Watch These Stocks This Week
The quarterly earnings season continues this week. In the retail sector, Walmart (WMT) might give investors insight into the impact of tariffs on Chinese imports. Walmart is the blue chip of retail goods. Analysts expect the firm to post revenue of around $165 billion and an EPS of $0.58.
Walmart is unlikely to comment on the impact of tariffs. However, it might incur book expenses to alleviate those costs.
Expect traders of Costco (COST) and TJX Companies (TJX) to react to Walmart’s quarterly earnings results. Among the three, TJX stock is likely the most steady, while WMT and COST stock trade at a P/E of 40 and 59 times, respectively.
In the technology sector, watch Cisco Systems (CSCO). Tencent (TCEHY), a Chinese gaming firm, will report results this Wednesday. On Tuesday, JD.COM (JD) and Sea Ltd. (SE) will report before markets open. On Thursday, Alibaba (BABA) and Applied Materials (AMAT) will post earnings.
Notably, the Chinese tech stocks trade higher than last year’s levels. Stock markets are not concerned about the progress of trade talks between the U.S. and China. In addition, the Chinese government lowered interest rates by 10 bps and loosened credit conditions. It wants to alleviate the economic risks coming from U.S. tariffs.
