Losses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses.
Home Depot is reporting better than expected profit and revenue for the first quarter, though bad weather early in the year and an extra week in the previous fiscal year dampened the home improvement retailer's comparable store sales Those sales, watched closely by industry analysts, rose 2.5%, short of the 4.2% they were expecting, according to a survey by Zacks Investment Research.
Retailers JC Penney and Kohl’s both posted the financial results for its fiscal first quarter Tuesday.
Retail and sales analyst Erin Sykes on the outlook for the retail sector.
Kohl's Corp. (KSS) on Tuesday reported fiscal first-quarter net income of $62 million.
Same-store sales at home improvement chain rose 2.5% in the first quarter ended May 5, below expectations of a 4.2% increase, according to IBES data from Refinitiv.
E-Valuator Funds CIO Kevin Miller on Home Depot's first-quarter results and the impact of U.S.-China trade tensions and the Federal Reserve on the markets.
Markets need to brace for a long, extended US-China trade negotiation: Fmr. U.S. Commerce Department Deputy Director
Former U.S. Commerce Department Deputy Director Chris Garcia on U.S. trade talks with China and the future of USMCA.
Stocks flopped on Friday, and investors herded into the safety of bonds after the market's reading of the U.S.-China trade war flipped back to worry.
Stocks that moved substantially or traded heavily on Friday: Deere & Co., down $11.17 to $134.82
The latest on developments in financial markets (all times local): 9:35 a.m.
Deere & Co. (DE) on Friday reported fiscal second-quarter earnings of $1.13 billion.
Stocks marched higher for the third day in a row Thursday, erasing the big plunge they took on Monday on worries about the worsening trade fight between China and the U.S. Banks reversed course and helped lead the broad gains.
___ Countertops and rubber bands: US pursues obscure trade cases WASHINGTON (AP) — President Donald Trump's high-profile trade offensives have grabbed headlines and rattled financial markets around the world.
President Donald Trump's latest financial disclosure report is expected to provide a rare glimpse into whether his presidency has helped or hurt his hotels, golf resorts and other parts of his business empire.
Stocks that moved substantially or traded heavily on Thursday: Walmart Inc., up $1.43 to $101.31
Pinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger.
Walmart is posting its sixth straight quarter of same-stores sales growth and profits topped Wall Street expectations.
The world's largest retailer won't be able to escape the tariff war, neither will its shoppers.
Behold the power of low expectations.