My top 10 things to watch Tuesday, Nov. 12 1. Wall Street was taking a breather early Tuesday after the Dow , the S & P 500 , and the Nasdaq extended their record-breaking post-election rallies. We're going to look at how long the Trump trade can last on Thursday at our November Monthly Meeting at noon ET. 2. Home Depot reported a better-than-expected quarter: EPS of $3.78 and revenue of $40.22 billion. Same-store sales dropped 1.
Citi cut its Ross Stores price target to $152 per share from $179 and downgraded the stock to neutral. The analysts cite the combo of changing management and a high multiple. 9. Citi also kept its neutral rating on Club name TJX and a $128 price target, saying it would expect a beat and raise next week. Citi's quant team did say the off-price retailer behind T.J. Maxx, Marshalls, and HomeGoods is a crowded trade. 10.
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