Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Consumer confidence soared to a record high in October and we will see how it reflects on the overall U.S. retail sector as a number of earnings reports from major retailers hit the market this week.

Major retail giants like Home Depot, Inc. (HD ), Target Corporation (TGT ), and consumer electronics retailer Best Buy Co., Inc. (BBY ) are scheduled to report their Q3 2017 earnings this week and the market is expecting some upside potential to their stocks based on the strong consumer sector.

In terms of dividend payments, Target Corporation is considered to be one of the highest-yielding companies in the retail industry, but analysts are expecting them to post a much lower EPS in Q3 2017 compared to last year. Besides Target, other major retailers seem to have done well for themselves as the strong labor market has provided ample disposable income for consumers to spend in their stores.

In summary, after a few weeks of tentative price action, we may see the Dow push for a new high if some of these retail segment earnings beat their respective estimates.

Check out last week’s Market Glance here, in which investors scrutinized earnings reports of large pharmaceutical companies.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Untitled%20design%20%2820%29

Apple Slips on Most Watched Stocks List as iPhone X Runs Into Trouble

Last week, Apple hit $900 billion in market cap, but it did not cheer up dividend investors as...

Premium Fees

The Fee War Keeps Benefiting Investors

There are plenty of things that determine your overall returns when it comes to investing. But...


Western Asset High Income Fund II Sees a 6% Decrease in Dividend

Every day, companies across the globe announce upcoming dividend payouts. You can find the...