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.
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 »
Walmart just crushed Wall Street's earnings forecasts—Here's what four experts say to watchHome Depot said sales last quarter jumped 23% as consumers stuck in their homes increased do-it-yourself projects. Earnings and sales exceeded Wall Street expectations. Walmart's earnings and revenue topped Wall Street estimates last quarter as same-store sales increased by 9.3%. E-commerce sales nearly doubled. Here's what experts say investors should know about the retail sector. Excellent economic indicator! This economy is roaring back thanks to realDonaldTrump! 🇺🇸📈🔥 It is easy to have great comps when your competition has to close. Leave all malls and retailers open not just Walmart and Target. UNFAIR You couldn't buy TV at BestBuy , but u could at WMT? Furniture stores closed, but could buy bed/ table at WMT! because 'attached to food/drug store'? Oh, and it's all made overseas.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street kicks off big retail earnings week on high noteWall Street's main indexes opened higher on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while the S&P 500 continued to hover just below record-high levels. Wall Street doesn’t represent Main Street. The problem with the US economy in a nutshell. ME AJUDEM A COBRIR O ROMBO NA XP E ITAU, FRUTO DA GRANDE ASSESSORIA E CONTROLE DE RISCO DA XP E DOS JUROS EXORBITANTES DO ITAÚ...DIVIDA APROXIMADA 87 MIL REAIS BANCO ITAU AG 0383 C/C 67738 - 2 LUIZ ALEXANDRE...HISTÓRICO NO MEU TWITTER Due to the termination of augmented U.I. benefits, those retail 'earnings', in the coming weeks, are sure to take a nose dive.
Source: Reuters - 🏆 2. / 97 Read more »
Stock futures point to modest Wall Street gains ahead of big retail earnings weekU.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. 1,150 Americans died of Covid-19 yesterday. wow i guess all you have to do is have 170,000 people die and close most businesses and the dow will soar ?
Source: Reuters - 🏆 2. / 97 Read more »