Bill Simon, former president and CEO of Walmart, applauded the retailer's results:stuff, they're willing to spend. I'm particularly impressed by their operating income. I've been watching that for several years and it's been challenged as they move their business to digital, to e-commerce, and we see that big growth. Operating income's been under pressure, but they grew their operating income almost 9%, and even adjusted for currency, in the mid-teens.
Brian Nagel, senior analyst at Oppenheimer, said Home Depot's results were some of the best he'd ever seen: "Look, I would say this, and I've followed Home Depot now for 20 years, 20+ years. I've never seen a quarter like this. This is a 25% comp for a $100 billion company. So … just last week or early this week I raised my numbers to what I thought was a high 12-14%. All the data we've seen, we spent a lot of time in these stores, but still, just the thought of Home Depot putting up a 25% comp is absolutely amazing.
"Every quarter it looks like they're running on all cylinders and now the engine just keeps getting bigger. We've gone from an eight-cylinder engine to a 12-cylinder engine and with the e-commerce business humming the way it is and the way the companies have been able to integrate it with the store base with curbside and everything else, this is a tough one. This is really setting a high bar for brick-and-mortar retail and it's giving Amazon something to really think about.
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TradingNation Stimulus checks stimulated businesses? Oh.
sethjlevy TradingNation Is this really a surprise? Governors all over the country shut down small businesses left and right yet left Walmart alone. People still needed stuff and were funneled to the big box stores w/ no other options.
TradingNation When Walmart Wins People have no money to go a little fancier stores...
TradingNation Of course. The democrats have purposely shut down small businesses. Walmart big donor to BLM=Act Blue=Democrats.
TradingNation Is there anyone out there who actually cares about what Cramer says? Actually, I do, and I do the exact opposite of what Cramer says and I have done very well. Cramer is the ultimate and the best contrary indicator.
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With retail earnings on deck, traders place bets on expected winnersIt is retail's time in the spotlight. Walmart, Home Depot, Kohl's and Target are among the names reporting earnings this week. TradingNation Don’t be a trader. Be an investor. Invest for the long term based on quality fundamentals TradingNation Given that the retail sector is pretty stable and economy is recovering, wouldn't we expect most of these stocks to go up? ⬆️ On the other hand, why has Kohl's stock struggled to grow for the past few years?
Source: CNBC - 🏆 12. / 72 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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