It's a BIG week for retail sales…
The Federal Reserve releases retail sales data on Tuesday, and forecasters see it falling 0.2% versus a 0.6% gain in June.
But also pushing down investor optimism is University of Michigan consumer sentiment index data, which fell to 70.2 from its previous 81.2 level in July. That's the largest sentiment drop since April 2020 — when the pandemic took its initial grip!
In light of neutral-to-bearish data, a few large-cap retailers reporting this week could outperform expectations...
While their earnings reports will give us a good indication of investor sentiment, what I'm most excited about is the forward-looking data.
So will large-cap retailers outperform expectations?
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