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If Consumers Are Saviors, Upcoming Retail Earnings Will Show It
- Walmart, Target among US retailers getting ready to report
- Announcements to give window into health of economy, consumer
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From Home Depot Inc. to Walmart Inc., the biggest US retailers are about to grab the earnings spotlight, providing investors crucial insight into consumer demand, the trajectory of economic growth and Corporate America’s profitability.
The group doesn’t have nearly the heft of Big Tech in terms of sway over the broader market. But these earnings announcements set to hit starting next week bear watching for a key reason: Consumer-discretionary shares are the year’s top-performing cohort in the S&P 500 Index, after getting battered in 2022 as soaring inflation and swollen inventories crimped profits.