Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look now at some of the stocks
Speaker 3: making news in the week ahead. I'm John Tucker along
Speaker 3: with Isabel Lee, the Bloomberg Cross Asset reporter. The parade
Speaker 3: of earnings continues, and we're going to start with the
Speaker 3: biggest retailer in the world, Walmart. What's the expectation there?
Speaker 1: Walmart ticker WMT earnings will be on May twenty first,
Speaker 1: that's a Thursday, which I checked right before we came
Speaker 1: on because you said we had to know the day.
Speaker 1: It's Thursday, seven am. ET earnings call is eight am,
Speaker 1: so early wake up if you really want to know
Speaker 1: more about Walmart revenue expected. The consensus estimates is seven
Speaker 1: hundred and forty eight billion dollars adjusted wut at EPs
Speaker 1: two dollars in ninety three cents and deluted EPs two
Speaker 1: dollars ninety three cents. So I could bore you with
Speaker 1: the numbers, but key themes to watch definitely market share gains.
Speaker 1: We know Walmart is positioned to benefit from its value
Speaker 1: and convenience proposition with sustained e commerce momentum. Maybe not
Speaker 1: in New York. I really can't relate whenever.
Speaker 3: I would love to go to I've never been to one.
Speaker 2: Oh my gosh, they're not around here.
Speaker 1: I think I may have been to one, or maybe
Speaker 1: I'm making it up.
Speaker 3: But which makes us more than qualified to talk.
Speaker 1: Yeah, it's a once in a lifetime thing for me.
Speaker 1: I would love to go to. Well, you and I
Speaker 1: can go on a field trip.
Speaker 3: There, we go. We can expense it.
Speaker 2: Now.
Speaker 3: When I talk about Walmart, I said that the world's
Speaker 3: largest retailer, but it's also the world's largest grocery chain too.
Speaker 1: Is a lot of people shop there. So according to
Speaker 1: Jennifer bartist Huss of Bloomberg Intelligence, she's going to be
Speaker 1: looking at online profitability. They're going to see whether e
Speaker 1: commerce margins have improved same star sales and will get
Speaker 1: revenue gains of four to five percent are anticipated. And
Speaker 1: of course you're going to see consumer health. I mean,
Speaker 1: we have all heard this.
Speaker 3: This is kind of a bell weather in terms of
Speaker 3: economic performance for uh, do I dare say the lower
Speaker 3: end consumer?
Speaker 1: Yes, So you're going to see that and we've heard
Speaker 1: time and again and all the radio shows the K
Speaker 1: shaped economy. I just read again a note today that
Speaker 1: travel is going to see heightened K shape economy, and
Speaker 1: I thought, obviously, I mean the higher income will be
Speaker 1: in private jets and I will be in economy, you know, So.
Speaker 3: Okay, let's move on. This is one store I have
Speaker 3: been in. Actually put an Anderson window there. It was expensive.
Speaker 3: But I'm talking Home Depot. One of the things I'm
Speaker 3: seeing more and more at Home Depot. More and more
Speaker 3: like professionals, carpenters, whatever show up. And it's not just
Speaker 3: you know, people like Bozo's like me.
Speaker 1: So, okay, Home Depot ticker is HD. You are not
Speaker 1: a Bozo. But I think home Depot is a kind
Speaker 1: of place that you're welcome on. I think the kind
Speaker 1: of place that you just have what you If you
Speaker 1: need something, it's there Because I go to Home Depot,
Speaker 1: guess for what plans?
Speaker 3: Really?
Speaker 1: Yeah, they see you never noticed because that's not what
Speaker 1: you need. I never noticed the carpentry because I live
Speaker 1: in the tiny New York apartment. But Home Depot is
Speaker 1: also going to report earnings May nineteen. That's a Tuesday. Oh,
Speaker 1: this is even earlier. The release will be at six am.
Speaker 1: ET Earning is called will be nine am, so you
Speaker 1: can have breakfast in between. Revenue expected is one hundred
Speaker 1: and seventy eight billion dollars. Adjusted diluted EPs is sixteen
Speaker 1: dollars and thirty one cents, gap diluted EPs fifteen dollars
Speaker 1: and ninety eight cents, and that's earning sixteen billions. So again,
Speaker 1: key themes to watch your also consumer confidence. I mean,
Speaker 1: uncertainty around inflation and job security has really, I guess,
Speaker 1: deterred people from making large home improvements. Why will you
Speaker 1: remodel your kitchen when you think you're well.
Speaker 3: The other thing is the mortgage rates and what the
Speaker 3: ten years growing up, the thirty year, the long bond
Speaker 3: that was, you know, hovering right around five percent. With
Speaker 3: the latest economic figures that feeds through mortgage rates home
Speaker 3: expenses one hundred percent.
Speaker 1: That's a great point. And I think another key theme
Speaker 1: to watch is we have management indicating they've learned to
Speaker 1: manage tariff, so we'll see how that plays out. I
Speaker 1: feel like tariff we kind of forgot about it.
Speaker 3: When I say.
Speaker 1: Forgot, like new headlines have kind of dominated the market,
Speaker 1: but it's still very alive and well.
Speaker 3: Okay, let's finish up with the last stock on your list.
Speaker 3: And I'm I'm just hoping there's some intersection between artificial
Speaker 3: intelligence and John Deere. I mean, they're building all these
Speaker 3: data centers everywhere they are, and Deer makes stuff that
Speaker 3: you can build data centers with, like tractors and stuff
Speaker 3: like that.
Speaker 1: I guess, yeah, that's actually no ticker is thee. They
Speaker 1: have Earnings also made twenty one Thursday, six am. Earnings
Speaker 1: call is ten am, so you get a longer breakfast
Speaker 1: in between. Net sales is estimated to be forty one billion,
Speaker 1: total revenue forty seven billion dollars net and come four
Speaker 1: point eight billion dollars, et cetera. So they're expected to
Speaker 1: post a better than expected fullier twenty twenty six results. Again,
Speaker 1: to your point, it's driven by maybe agricultural equipment makers
Speaker 1: and the momentum in building construction.
Speaker 3: Well, you know the farmer, you know, we call it farmageddon.
Speaker 3: What's happening on the next right now? Well, yeah, no,
Speaker 3: it's been a very difficult time, especially with the tariffs
Speaker 3: and the planting season. So you know, again, dear something
Speaker 3: of a bill weather for the Yuba's economy.
Speaker 2: Yeah.
Speaker 1: Tariff also, you're right is a key risk and used
Speaker 1: inventory overhang because there's an elevated use tractor inventories which
Speaker 1: continue to weigh a new equipment demand in pricing. I
Speaker 1: guess where do you store these things?
Speaker 3: They're so gigantic and they're Trust me, they're expensive too.
Speaker 1: I can imagine.
Speaker 3: I know from first hand experience.
Speaker 1: Wow.
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