Both Dow Jones Industrial Average and the S&P 500 ended the week on a strong note, thanks in part to strong earnings results that allayed fears about the spread of the Delta variant and its impact on economic growth. On a less optimistic note, supply chain challenges will still pose challenges at least in the fourth quarter of the year.
Johnson & Johnson's (NYSE:JNJ) news to split itself into two companies and Rivian's (NASDAQ:RIVN) strong IPO helped end the week on a high note. Here are this week's highlights that include Big Box retailers.
Walmart
On Tuesday, Wall Street expects Walmart Inc (NYSE:WMT) to deliver solid third-quarter results. However, increased margin pressure could prevent the company from issuing strong guidance in Q4, meaning the most wonderful time of the year, the holiday quarter could come short of estimates.
Home Depot
The largest U.S. home improvement retailer, The Home Depot (NYSE:HD) has gained nearly 40% year to date, and better than expected results could send its stock to new all-time highs.
Target
Still speaking of big retailers, Target Corporation (NYSE:TGT) will be looked upon as a proxy of consumers' propensity to spend ahead of the most important quarter of the year defined by holiday shopping. Investors will also be looking for updates about shipping delays and supply chain disruptions to which not even the largest retailers are immune.
Cisco
Nvidia
Alibaba
On Thursday before the markets open, Alibaba Group Holding (NYSE:BABA) needs to alleviate fears regarding its corporate governance, which has brought on regulatory inquiries. Concerns over the company's rocky political standing in China that could impede its future growth also need to be alleviated.
Palo Alto Networks
If there was a golden age for cyber security companies, this is it so expectations are high for Palo Alto Networks (NASDAQ:PANW) as the trend of home offices and remote working are here to stay.
Shoes News
A Week of Retail
By the looks of it, this will be a retailers' week. According to CNBC's Jim Cramer, this week's retail earnings will provide a glimpse into how American consumers feel about higher prices, and more importantly for the economy, how they are spending their hard-earned dollars.
The post Weekly Preview – a Snapshot of Retail appeared first on IAM Newswire.
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