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The Latest Breaking News from Robert Ohmes

Dollar Tree Warns Of Slower Growth, Flat Traffic Ahead Of Holidays

Consumers are navigating a landscape of shifting retail dynamics as discount giants face mounting pressure to deliver consistent growth. At its Investor Day, Dollar Tree Inc. (NASDAQ:DLTR) indicated that comparable sales were tracking at 3.8% quarter-to-date, while traffic remained approximately flat, according to BofA Securities.

Benzinga

Walmart's AI Push and Strong Sales Trends Signal Confidence In Long-Term Growth: Analyst

Walmart (NYSE:WMT) showcased stronger sales trends, growing customer demand, and early leadership in artificial intelligence during investor meetings in Bentonville.

Benzinga

Target's Q2 Struggles Highlight Amazon, Walmart Competition

Target Corp (NYSE:TGT) shares tanked in early trading on Wednesday, after the company on Tuesday reported its second-quarter results.

Benzinga

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Target Q2 Preview: Can Digital Growth, Store Visits Recovery Overshadow Tariffs, Competition?

Retailer Target Corporation (NYSE:TGT) could show a recovery in store visits during the second quarter when the company reports quarterly financial results on Wednesday before market open.

Benzinga

Stocks Struggle Ahead of Busy Fed Week: Stock Market Today

The minutes from the July Fed meeting will be released Wednesday, while Chair Powell will deliver a key speech at Jackson Hole on Friday.

Kiplinger

Home Depot Q2 Earnings Preview: Analyst Says Retailer 'Well Positioned In A Choppy Macro' Environment

As Home Depot Inc (NYSE:HD) reports second-quarter earnings Tuesday before the market opens, investors will get a glimpse of housing demand and key trends to track.

Benzinga

Keep Your EYE on This Stock, It Just Got a Rare Double Upgrade

National Vision is up more than 40% after strong earnings and a rare double upgrade. A breakout is underway with even more upside likely in the near-term.

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Stock Market Today: Stocks Fall After Hawkish Fed Minutes

Retail earnings were also in focus Wednesday with Target and TJX moving in opposite directions after their quarterly results.

Kiplinger

Target Stock Sinks on Q1 Earnings Miss: What To Know

Target stock slumped after the retailer's earnings and revenue were hit by a tough consumer spending environment. Here's what you need to know.

Kiplinger

Why Walmart Analysts Are Bullish About The Future Of The Company After Q3 Earnings

Walmart Inc reported better-than-expected third-quarter results Tuesday and raised its outlook for the future

Zenger

Target: 5 Analysts Cut Price Target After The Retailer Lowers Guidance

Target Corporation (NYSE: TGT) announced several initiatives on Tuesday to right-size its inventory, including order cancellations and slashing prices.

Benzinga

7 Best Dow Jones Stocks To Buy

During periods of stock market volatility and economic uncertainty, it's reasonable for investors to want to take a more defensive approach with their portfolios.

Benzinga

Walmart Maintains Momentum With 'Buy' Rating From BofA

Walmart Inc. (NYSE: WMT) has strong sales momentum and its focus on managing costs could boost results in fiscal 2023, according to BofA Securities. The Walmart Analyst: Robert Ohmes maintained a Buy rating for Walmart, while keeping the price target unchanged at $160.

Benzinga

5 Walmart Analysts React To Mixed Q1 Earnings: 'Particularly Attractive Buying Opportunity'

Walmart Inc (NYSE: WMT) shares were in the clearance aisle Wednesday after the company reported rising costs related to supply chain problems and inflation in the first quarter.

Benzinga

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Benzinga

Why BofA Double Downgrades Sprouts Farmers Market To Underperform

Sprouts Farmers Market Inc (NASDAQ: SFM) expects double-digit percentage cost inflation and price hikes to continue through 2022, according to BofA Securities.

Benzinga

BofA Turns Bullish On Sprouts Farmers Market - Read Why

BofA analyst Robert Ohmes has double upgraded Sprouts Farmers Market Inc (NASDAQ:SFM) to Buy from Underperform. Ohmes also raised the price target to $40 from $21 (33% upside). The analyst expects the compounding effect of food inflation to back Sprouts Farmers Market's price acceleration, resulting in substantial potential for EPS upside. Ohmes views SFM's current…

Benzinga

5 Best Consumer Staples Stocks To Buy: Walmart, Coca-Cola And More

There is plenty of uncertainty and unpredictability in the stock market these days. Investors looking to play defense against rising interest rates, elevated inflation and geopolitical uncertainty can always turn to the consumer staples sector for some solid recession-resistant investments.

Benzinga

BofA Turns Bullish On Kroger - Read Why

BofA analysts Robert Ohmes and Kendall Toscano upgraded Kroger Co (NYSE:KR) to Buy from Neutral with a price target of $75, up from $61, implying a 22% upside. The analysts noted that elevated food inflation should continue for at least the next six months. The analysts added that the price increases are passed on to…

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Benzinga

Why 2022 Is Off To A Good Start For Harley Davidson

Harley-Davidson Inc (NYSE: HOG) is likely to have a good year in 2022, with rising fuel prices supporting higher demand for motorcycles, which continues to exceed supply, according to BofA Securities.

Benzinga

10 Reasons To Buy Target's Stock

Target Corporation (NYSE: TGT) shares gained more than 10% on Tuesday after the company reported 9% sales growth in its fiscal fourth quarter and said it will continue to grow sales once the COVID-19 pandemic is over.

Benzinga

Analyst Upgrades Kroger On Market Share Gains, Sees Inflation As A Headwind In 2022

Kroger Co (NYSE: KR) shares have been strong performers in the past year, and one analyst said Wednesday the stock is set up well for another solid year in 2022, though there are some headwinds it will face.

Benzinga

BofA Downgrades This Grocery Store Operator

BofA analyst Robert Ohmes downgraded Grocery Outlet Holding Corp (NASDAQ:GO) to Underperform from Neutral with a price target of $23, down from $26. The analyst expects the company to have challenges on sales and margins in 2022. Ohmes added that the valuation of Grocery Outlet is extended based on its return on invested capital relative…

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