Home Depot ( HD) is trending as the retailer reported third-quarter profit that beat expectations as the U.S. housing market improved. Net earnings climbed to $947 million, or 63 cents a share, compared to $934 million, or 60 cents a share, a year earlier. Excluding a charge tied to closing stores in China, the company said earnings were 74 cents a share, beating analysts' expectations of 70 cents. Sales also beat expectations, rising nearly 5% to $18.13 billion. Analysts had been looking for sales of $17.93 billion. Home Depot raised its full-year outlook as well. It now expects a fiscal-year profit of $3.03 a share, excluding charges. Its prior forecast was $2.95 a share. The company has benefited from the improvement in the housing market as consumers buy more home improvement and construction products. Home Depot itself has also focused on cutting costs, localizing marketing and merchandising, as well as improving distribution. The company is the world's largest home-improvement chain.
Pepsi ( PEP) is another popular search. Pepsi-Cola in Japan is coming out with a new soda that claims to block fat in the body. "Pepsi Special" features the ingredient dextrin, which is said to help reduce fat levels, according to distributor Suntory. The new beverage goes on sale in the country Tuesday. Bottles will sell for 150 yen, or about $1.87, in Japan.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.