WMT, HD, LOW, and TGT all report this week

 WMT, HD, LOW, and TGT all report this week

After a run of mixed macroeconomic data out of the world’s largest economy (weak jobs report, hot CPI reading, disappointing retail sales), traders are desperate for more data on the state of the US consumer. Thankfully, several of the biggest retailers in the US all report earnings this week, including heavy hitters like Walmart (WMT), Home Depot (HD), Lowes (LOW), and Target (TGT).

Bolstered by another round of stimulus payments and limited options for spending money elsewhere, US consumers continued to flock to these retailers throughout the first quarter. In particular, the home improvement stores (Home Depot and Lowe’s primarily) are poised to report strong results amidst surging lumber prices and a home remodeling boom as consumers seek to invest in improving their living/working/learning/exercising/entertaining spaces.

Below, we highlight the expectations, key themes, and technical levels to watch on four of the biggest…

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