NEW YORK (TheStreet) --A plethora of retailers will report quarterly financial results this week. Dick's Sporting Goods (DKS) and Home Depot (HD) are slated to report on Tuesday. Lowes (LOW) and Target (TGT) will report on Wednesday. Best Buy (BBY) and Walmart (WMT) will report on Thursday, and Foot Locker (FL) will report Friday.
"I think Dick's Sporting Goods will do very well. Now that people finally got their focus away from golf and back on to what they're getting all their beef from, I think this is going to be a strong report," Najarian Family and Advisors Office co-founder Pete Najarian said on CNBC's "Fast Money Halftime Report" today.
Additionally, Najarian thinks Home Depot will post a strong quarter as well, however, received some pushback on that thesis from Lebenthal Asset Management CEO Jim Lebenthal.
"I'm a little worried about Home Depot, it's not so much on the quarter that just passed but, we got a note that rates have moved higher, that damages household affordability when purchasing a home," he noted.
That said, Najarian believes Home Depot will climb higher due to the amount of spending taking place at those stores, and the spending being done by professional homebuilders.
UBS O'Connor global macro portfolio manager Erin Browne thinks that should corporate tax rates come down correlating with the Trump administration, retail stands to be a significant beneficiary.
"Retailers are in the line of what's really going to be helped with corporate tax rates coming down. The reason for that is they are paying statutory tax rates 35%-37%, unlike the rest of the S&P paying taxes at 27%. I think if corporate taxes are reduced, that's a 30% earnings boost to the sector," she explained.