Will Shrink Strike Again? DICK’S and Best Buy Highlight Week 2 of Retail Earnings - News Summed Up

Will Shrink Strike Again? DICK’S and Best Buy Highlight Week 2 of Retail Earnings


The fund and many of its holdings are in play this week amid key earnings reports and macro data. After Walmart (WMT) and Ross Stores (ROST) provide earnings numbers this Thursday, Thanksgiving week provides little respite in the two consumer sectors. DKS 1-Year Stock Price History: High-Volume Drop Following Weak Q2 ResultsBest Buy Tossed into the Clearance BinMaybe the most impacted big-box store by the rise of e-commerce is Best Buy (BBY). Implied volatility is also to the high side with Best Buy, but the company has topped EPS estimates in 11 of the previous 12 quarters with the stock trading higher post-earnings in six of the last seven quarters, per ORATS. BBY 1-Year Stock Price History: Best Buy Shares on the FritzThe Bottom LineIt’ll be planes, trains, automobiles, and retail earnings numbers during Thanksgiving week.


Source: Wall Street Journal November 15, 2023 15:09 UTC



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