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US retailers are extending Black Friday deals into weeks-long sales events to stimulate consumer spending, which is showing signs of slowing. Major retailers like Walmart, Amazon, and Target are offering significant discounts, yet general merchandise sales fell 3% year-on-year as consumer confidence remains low amid persistent inflation concerns. Despite forecasts of nearly $1 trillion in holiday sales, growth is expected to be the slowest since 2018, prompting retailers to incentivize purchases across different income levels.
US corporations are significantly investing in solar and energy storage, with Meta leading in solar capacity and Google in energy storage. The Solar Energy Industries Association reports nearly 40 GW of solar capacity and over 1.8 GWh of storage installed by companies like Amazon, Target, and General Motors, driven by incentives from the Inflation Reduction Act.
UBS has raised its price target for Walmart Inc. to $100, maintaining a Buy rating, citing strong third-quarter results and a promising growth outlook. The retailer"s transition into a dynamic ecosystem is expected to enhance sales and earnings, paralleling past successful transformations. Analysts from multiple firms remain optimistic, highlighting Walmart"s robust performance, including a 22% increase in U.S. e-commerce sales and a 28% rise in global advertising revenue.
Agree Realty Corporation is a real estate investment trust (REIT) specializing in the ownership, acquisition, development, and management of retail properties leased to various tenants. With a portfolio of over 2,135 properties across 49 states, totaling approximately 44.2 million square feet, its tenants include major brands like Walmart, Best Buy, and Home Depot. UBS has issued a neutral rating on the company.
Agree Realty Corporation is a real estate investment trust (REIT) specializing in the ownership, acquisition, development, and management of retail properties leased to various tenants. With a portfolio of over 2,135 properties across 49 states, totaling approximately 44.2 million square feet of gross leasable area, its tenants include major retailers like Walmart, Best Buy, and Home Depot. UBS has issued a neutral rating for the company.
Home Depot has reported better-than-expected quarterly results, signaling a potential earnings rebound as it approaches 2025. The positive performance has raised optimism about the company's financial outlook moving forward.
Home Depot Inc. has raised its sales outlook for the year, driven by increased demand for home-improvement materials following adverse weather conditions. Despite a 1.3% decline in comparable sales for the quarter ending in October, the results surpassed Wall Street expectations, with adjusted earnings also exceeding estimates.
Bitcoin surged past $88,000 in a record-setting rally, boosting related stocks like MARA Holdings and MicroStrategy, which saw significant gains. Meanwhile, traditional commodities like gold faced declines, while the transportation sector thrived, with the SPDR S&P Transportation ETF hitting a fresh high. Home Depot is set to report earnings, with its stock up 17% since its last results.
Jim Cramer highlighted key earnings reports to watch next week, including Home Depot, Disney, and new CPI data. He anticipates positive results from Home Depot and Spotify, while cautioning that a hot CPI could dampen market enthusiasm. Cramer also noted potential surprises from Cisco and CyberArk, and expressed skepticism about Chinese stocks like Alibaba.
Wall Street is optimistic about one retail stock while expressing concerns about another. Home Depot Inc. is set to announce its earnings on August 13, following a visit to one of its stores in Washington, DC, on August 12, 2024.
The Home Depot, Inc.
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us retailers extend black friday deals to boost consumer spending
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agree realty corporation maintains neutral rating with diverse retail portfolio
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23:47 11.11.2024
earnings reports from home depot disney and consumer price index data ahead
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00:30 09.11.2024
wall street mixed on retail stocks ahead of home depot earnings report
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