- (1:10) - Home Depot Earnings Report
- (4:00) - Macy’s Earnings Report
- (7:30) - Nordstrom Earnings Report
- (10:45) - Walmart Earnings Report
- (13:30) - Supreme Court Legalizes Sports Betting
On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including the latest earnings results from retail giants—including Home Depot, Macy’s, Nordstrom, and Walmart—as well as the Supreme Court’s sports gambling decision and which stocks to watch now.
Make sure to subscribe and leave the show a rating on Apple Podcasts!
It was a busy week for the retail sector, with a number of marquee companies filing their latest earnings reports. Up first was Home Depot (HD - Free Report) , a popular bellwether for both the retail and homeowner economies. Home Depot’s revenue and same-store sales lagged expectations, but the company cited unusual winter weather as the cause and reaffirmed its full-year view.
Also this week, department store giants Macy’s (M - Free Report) and Nordstrom (JWN - Free Report) reported. Macy’s cruised past expectations and notched impressive comps growth, and its strong earnings guidance had investors feeling great in the wake of the report. Meanwhile, comps at Nordstrom were a bit sluggish; however, the retailer continued to flex its digital supremacy.
Wrapping up this week’s major retail earnings, Maddy and Ryan also chatted about Walmart (WMT - Free Report) , which saw decent results on the top and bottom line. Investors were also focused on what the company had to say about its pending 77% stake in Indian e-commerce giant Flipkart.
Finally, the hosts closed this week’s show by discussing the Supreme Court’s decision to overturn a federal ban on sports gambling. The decision frees up billions of dollars in illegal wagering and presents buying opportunities for investors looking to profit from new businesses.
Check out the show to hear which stocks should benefit the most!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at email@example.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>