Retail sales in focus this week


Earnings reports this week from Wal-Mart (WMT +0.6%), Nordstrom (JWN +1.9%), and Macy's (M -0.9%) have heightened importance due to the storm clouds which seem to be gathering over consumer spending for the second half of the year.

What to watch: Wal-Mart's forecast for Q2 same-store sales is fairly wide at 0% to 2%, a dip into negative territory could turn sentiment south in a hurry. The word "promotional" could spook investors of Macy's and Nordstrom, while commentary from all three retailers on early back-to-school sales trends will be critical for sentiment sector-wide.

Related ETFs: XRT, RTH, PMR, RETL

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Comments (1)
  • jw4golf
    , contributor
    Comments (339) | Send Message
     
    you just kinda make it up as you go along, really sad.
    12 Aug 2013, 11:40 AM Reply Like
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