economy
Retail earnings and oil: What NYSE insider Jay Woods is watching this week
NYSE insider Jay Woods is monitoring retail stocks into their earnings reports this week.
TL;DR
- Key retailers like Target, Walmart, Home Depot, and Lowe's are reporting earnings this week.
- Target's new CEO is credited with its turnaround, though Wall Street anticipates a pullback.
- Walmart is in a near-term downtrend with resistance at $135 per share, but analysts are bullish.
- Home Depot shows technical signs of a potential rally if it surpasses $355 per share.
- Oil companies Exxon Mobil and Chevron are nearing 52-week highs due to elevated crude prices.