Although the market had a good day on Monday, the US dollar fell against the euro ahead of what many are expecting will be a weak report on US retail sales this morning. A weak report would highlight the obvious – a slow and sputtering economy.
We could get a positive report but many experts believe that consumer confidence continues to fade amid higher energy (mainly gas) prices. Having said that, here are a few companies that will be reporting earnings on Tuesday:
Applied Materials (AMAT, $19.87, up $0.58)
Canadian Solar (CSIQ, $34.10, up $1.56)
Electronic Arts (ERTS, $54.27, up $1.66)
Fossil (FOSL, $37.25, up $1.89)
Liz Claiborne (LIZ, $18.37, up $0.27)
Wal-Mart Stores (WMT, $58.02, up $0.84)
Whole Foods Market (WFMI, $33.75, up $0.97)
*quotes are from Monday’s close
As you can see, the list contains a few companies that will certainly be affected by consumer spending while others might thrive in this type of environment.