Big earnings week for tech and retail: here's what to watch

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The 'Halftime Report' traders discuss big tech and retail names set to report this week, including Cisco, Nvidia, Walmart and Macy's.

" list of consumer plays, alongside Amazon, Target, Costco and Home Depot. But Terranova, who owns the stock, warned on Friday, "I'm troubled by Walmart. The expectations are incredibly high. They're going to need a really strong quarter. I'm going to be interested to hear CEO comments as well." Analysts are estimating an EPS of $1.22 and revenues of $130.1 billion, according to FactSet.

Nevertheless, Terranova and Link plan on holding Walmart for the long term. Terranova believes it's "big enough" to deal with tariffs and other trade tensions, by putting pressure on suppliers rather than passing all the pain to consumers. Link believes domestic data from "the jobs market, wages, [and] unemployment has to be good for the Walmart consumer."

But in general, Lebenthal is "very wary of any of those names" in retail . "I've just never seen something this badly hurt across the entire sector," he said. "Frankly, you look at these earnings reports, what are they going to say about the upcoming quarter and the upcoming holiday season with all the tariffs that are planned to go into effect? It's really a bad setup here.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités