Retail earnings are in the driver’s seat this week as Tracey Ryniec, our value stock strategist highlighted important earnings coming this week from Home Depot (HD) Williams Sonoma (WSM) and a few others. Todd Bunton, our growth and income strategist as well as the editor in charge of Zacks Surprise Trader highlighted one stock that had a positive earnings ESP. Brian Bolan also highlighted one stock that he believed could post a beat and raise quarter when they report on Friday.
Todd also gave us an update on how the third quarter is progressing in terms of the earnings score card. As expected, there are a good deal more stocks that are beating earnings, but on the flip side, Todd talks about the lowered expectations for next quarter.
Tracey put together five charts that show the earnings history over the last 5 years. Keurig Green Mountain (GMCR) is discussed in detail as is Jack IN the Box (W) and the restaurant sector in general. Finally, we take a look ahead for next week when the Turkey Gods will tell us to gobble up winners or losers from Black Friday and Cyber Monday. Brian then polls Tracey and Todd to see if they believe if Kris Kringle will pay a visit to Wall and Broad streets – the highly anticipated Santa Claus Rally.