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Today we are watching…
1.ย Dollar General (#dollarg)
Dollar General is a doomsayers stock pick. It’s set to thrive on a downbeat economy when consumers opt to shop where prices are lowest, and it’s also been in the news lately. Dollar General was fined a couple of million for selling expired drugs. Investors (who didn’t take the pills) don’t give a damn, because the company made over 140 billion dollars last year! As Dollar General’s scheduled earnings release arrives today, the market is hoping a new app incentivizes more sales, and a new focus on cost management means more of those sales dollars can reach the bottom-line. Analysts estimate the company will make $1.58 in profit per share on $6.9 billion in revenue.
2. Best Buy (#bestbuy)
From an investors standpoint, Best Buy has successfully lived up to its name this year. Employing robots to transport its electronics products from supplier to warehouse to shop shelf has paid off in recent quarters, fanning the flames of its stock. Its competitors remain fearsome, however. Walmart and Amazon are in a two-horse race for growth in market share, but Best Buy has still aptly defended its electronics niche recently. Shareholders will be keen to tune into the conference call that comes with Best Buy’s earnings release today, where the CEO will show off plans for the holiday season. The retailer is tipped to make $0.99 in profit per share on $9.57 billion in revenue.