How to trade this week's retail earnings reports

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Investors may be crowding too much into defensive stocks amid market jittersA stock is considered overbought if its 14-day RSI goes above 70, signaling investors should consider easing their exposure.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Investors Are Nervous—And That Could Support StocksInstitutional investors are the most underweight on stocks compared to bonds since 2009. Contrarians say that could be good news for the market.
Källa: WSJ - 🏆 98. / 63 Läs mer »