Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down what is going on in the retail world after Walmart WMT impressed Wall Street once again last week. We then dive into what investors need to know about Home Depot, Target, and Macy’s ahead of their quarterly earnings releases amid a busy stretch for retailers.
The Dow, S&P 500, and Nasdaq have all continued to reach new highs in November on the back of stronger-than-projected earnings results, the Fed’s third interest rate cut, and some U.S.-China trade war progress. Along with trade, U.S. jobs data came in higher-than-expected last month and U.S. consumers appear to be in a solid place for the holiday shopping season.
With all this in mind, the earnings season is almost over for the S&P 500, except for retailers. Late last week, Walmart posted strong results once again that pointed to its successful e-commerce and delivery expansion in the Amazon AMZN age.
Wall Street has rewarded Walmart recently. But rival Target TGT is on an even better run, with its stock up over 70% in 2019. Target reports its quarterly results before the opening bell on Wednesday. Meanwhile, Home Depot HD, which is set to report Tuesday, has seen its shares surge nearly 40% in 2019.
Macy’s M is one of the last big retailers to report its results later this week. All eyes will be on the department store giant as its struggles to adapt to the changing retail environment mount. Macy’s and fellow department store firms such as Nordstrom JWN and JCPenney JCP have seemingly been unable to grow as everyone from Nike NKE to Lululemon LULU focus on direct-to-consumer expansion.
Kohl’s KSS, Urban Outfitters URBN, L Brands LB, Lowe’s LOW, TJX TJX, and a ton of other big retailers also report their quarterly results this week.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Biggest Tech Breakthrough in a Generation
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Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Lowe’s Companies, Inc. (LOW) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
L Brands, Inc. (LB) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
Target Corporation (TGT) : Free Stock Analysis Report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
Kohl’s Corporation (KSS) : Free Stock Analysis Report
Macy’s, Inc. (M) : Free Stock Analysis Report
J. C. Penney Company, Inc. (JCP) : Free Stock Analysis Report
NIKE, Inc. (NKE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research” data-reactid=”21″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Lowe’s Companies, Inc. (LOW) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
L Brands, Inc. (LB) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
Target Corporation (TGT) : Free Stock Analysis Report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
Kohl’s Corporation (KSS) : Free Stock Analysis Report
Macy’s, Inc. (M) : Free Stock Analysis Report
J. C. Penney Company, Inc. (JCP) : Free Stock Analysis Report
NIKE, Inc. (NKE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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