CNBC's "Fast Money" Countdown to Retail Earnings… And A Self-Driving Push 11/18/24
Nov 18, 2024
As retailers brace for a crucial earnings week, the contrasting fortunes of Walmart and Target take center stage. Anticipation builds around consumer spending trends as the holiday season approaches. Meanwhile, Tesla's prospects soar with potential government support for self-driving technology, though not all companies are equally primed for this shift. The sneaker market faces disruptions from newcomers, and streaming giants adapt to the changing media landscape amidst regulatory challenges. Insights into betting trends and the evolving dynamics of autonomous vehicles round out the discussions.
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Retail Bellwethers
- Walmart is near all-time highs, while Target lags behind.
- Investors are watching these bellwethers for clues on consumer spending.
Walmart vs. Target
- Tim Seymour favors Walmart due to its reduced e-commerce losses and higher-margin revenue streams.
- He also likes Target due to its lower valuation multiple.
Walmart Valuation
- Walmart's stock trades at a high multiple compared to historical data.
- Consider taking profits or selling covered calls due to potential overvaluation.