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Week Ahead: Retailer Earnings on Deck

Jeremy Glaser

For Morningstar, I'm Jeremy Glaser. Welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting Feb. 22.

Although well over three-quarters of firms in the S&P 500 have already reported fourth-quarter earnings, we still will hear from a handful of retailers and others this week.

Macy's has been struggling with sales declines as it grapples with competition from both e-commerce and brick-and-mortar threats. Management has announced some major cost-cutting initiatives, but the impact of those will take some to appear.

Home Depot and Lowes earnings are often interesting, as both firms can be a good barometer for the health of the housing market.

One retailer that has been doing better is TJX, the operator of TJ Maxx, Marshalls, and other concepts. We'll see if its winning streak will continue when the firm reports on Wednesday.

Other earnings this week include Kraft Heinz, Gap, AB InBev, and Best Buy.

Housing data will be in focus during the week with the release of the Case-Shiller home price index, existing home sales, and new homes sales.

The non-inflation-adjusted retail sales data looked stronger in January, so we'll be watching the inflation-adjusted consumption data due Friday for more signs that the consumer is hanging in there despite the market volatility and economic concerns.

We'll also get the second estimate of fourth-quarter GDP on Friday.

Stay tuned to Morningstar for our take on all of these stories throughout the week.