On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains discusses the latest retail earnings results from the likes of Home Depot (HD - Free Report) and others. We then take a look at what investors should expect from high-flying Target (TGT - Free Report) . And the episode closes with why Tempur Sealy (TPX - Free Report) is a Zacks Rank #1 (Strong Buy) right now.
The S&P 500, Nasdaq and the Dow all closed at new records Monday. President Trump also met with Fed Chairman Jerome Powell at the White House, before he took to Twitter to describe his thoughts on the meeting.
Meanwhile, Wall Street is focused on retail earnings, which continue to take center stage after Walmart (WMT - Free Report) kicked things off late last week. Home Depot saw its stock price slip Tuesday, while Kohl’s (KSS - Free Report) tumbled. This puts more pressure on Nordstrom (JWN - Free Report) , Gap (GPS - Free Report) , and Macy’s (M - Free Report) , which all report their quarterly results Thursday.
Shares of Macy’s and other department stores have fallen over the last serval years as they struggle to grow in the Amazon (AMZN - Free Report) age. Target, on the other hand, has soared recently as it successfully expands its e-commerce and delivery business. TGT reports its quarterly results before the opening bell Wednesday.
Today’s episode then closes with a dive into why Tempur Sealy is a Zacks Rank #1 (Strong Buy) stock at the moment, as part of broader strength in the Retail – Home Furnishings industry, which includes RH (RH - Free Report) and Williams-Sonoma (WSM - Free Report) .
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