We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
A Slew of Big Retailers to Report Q1 Results This Week
Read MoreHide Full Article
For the second day in a row, we take a breather from economic data releases pertaining to the general economy. It’s been a busy month in this regard so far, and judging by market moves in response to them, we’ll welcome the relative calm today. The Dow is +300 points at this hour, the S&P is +35 and the Nasdaq is +60 points.
It’s not exactly an unprecedented losing streak — we’ve had 8 straight down weeks on the Dow and 7 on the S&P and Nasdaq a few times… over the past hundred years or so. But as long as today’s active traders have been around, it feels like a pretty unprecedented place to be.
We’re also not completely done with Q1 earnings season — plenty of big-name retailers are expected to report this week, including Macy’s (M - Free Report) , Best Buy (BBY - Free Report) and others, from Williams-Sonoma (WSM - Free Report) to Dollar General (DG - Free Report) . Also, important companies outside the retail space are due out, like NVIDIA (NVDA - Free Report) , Toll Brothers (TOL - Free Report) and Alibaba (BABA - Free Report) .
We also see a few reasons for optimism going into a new week, and not all due to attractive valuations based on oversold stocks. We see lower Covid cases being in reported in China, which may bolster supply chain activity that has been an albatross around the global economy for longer than most experts had anticipated. With President Biden in Far East Asia this weekend, we also see some news reports regarding tariff relief between the U.S. and China, which may further alleviate trade conditions.
Finally, semiconductor giant Broadcom (AVGO - Free Report) is reportedly in talks to buy cloud-computing software firm VMWare for a thus-far-undisclosed amount (though a little “back of the envelope” would bring its valuation plus premium to between $45-50 billion. Shares of VMWare are up +19% in today’s pre-market on the news — the virtualization tech company is still -19% year to date. VMWare also is scheduled to report fiscal Q1 earnings on Thursday of this week.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
A Slew of Big Retailers to Report Q1 Results This Week
For the second day in a row, we take a breather from economic data releases pertaining to the general economy. It’s been a busy month in this regard so far, and judging by market moves in response to them, we’ll welcome the relative calm today. The Dow is +300 points at this hour, the S&P is +35 and the Nasdaq is +60 points.
It’s not exactly an unprecedented losing streak — we’ve had 8 straight down weeks on the Dow and 7 on the S&P and Nasdaq a few times… over the past hundred years or so. But as long as today’s active traders have been around, it feels like a pretty unprecedented place to be.
We’re also not completely done with Q1 earnings season — plenty of big-name retailers are expected to report this week, including Macy’s (M - Free Report) , Best Buy (BBY - Free Report) and others, from Williams-Sonoma (WSM - Free Report) to Dollar General (DG - Free Report) . Also, important companies outside the retail space are due out, like NVIDIA (NVDA - Free Report) , Toll Brothers (TOL - Free Report) and Alibaba (BABA - Free Report) .
We also see a few reasons for optimism going into a new week, and not all due to attractive valuations based on oversold stocks. We see lower Covid cases being in reported in China, which may bolster supply chain activity that has been an albatross around the global economy for longer than most experts had anticipated. With President Biden in Far East Asia this weekend, we also see some news reports regarding tariff relief between the U.S. and China, which may further alleviate trade conditions.
Finally, semiconductor giant Broadcom (AVGO - Free Report) is reportedly in talks to buy cloud-computing software firm VMWare for a thus-far-undisclosed amount (though a little “back of the envelope” would bring its valuation plus premium to between $45-50 billion. Shares of VMWare are up +19% in today’s pre-market on the news — the virtualization tech company is still -19% year to date. VMWare also is scheduled to report fiscal Q1 earnings on Thursday of this week.