Consumer behaviors continue to shift in the wake of tremendous global changes post-lockdowns, including greater digital engagement, inflation, and supply-chain challenges. This came into sharp focus last week when both Walmart (NYSE: WMT) and Target (NYSE: TGT) released disappointing first-quarter earnings. Here are three rays of light from Target's first quarter.
Target (NYSE: TGT) and Walmart (NYSE: WMT) are two companies that most everyone knows. Given that 70% of U.S. gross domestic product comes from consumer spending, Target and Walmart provide an excellent barometer on inflation and a glimpse into the pulse of the economy. Here's what you need to know about Target and Walmart's results and how they could impact your investments -- even if you aren't interested in their stocks specifically.
On May 18, following the release of its fiscal first-quarter 2022 report, Target (NYSE: TGT) held its earnings conference call. Based on the spending of Target customers, investors can feel good about the financial health of the U.S. consumer overall. One of those shifts, in particular, is excellent news for Airbnb (NASDAQ: ABNB) and other travel stocks.