The Week Ahead: Will Retailers Impress?
Earnings from Wal-Mart, Home Depot and others will roll in. Plus, more hints on the Fed’s next move.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser and welcome to the Week Ahead, our quick take on what investors should have on their radar screens.
After Macy's and Kohl's impressed the market we'll see how other retailers are faring this week.
The first group of retailers to report are those that have been doing well recently including Home Depot and Lowe's, which have been riding the wave of better housing news, and TJX, which is the parent of TJ Maxx and Marshalls, which has been doing well as consumers search out bargains. We'll see if those winning streaks continue.
Wal-Mart, on the other hand, has seen some softer results although it is beginning to turn around as they have invested heavily in their business. And we'll see signs if those investments are continuing to pay off.
Other earnings reports this week include Gap, Target, and Deere.
There are some key economic data releases this week, too, which should provide some more insight into how the Fed will think about the timing of a rate hike.
Most directly will be the minutes from the Fed's last meeting, which will provide some clarity on what was weighing on the central bank when they decided to stay put.
The consumer price index is also important as it will show if inflationary pressures are still tame enough to allow the Fed to keep on its cautious path.
We'll also get industrial production and some housing data.
Stay tuned to Morningstar for our take on all of these stories.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.