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Today we are watching…
1.ย Target (#target)
With recession talk swirling around the stock market, Target isnโt batting an eyelid. The discount retailer does well in hard times as squeezed consumers opt for lower-priced goods. For now, though, Walmart’s recent earnings show shoppers in fine fettle! Target hopes that more investment in logistics will pay off this quarter as it offers more delivery options, and that a profitability kick will continue after buying Shipt, a start-up in grocery deliveries! With unemployment at all-time lows and wages on the rise, it’s over to you, Target, to beat estimates of $1.61 of profit per share on $18.3 billion in revenues.
2. Splunk (#splk)
After a recent slump in Splunk stock because of trade headwinds, investors in the San Fran firm are hoping it can jump after today’s earnings results filter through. Splunk helps big-name businesses collect data about their operations so that possible areas of improvement can be revealed. Capturing more customers from partnerships with Amazon Web Services (AWS), Cisco, and Symantec, demand is only growing for Splunk’s intelligence software. It’s hard to fault the company as it chases more double-digit revenue growth, leading analysts to set a high profit-per-share benchmark at $0.12 on $486 million in revenue.