The Week Ahead: Home Depot, Macy's, and Nordstrom Earnings
We're watching for retail earnings reports this week. Plus, housing starts and industrial production.
Jeremy Glaser: Retail earnings will be in focus this week. Home Depot has been delivering what analyst Jaime Katz described as top-notch results recently, but the shares look a bit rich today.
Macy's, which will report on Wednesday, saw its performance stabilize last quarter as it looks to fight the secular headwinds facing traditional department stores. Shares look fairly valued.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.