20 August Watchlist 👀

Table of Contents

 

Today we are watching…

1.  Home Depot (#homdep)

Home Depot isn’t like other retailers. It’s a big-box retailer, meaning you grab your items straight from the delivery crate. Today, it releases its earnings figures. Bullish investors haven’t been watching the news recently, with slowing new home sales and growing trade tensions expected to hurt the company. Many Home Depot products are on the tariff list, although that may be geopolitical noise to other investors, who are impressed by Home Depot’s performance on the shop floor. Products have been flying off the shelves, with customers still keen on home improvement. The company aims to beat $3.07 of profit per share on $31 billion in revenue.

2. Urban Outfitters (#urban)

Alongside retail competitor Kohl’s, Urban Outfitters is about to report its latest line of numbers amid a long, slow decline for its sector. The market is frustrated with ballooning administrative costs, fearing the worst today as margins continue to contract. However, the stock might get out of jail if Urban Outfitters don’t do quite as miserably as many expect. Today, the company has the opportunity to show some resistance to its current struggles. The casual clothing firm is up against profit per share estimates of $0.59 on just shy of a billion in revenue.

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