CNBC Pro screened for the Street's favorite retail names.
It was a big week for investors in retail stocks with some of the sector's biggest names reporting. But with the week in the rearview mirror, investors are now evaluating crosscurrents. Walmart posted an earnings beat and strong guidance, while Foot Locker noticeably missed Wall Street's expectations for the quarter and gave uninspiring guidance for future performance.
The company beat Wall Street's expectations on top and bottom lines in its fiscal first quarter when it reported Thursday, noting that grocery and online sales helped offset softness in clothing and electronics. Walmart also raised its full-year earnings guidance following the strong quarterly report. TJX was another reporting company that made the list. The T.J.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Monday is Ford's chance to convince Wall Street skeptics of its EV plansFord is hosting a 'Delivering Ford+' capital markets day in which it has promised to provide details of how it expects to achieve previously stated targets.
Baca lebih lajut »
What Could ChatGPT Do to Wall Street?A look at Wall Street’s past efforts to speed up trading by embracing computers and AI illuminates the implications of using them for decision-making.
Baca lebih lajut »
Authorities warn motorists against illegal street racing or street takeoversPush against street racing is launched by CHP, LAPD and others ahead of release of the latest “Fast and Furious” film.
Baca lebih lajut »
TipRanks reveals the top 10 health care sector analysts of the past decadeTipRanks' analyst ranking service ranks the top Wall Street firms of the past decade.
Baca lebih lajut »
AAPI Cultural Heritage parade to proudly travel around MidtownThe parade begins at 44th Street and goes up 6th Avenue to 55th Street.
Baca lebih lajut »
Crypto is causing more problems in divorces, attorneys say: CNBCInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »