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It’s the end of earnings season so you know what that means.
There are over 150 companies reporting this week including many of the top retailers. But they’re not all the same. Some have excellent earnings surprise track records, and others do not.
It’s not easy to beat every quarter for years, especially in the volatile world of retail. But some of these retailers have done just that.
Which charts should you be watching this week?
5 Retailers with the Best Earnings Charts This Week
1. Kohl’s (KSS - Free Report) has only beat 2 quarters in a row so it’s record isn’t the greatest, but shares are near 5-year highs anyway. Can they bust out to new highs on the strength of this report?
2. TJX Companies (TJX - Free Report) has one of the best retail charts this week. It hasn’t missed since 2014 and shares are breaking out heading into the number. Home Goods is the chain to watch here. That has been a big driver of the stellar same-store-sales growth.
3. Ross Stores (ROST - Free Report) also hasn’t missed since 2014. These shares are also breaking out to new highs as investors believe that low priced retailers are the way to go. Are they priced for perfection?
4. Target (TGT - Free Report) has missed twice in a row but the Street hasn’t cared. It has pushed the shares higher. There are high expectations after Walmart’s blow out report. Will a beat take them to a new 5-year high?
5. Williams-Sonoma (WSM - Free Report) has only missed once in 5 years but the shares remain mostly range bound. There was a small breakout last quarter but there hasn’t been follow-through as the Street is worried about tariffs on Chinese made furniture. Look for many questions about manufacturing and tariffs on the conference call.
[In full disclosure, the author of this article owns shares of WSM in her personal portfolio.]
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Which Retailers Have the Best Earnings Charts?
It’s the end of earnings season so you know what that means.
There are over 150 companies reporting this week including many of the top retailers. But they’re not all the same. Some have excellent earnings surprise track records, and others do not.
It’s not easy to beat every quarter for years, especially in the volatile world of retail. But some of these retailers have done just that.
Which charts should you be watching this week?
5 Retailers with the Best Earnings Charts This Week
1. Kohl’s (KSS - Free Report) has only beat 2 quarters in a row so it’s record isn’t the greatest, but shares are near 5-year highs anyway. Can they bust out to new highs on the strength of this report?
2. TJX Companies (TJX - Free Report) has one of the best retail charts this week. It hasn’t missed since 2014 and shares are breaking out heading into the number. Home Goods is the chain to watch here. That has been a big driver of the stellar same-store-sales growth.
3. Ross Stores (ROST - Free Report) also hasn’t missed since 2014. These shares are also breaking out to new highs as investors believe that low priced retailers are the way to go. Are they priced for perfection?
4. Target (TGT - Free Report) has missed twice in a row but the Street hasn’t cared. It has pushed the shares higher. There are high expectations after Walmart’s blow out report. Will a beat take them to a new 5-year high?
5. Williams-Sonoma (WSM - Free Report) has only missed once in 5 years but the shares remain mostly range bound. There was a small breakout last quarter but there hasn’t been follow-through as the Street is worried about tariffs on Chinese made furniture. Look for many questions about manufacturing and tariffs on the conference call.
[In full disclosure, the author of this article owns shares of WSM in her personal portfolio.]
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>