health and fitness apps for the smart watch, noting that the device is "motivating [users] to sit less and move more" during a third fiscal quarter earnings call in early August. Upgrades coming in Watch OS4 will allow the device to serve as a personal activity coach, while Apple's GymKit program will connect the watch to cardio equipment, he continued.

The current Apple Watches require proximity to an iPhone to connect to the Internet, limiting the appeal to Aetna customers or others who own phones with Android or other operating systems. The next iteration of the iPhone reportedly will have its own wireless connection, a boon for non-iPhone users.

"If you don't have an iPhone today, the Apple watch is probably not going to be in your consideration set," said Jeff Orr of ABI Research. "If those rumors do come true and a stand-alone smart watch like an Apple watch with LTE integrated into it becomes available, it's going to open up the possibility for even more people who would look to it as a potential solution for them."

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