Today we are watching…
1. Home Depot (#homdep)
Home improvement retailer, Home Depot, is ready to post its earnings today and analysts are feeling cautiously optimistic. After seeing Walmart’s blockbuster earnings announcement, investors are hoping that #homdep can also ride the wave of strong retail sales and e-commerce growth into a strong earning report today. On the downside however, worries about a trade war-related slowdown have some analysts concerned about headwinds in the near future that could dampen the company’s outlook going forward. Keep your eyes peeled!
2. AutoZone (#autzon)
AutoZone has been on a seemingly unstoppable hot-streak this year, risking 54.46% on a 52-week basis. The company has outperformed its industry by some distance, which has struggled to gain traction, thanks to tensions between the US and China. Its fast delivery system and high-quality product base are expected to boost strong Q3 results this year, supported by a solid online platform too. However, its costly investment in technologies and in-store infrastructure may weigh on its earnings announcement today.
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