Retail Stocks Put to the Test By Andy Swan |
| It's Week 5 of earnings season and all eyes are on the retail sector… Headliners like Walmart (WMT), Target (TGT), Ross Stores (ROST), TJ Maxx (TJX), Foot Locker (FL), and Home Depot (HD) are all set to release key earnings reports this week that will set the tone for retail investing in 2023. Between COVID-related government stimulus running dry, tax refunds coming in 9% lower this year, and persistent inflation, consumer buying power has taken a big hit. And we expect that to be reflected in the numbers. LikeFolio consumer data shows shopping trends are down across the board, with buzz around in-store and online shopping falling 9% quarter-over-quarter. But as you'll find out, not all retailers are suffering amid the consumer squeeze. Your Week 5 Earnings Sneak Peek is here… Click here to continue reading online Until next time, |
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Andy Swan
Co-Founder, Derby City Insights |
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