Earnings season continues this week, and a number of large-cap companies are reporting pivotal quarterly earnings. Here’s which ones we’re keeping an eye on 👀
👨💻 Business-facing software solution companies Workday and Intuit are reporting this week. $INTU (the creators of QuickBooks, TurboTax and Mint) and $WDAY (a cloud finance & HR planning system) are reporting on November 19. Both companies have outperformed throughout the pandemic, largely because of companies rushing to find digital solutions to satisfy the new normal.
🏠 Home improvement retailers Lowe’s and Home Depot are both reporting earnings this week. Record numbers of homebuyers drove a rush for home improvement projects earlier this year. The results from both $LOW and $HD could show if the boom has kept pace. Earlier this year, the Dow Jones selection committee made $HD the second largest component of the $DIA index in a show of confidence about the retailer.
🛒 Consumer strongholds Target and Walmart will give us an idea of the strength of the part of the economy that gauges discretionary spending. $TGT and $WMT have done well throughout the pandemic, boosted in part by grocery delivery services. Their earnings will provide unique insights into their respective business success and what the future might hold for digital services & subscriptions.