Earnings to Watch: TGT, WMT & More
With a parade of major retailers and some smaller tech firms on tap to post earnings next week, check out what analysts expect and how to trade some of the top companies.
MONDAY - Groupon
"I don’t even understand what’s so great about their business model. At the end of the day, they peddle coupons," Jim Iuorio of TJM Institutional Services said on CNBC's "Power Lunch." "They may post decent earnings—but there’s no reason I’d get involved at this point."
TUESDAY - Home Depot , Dick's Sporting Goods , TJX , Saks, JCPenney
"When you put [Home Depot] together with the consumer sentiment numbers, I kind of like [the company]," Iuorio said of the home-improvement retailer. "And the way it’s traded over the last week or so seems to have put in a bit of a stabilization area ... and your stop’s pretty well defined, too, if it takes out lows from last week."
WEDNESDAY - Target , Abercrombie & Fitch, Deere, Staples, Limited Brands
"I'm not too pleased with them hanging their hat on big growth in Canada as their next growth area. I don’t hear that mentioned as the next hotspot, but I think Target does a lot of things well," he said. "I would maybe take a small shot in Target."
THURSDAY - Wal-Mart , Dollar Tree, Ross Stores, Gamestop, Aeropostale, Gap, Zumiez
"I don’t really love Wal-Mart. All of their stores that are international have been there for 10 years or more, and they haven’t had a good return on assets there," he said.
Computer Sciences, Applied Materials, Marvell Tech, Autodesk, Salesforce.com
FRIDAY - Ann, Foot Locker