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🚀 Walmart, Home Depot, Cisco Systems: promising stocks for the next three weeks
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📊 Most of the mega-cap companies have already published their earnings reports, leaving only large retailers with their forecasts for the second half of the year. We offer stocks that, in the face of inflationary pressures and prolonged disruptions in the supply chain, may be of interest to ordinary traders.
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Walmart (NYSE: WMT)
America's largest retailer reported first-quarter earnings with a consensus EPS of $1.47 on $140 billion in revenue. Rising inflation is always positive for Walmart, as Walmart's highly loyal pricing attracts customers of all income levels.
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Recall: Walmart showed a profit for the 4th quarter of 2021 better than expected and now feels confident: WMT shares have already grown by more than 2% this year. So the sales growth of more than 3% (excluding fuel) announced in February until the end of the financial year is quite real. We are looking for the nearest targets for growth in the range of 160-165.
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Home Depot (NYSE: HD)
Home improvement giant experienced several unpleasant moments during the reporting quarter (decreasing sales with rising costs, falling gross profits). However, it showed earnings of more than $4 per share.
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Сompany said in February that it expects «slightly positive» but still solid sales growth this year. Dynamics of profit are unlikely to update the highs of last year (+30%), but it is quite possible to make money on medium-term deals with Home Depot shares. We are looking for current targets in zone 340-350.
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Cisco Systems (NASDAQ: CSCO)
The San Jose-based networking giant is successfully growing into a provider of networking services and software delivered over the Internet. Now Cisco is actively exploiting the high demand for its equipment − the company is inundated with orders that it cannot fulfil due to a lack of components. If Cisco Systems overcomes logistical problems, then a steady increase in its shares is guaranteed. Attention range: zone 60-62.
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Profits to y’all!