Home » Markets » Lowe's, Target earnings, retail sales and more: Wednesday's 5 things to know
Lowe's, Target earnings, retail sales and more: Wednesday's 5 things to know
Big decline in earnings estimates dissected
Erin Gibbs and David Nelson provide insight on whether the market has bottomed or if this is a bear market rally on ‘Making Money with Charles Payne.’
Here are the key events taking place on Wednesday that could impact trading.
A busy week for retail earnings will put extra focus on the government’s July retail sales report.
RETAIL SALES: Economists surveyed by Refinitiv anticipate consumer spending to inch up 0.1% month-over-month, well below June’s stronger-than-expected increase of 1.0%.
Excluding the automotive component, spending is seen slipping 0.1% in July compared with a 1.0% rise the prior month. Recall that the retail sales data are not adjusted for inflation, so there’s no way to tell if sales are up because more goods were purchased, or because consumers just paid more to cover higher prices.
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