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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Why Walmart’s results matter if you trade retail or the dollar

Walmart’s earnings comes in a key week when Home Depot’s numbers showed US consumer caution in spending on big ticket items. US retail sales came in flat in April. CPI was lower-than-expected, which weighed on the US dollar.

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All this could point to easing inflation, which gives the Fed more ammunition to go for a June rate cut. Target reports in the coming week.

(AI Video Summary)

Important week for retail stocks trading

This week is significant for trading retail stocks amidst a backdrop of soft US retail sales and stronger than anticipated Producer Price Index (PPI) figures. Walmart is expected to announce an earnings of $0.52 per share, while Home Depot reported a larger-than-expected drop in quarterly same-store sales.

Home Depot stock

Insights into Home Depot's stock reveal key technical analysis levels, with an imminent focus on its ability to breach the $34,660 mark, considering the market's preference for round numbers. Additionally, the discussion touches upon the impact of persistent inflation on US consumer spending power and hints at the potential for a Federal Reserve rate cut to support consumer expenditure.

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Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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