How to trade this week's retail earnings reports

📆 14.05.2023 20:40:00
📰 CNBC

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Investors will get a sense this week on the state of the consumer this week, with several major retailers slated to report.

Walmart , Target and Home Depot are among the S & P 500 companies scheduled to post their latest quarterly results. Those results come as concerns over the state of the economy weigh on investor sentiment. The University of Michigan's consumer sentiment index for May came in at 57.7, well below of expectations, as five-year inflation expectations rose to the highest level since June 2008 .

mountain ROST in 2023 "We see ample opportunity for ongoing positive EPS revisions to drive the stock higher, making it a particularly attractive opportunity in the Off-Price sub-sector. Given this dynamic, ROST has arguably become our preferred Off-Price name heading into the 1Q prints," Straton wrote. Retail giant Walmart is also expected to report next week. The company has beaten analyst expectations 77.

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