Search a ticker

Categories
Consumer Stocks Featured Investing Stock Market Today Stocks to Watch

2 Retail Stocks To Watch Today

Here are some retail stocks to watch in the stock market today.

retail stocks to watch today

The retail sector is a dynamic component of the economy. It encompasses businesses selling goods and services directly to consumers. This sector includes a wide range of outlets, from brick-and-mortar stores to online platforms. Retail stocks represent these companies in the financial market. They are popular among investors seeking diversity and growth.

Investing in retail stocks offers the potential for significant returns. This is especially true for companies that adapt to changing consumer behaviors. However, the sector is also subject to challenges. These include economic downturns and shifts towards online shopping. Such factors can impact the performance of retail stocks.

Additionally, the retail sector is highly competitive. This can affect profit margins and stock performance. Yet, for informed investors, retail stocks can provide valuable opportunities. It is crucial to understand market trends and consumer preferences. Keeping this on top of mind, let’s look at two retail stocks to check out in the stock market now.

Retail Stocks To Buy [Or Avoid] Now

The Home Depot (HD Stock)

To start, The Home Depot Inc. (HD) stands as the largest home improvement retailer in the United States, offering a wide range of products and services for construction, renovation, and decorating projects. Furthermore, the company operates across numerous locations in the U.S., Canada, and Mexico.

Earlier this month, Home Depot announced when it will report its fourth quarter 2023 financial results. Specifically, the retail giant is set to report its Q4 2023 financial results on Tuesday, February 20, prior to the U.S. stock market opening. Last quarter, Home Depot reported earnings notching in an EPS of $3.81 with revenue of $37.71 billion.

Since the start of 2024, shares of Home Depot stock have surged by 6.49% year-to-date. Meanwhile, during Monday morning’s trading action, HD stock is trading higher by 1.21% at $367.56 a share.

[Read More] 2 Oil Stocks To Watch In February 2024

Crocs (CROX Stock)

Following that, Crocs Inc. (CROX) has carved a unique niche in the footwear industry with its distinctive range of casual shoes for men, women, and children. Best known for its lightweight, comfortable, and often brightly colored designs, Crocs has expanded its product line beyond its iconic clogs to include sandals, boots, and slip-on shoes.

At the beginning of the month, Crocs announced when it will report its fourth quarter 2023 earnings results. The company reported that will announce its Q4 2023 financial results, this week, Thursday, February 15, 2024, before the stock market opens. To briefly recap, last quarter Crocs reported a beat, notching in earnings of $3.25 per share, with revenue of $1.05 billion.

Year-to-date, shares of CROX stock have jumped by 18.68% so far. While, during Monday’s mid-morning trading action, Crocs stock is trading up another 3.54% at $111.35 a share.

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments