Walmart, Target and Home Depot could offer further details on how consumers are faring.
First-quarter U.S. company results are winding down, but investors will get one last blast of reports in coming days from some top retailers, which could offer further details on the outlook for earnings and how consumers are faring.
“There’s plenty to worry about the rest of the year... but the risk of an additional sharp contraction in profit margins has come way down,” Jeffrey Buchbinder, chief equity strategist for LPL Financial, wrote in a note Monday. “The retailers are going to be important because obviously they’re going to be a clear sign of where the consumer is headed. I suspect big ones will do well, and specialty ones will be a mix of good and bad,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
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