NEW YORK (TheStreet) -- Earnings season shifts to a focus on consumer spending at several retail-oriented companies. In between Tuesday's four companies reporting before the bell and the two reporting after the closing bell, we'll hear from the Conference Board.
Their reading of consumer confidence should rise to 83.0 in February according to a consensus from economists, up from a January reading of 80.7. Keep in mind that a normal or neutral zone for confidence is between 90 and 110 and all readings since 2007 have been below these thresholds.
Home Depot (HD) earnings report should reflect a strong push on snow removal equipment and we'll see how the retailer may have profited from moving removal equipment.
For Macy's (M) we'll watch to see whether or not the snow storms kept shoppers at home, and how cold weather garment sales fared.
Will Toll Brothers (TOL) blame the weather for slowing single-family housing starts? Wednesday morning the focus will be on New Home Sales for January and economists project that sales will come in at a 400,000 annual pace.
Here are four companies reporting premarket Tuesday:
Home Depot ($77.74): Analysts expect the home improvement retailer to report earnings of 71 cents a share. The stock set an all-time intraday high at $82.57 on Jan. 2 then declined to a 2014 low at $73.96 on Feb. 5 which was below its 200-day simple moving average. Home Depot returned to its 200-day at $77.67 on Feb. 13. The weekly chart is negative with its five-week modified moving average at $78.51 and its 200-week SMA at $51.56. The stock has a gain of 20.8% over the last 12 months. My semiannual value level is $75.25 with a monthly pivot at $77.22 and semiannual risky level at $81.82.
Macy's ($53.71): Analysts expect the mall-anchor department store to earn $2.17 a share. The stock set an all-time intraday high at $56.65 on Jan. 13 then declined to its 2014 low at $50.05 on Feb. 5 staying above its 200-day SMA at $48.78. The weekly chart shifts to negative given a close this week below its five-week MMA at $53.34 with its 200-week SMA at $34.86. The stock has a gain of 36.6% over the last 12 months. My monthly value level is $50.15 with semiannual and quarterly pivots at $54.05 and $54.63 and semiannual risky level is $57.19.