Stock Market Briefs: Home Depot Beats Estimates, Berkshire Doubles Walmart Holdings

• Home Depot (HD) topped estimates by a nickel as earnings for the third quarter reached 41 cents, on inline revenues of $16.36 billion, down 8%. Comparable sales fell 6.9%. The company issued 2010 guidance of $1.55, slightly ahead of $1.53 projections. According to the firm, “There is still a great deal of pressure in the housing and home improvement markets, though there are some positive signs of stabilization.”
• ExxonMobil (XOM) shares were upgraded to “overweight” at Barclays Capital (BCS)
• A regulatory filing showed Berkshire Hathaway (NYSE:BRK.A) nearly doubled its Wal-Mart (WMT) holdings; added almost 112 million Wells Fargo (WFC) shares; the filing showed a 1.28 million holding of ExxonMobil (XOM) shares; and 3.2 million shares of SunTrust Banks (STI)
• UBS (UBS) CEO Grubel outlined an ambitious goal of annual pre-tax profits of $14.89 billion over the next 3-5 years
• Dillard’s (DDS) reported a smaller than expected third quarter loss, with a non-GAAP loss of 3 cents, versus estimates of a 51 cent loss on revenues of $1.36 billion, off estimates of $1.38 billion. Same-store-sales fell 9%

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