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The Week Ahead: Walmart, Home Depot Earnings Due

The Week Ahead: Walmart, Home Depot Earnings Due

Jeremy Glaser: We don't know if it will be another wild week in the market or not, but there isn't much in the way of earnings or data that's likely to leave a big mark.

Walmart reports on Tuesday. The wide-moat retailer had robust top-line growth last quarter with a 50% increase in e-commerce revenue, but profitability slipped. Analyst John Brick sees the shares as overvalued today.

Home Depot is also due Tuesday. The firm has been on a roll, aided by the tailwinds of a strengthening housing market, but analyst Jaime Katz sees it as pricey today.

One retailer that looks undervalued is Advance Auto Parts. The firm has been under pressure from Amazon's entry into the category, but Zain Akbari thinks the narrow-moat firm will be able to execute on its ongoing turnaround effort. Shares shot up after last quarter's earnings, but Akbari still sees value. HP Inc and HP Enterprise both report this week as well.

There isn't much data, with existing home sales and the weekly look at initial unemployment claims on tap.

Stay tuned for our take on all of these stories.

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