Investing.com: Will Retail Rout Continue? Key Companies Report Q1 Results

Read the full article on Investing.com.

Excerpt: 

  • The consumer is holding up despite surging inflation. A hot jobs market helps

  • An equal-weight basket of retail stocks has plunged 30% this year as a pessimistic outlook permeates market

  • Will investors shop for value among some beaten-down names?

  • We highlight two non-consumer companies that have yet to confirm an earnings date for next quarter. Is that a bearish sign?

The U.S. corporate earnings season is winding down. There are still key companies that have confirmed earnings dates, though. Retail is in focus. The week of May 15 could be particularly crucial since the economy appears on the downhill considering weakening GDP and stubbornly high inflation. The weight of the world rests on consumers to keep doing what they do best: spend, baby, spend. The outlook could be challenging for well-established stores, as folks transition from product/retail spending to services. It could be a bumpy week ahead.

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