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Big Week for Retail: HD, TGT, LOW Report
Wall Street's retail sector takes centre stage this week. Three of America's biggest consumer names report earnings between Tuesday and Wednesday.
Today (Tuesday), Home Depot kicked off with its earnings call, with a market cap of $296bn. Investors are watching for any sign of tariff pressure on home improvement demand. Also today, The Progressive Corporation releases results after the close. The insurer carries a $117bn market cap. Toll Brothers also reports today after hours.
Tomorrow (Wednesday), the pressure mounts. Lowe's reports at 9am ET. The $122bn home improvement rival to Home Depot faces the same headwinds. TJX Companies — worth $163bn — also reports Wednesday. The off-price retailer has been a tariff beneficiary thesis. Target holds its earnings call Wednesday morning too.
Thursday, Deere & Company releases results. The $152bn farm and construction equipment maker is a key read on agricultural investment.
Later in the week, Ralph Lauren, Deckers Outdoor, and Advance Auto Parts round out the consumer picture. No major IPOs are scheduled in the next seven days.