Earnings season continues onward. This week, we start to see the rush of retailers reporting but there will also be some technology titans and cannabis companies in the mix.
Still, it’s the retailers which will take the spotlight.
Is the consumer still spending? And what does the holiday season look like?
Retail was left for dead in 2017 but now seems to be the place many investors are hiding out as the technology and growth stocks weaken.
Can it keep the momentum?
5 Retail Stocks to Watch This Week
Macy’s (has beat 5 quarters in a row, proving the naysayers wrong. Amazon hasn’t put it out of business yet, as it has worked on growing its online business and expanding its exclusive product lines. Shares are up 35% year-to-date. M - Free Report)
Canada Goose (hasn’t missed since its 2017 IPO. The maker of luxury winter coats has defied its critics as earnings have risen by the double digits. Shares aren’t cheap as they’re up 82% year-to-date. Can it regain earlier momentum and push higher? GOOS - Free Report)
Walmart (has a great earnings track record, with just one miss over the last 3 years. Shares sold off early in the year but have rebounded and are now up 4% year-to-date. Is this a hidden retail gem? WMT - Free Report)
JC Penney (has seen its stock go the opposite way of the other retailers: down. Shares are at 5-year lows going into this report. It’s the first earnings report with the new CEO so the conference call should be especially interesting. Can this holiday season save the company? JCP - Free Report)
Williams-Sonoma (has the best earnings surprise track record of these five companies, with just one miss in the last 5 years. With consumer confidence at 20-year highs, its comparable sales have improved. West Elm has been its leader for several years but will a slowing housing market bite? WSM - Free Report) [The author of this article owns shares of WSM in her personal portfolio.]
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