On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains discusses the latest retail earnings results from the likes of Home Depot HD and others. We then take a look at what investors should expect from high-flying Target TGT. And the episode closes with why Tempur Sealy TPX is a Zacks Rank #1 (Strong Buy) right now.
The S&P 500, Nasdaq and the Dow all closed at new records Monday. President Trump also met with Fed Chairman Jerome Powell at the White House, before he took to Twitter to describe his thoughts on the meeting.
Meanwhile, Wall Street is focused on retail earnings, which continue to take center stage after Walmart WMT kicked things off late last week. Home Depot saw its stock price slip Tuesday, while Kohl’s KSS tumbled. This puts more pressure on Nordstrom JWN, Gap GPS, and Macy’s M, which all report their quarterly results Thursday.
Shares of Macy’s and other department stores have fallen over the last serval years as they struggle to grow in the Amazon AMZN age. Target, on the other hand, has soared recently as it successfully expands its e-commerce and delivery business. TGT reports its quarterly results before the opening bell Wednesday.
Today’s episode then closes with a dive into why Tempur Sealy is a Zacks Rank #1 (Strong Buy) stock at the moment, as part of broader strength in the Retail – Home Furnishings industry, which includes RH RH and Williams-Sonoma WSM.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Tempur Sealy International, Inc. (TPX) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report Macy's, Inc. (M) : Free Stock Analysis Report Kohl's Corporation (KSS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research