amazing-Target vs Home Depot: The Dichotomy of Retail Sales | Before the Bell
(5/17/23) Home Depot’s results on Tuesday were its worst report in over a decade; today, however, Target’s report was very positive, with the company holding its guidance for the rest of 2023. How can two retail giants have such different reports, and what does this infer about the economy? Remember all that pandemic spending on home improvements? That’s done. Meanwhile, the essentials of daily living remain, which is where Target, WalMart and Dollar Tree live. Expectations of an economic downturn are being denied as core retail sales continue to trend upward. There is a correlation between tighter credit and lending standards and retail sales, and in a debt-driven economy, retail sales will eventually falter. But we’re not there just yet.
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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👍Thanks, Lance. It is interesting to hear your well-balanced 'contrary-view-but-against-the-contrarians' on subjects like bull gold, Dollar demise and inevitalbe-recession gloom. 👍
Awesome feedback! Thanks for taking the time to share it with us! Sincere regards!