Investing

Some retailers are buying back stocks – and that could be why their earnings are looking strong

0


Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City.

Spencer Platt | Getty Images

Retailers are reporting this week. 

Here’s the good news: The consumer is strong, and retail balance sheets have dramatically improved.

“I have been bullish for over a year,” David Berman, portfolio manager at Durban Capital, told me. “There is plenty of money for the consumer, jobs are plentiful, and demand is strong. Retailers are more healthy because store count is down, so there is a more rational environment.”

And what about supply chain issues? “Retailers have pricing power and are able to pass on the higher labor and raw material costs, so gross margins…



Source cnbc.com

0 0 votes
Article Rating

Target (TGT) Q3 2021 earnings beat

Previous article

Cramer scoffs at Target’s sharp decline, calls the stock a better buy than Walmart

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Investing