|Day Low/High||111.96 / 113.42|
|52 Wk Low/High||84.75 / 118.23|
Retailers have an opportunity to benefit from the strengthening consumer, especially if the housing market rebounds, one economist said.
I don't want the central bank to be late on raising rates, but there's harm in being early.
On Wednesday, May 27 we await quarterly results from Michael Kors (KORS), Tiffany & Co. (TIF), Toll Brothers (TOL), DSW (DSW), Costco Wholesale Corp (COST), and Palo Alto Networks (PANW).
But worrisome retail trends are becoming embedded.
New starts rise may be more of a snap back than sustainable upturn.
Cutthroat competition is good for customers, but not shareholders.
Shares of Lowe's (LOW) were trading lower on Wednesday after the home improvement retailer reported earnings and revenue that came in short of analysts' expectations.
Stocks were flat Wednesday morning as investors anxiously await the Fed minutes out this afternoon.
Trading depends on this afternoon's release of the FOMC minutes.
UBS (UBS) will pay over $500 million in fines for manipulating currencies and interest rates.
For Wednesday, May 20 we await earnings results from Target (TGT), Lowe’s Companies (LOW), Staples (SPLS), Salesforce (CRM), L Brands (LB), and Williams-Sonoma (WSM).
For Tuesday, May 19 we await results from Home Depot (HD), Walmart (WMT), TJX Companies (TJX), Dick's Sporting Goods (DKS), and Etsy (ETSY).
Big retail chains report results this week, giving read on economy.
You could throw darts at financials and health care and win.
It's another action packed line-up on the earnings front for the week of May 18. We'll get results from Home Depot (HD), Walmart (WMT), Target (TGT), Lowe's (LOW) and more.
TheStreet's Jim Cramer is keeping an eye on Home Depot (HD), Lowe's (LOW) and Target (TGT) as all three retailers prepare to post quarterly results next week.
Key housing and manufacturing data and the FOMC minutes will keep interest rate hike speculation front and center in the week ahead.