Here's an ETF that outperforms the S&P 500 over a longer time horizon.
Amazon reported strong first-quarter results, wherein it beat both earnings and revenue estimates. The-commerce giant also provided an upbeat revenue outlook for the ongoing quarter.
Amazon has gained about 25% so far this year and outperformed the industry???s average growth of 5.2%. This outperformance might continue given that the online behemoth has reasonable chances of an earnings...
In March 2023, U.S. retail sales experienced a 1% sequential decline, better than market expectations of a 0.4% decrease.
The retail sector, which was on a roll ahead of the Q4 earnings, seems having trouble finding their footing due to rounds of weak earnings report from number of large retailers.
Walmart (WMT) reported fourth-quarter fiscal 2023 results, wherein it surpassed both earnings and revenue estimates but issued a weaker-than-expected outlook for the full year.
Overall, the retail sector is expected to report an earnings decline of 32% on 5.1% revenue growth. The earnings season is coming to an end, with about 50% of the companies only from this sector yet to...
Retail sales in the United States increased 3% sequentially in January of 2023, the biggest increase since March of 2021.
Americans are expected to shell out $25.9 billion on Valentine's Day this year, up from $23.9 billion in 2022 and one of the highest spending on record.