
What to Watch in the Week Ahead: It's Target's Turn to Report Earnings
For the week of Nov. 16 we expect to get financial reports from several companies that have not yet released earnings.
The week begins with JD.com (JD) - Get Report , Dillard's (DDS) - Get Report and Urban Outfitters (URBN) - Get Report showing us how they did in the latest quarter, followed by Wal-Mart Stores (WMT) - Get Report , Home Depot (HD) - Get Report and Dick's Sporting Goods (DKS) - Get Report on Tuesday.
On Wednesday we'll hear from Lowe's (LOW) - Get Report , Target (TGT) - Get Report and L Brands (LB) - Get Report .
On Thursday, Best Buy (BBY) - Get Report and Gap (GPS) - Get Report will report, and we'll end the week with Foot Locker (FL) - Get Report .
The company taking the spotlight this week is Target. For the latest quarter, analysts are calling for $0.86 a share on revenue of about $17.5 billion.
It looks like there's a silver lining in the slumping retail industry. Target is expected to post year-over-year growth in both profits and sales.
So far, the company has been focusing on Black Friday strategies. It recently announced that Black Friday promotions will be launched five days in advance, encouraging consumers to do more shopping.
TheStreet's Portfolio Analyst Scott Berman said investors should pay attention to Target's report because of the weak sales numbers we've seen so far from other retailers.
"Target has beaten expectations since they've gotten their new CEO Brian Cornell and they really have all the right initiatives going on right now with mobile, online, Star Wars merchandise, back to school, so we're looking for them to beat expectations despite the weak retail sales numbers," Berman said.
In addition, several economic reports will be released this coming week. We'll kick off the week with the Federal Reserve's Empire State manufacturing survey, which covers New York. We'll then get the U.S. housing market index and Treasury international capital on Tuesday.
Later in the week we'll get housing starts and the Federal Open Market Committee will issue its minutes. Finally, we'll see jobless claims on Friday.
TheStreet's U-Jin Lee reports from Wall Street.








