Major retailers Target (TGT) and Macy’s (M) released their latest earnings results. While Target surges after topping estimates and Macy’s sinks on a revenue miss, both companies showcase different sides of the American consumer that continues to seek out discounts.
The Morning Brief hosts Seana Smith and Brad Smith tackle all this and more leading into Wednesday’s market open.
Truist Co-Chief Investment Officer and chief market strategist Keith Lerner shares his insights into the stock market (^DJI, ^IXIC, ^GSPC) rebound led by major tech stocks.
TD Cowen senior research analyst Oliver Chen also joins the program to discuss the “choppy” consumer environment for Target as elevated inflation is still a hindrance to large segments of Americans.
Other top trending stocks on the Yahoo Finance platform include Ford (F), Tesla (TSLA), Walmart (WMT), and JD.com (JD).
This post was written by Luke Carberry Mogan.