Wall Street Unplugged - Your Best Source For Finance, Investing & Economics
Retailers are in big trouble
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:28:48
- More information
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Synopsis
I kick things off today with a special announcement: This is my last free Tuesday Wall Street Unplugged podcast. We’ll be launching WSU Premium next Wednesday (March 1). Find out all about the new features and benefits we’ll be adding to the show—. This morning, we got the latest earnings results from two of America’s biggest retailers: Home Depot (HD) and Walmart (WMT)... I highlight some troubling signs for HD, including one key metric that just fell for the first time since 2009. And there’s more bad news when you look at the company’s costs… and the expensive price tag for its stock. Turning to WMT, the company delivered solid quarterly results but weak guidance for the year ahead. I share some red flags I see in WMT’s outlook… and why the stock doesn’t look like a bargain at current levels. Bottom line: The latest results show there’s more pain ahead for retailers. And investors need to be cautious as the bullish thesis for the stock market falls apart. In this epi