Cautious Outlook: Home Depot, Walmart
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 22 February 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
Our links:
Wall Street Breakfast: seekingalpha.com/wsb
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium: https://seekingalpha.com/premium/getting-started
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks: https://seekingalpha.com/alpha-picks/subscribe
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Twitter: https://twitter.com/WallStBreakfast
Show links:
News Corp. says no more talks about selling Move unit to CoStar Group
One Medical jumps on report FTC won't challenge Amazon purchase
U.S. to trim mortgage insurance costs in bid to boost affordability - report
Tyson Foods acquires Williams Sausage Company for undisclosed amount
Top 10 Stocks For 2023
Investing Experts Podcast: Top 10 Stocks For 2023 With Head Of Quant Steven Cress
Sigma Lithium Corporation: https://seekingalpha.com/symbol/SGML
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Wednesday, February 22nd, and I'm your host Julie Morgan. |
| 0:12.0 | A pair of retail earnings reports since |
| 0:14.8 | stocks lower Tuesday. Both Walmart and Home Depot say consumers are proceeding with |
| 0:20.5 | caution. Amazon is seeing pushback from workers about its recent return to office mandate. |
| 0:26.8 | Workers are saying no thank you to a three day in the office requirement. |
| 0:31.6 | Today is stock of the week Wednesday and today we're focusing on |
| 0:35.1 | another of seeking Alpha's top 10 stocks of 2023. Jackson Biannual |
| 0:40.3 | Tickersable JXN. Seeking Alpha's head of quantitative strategies breaks down why this |
| 0:46.7 | stock is on the list and one reason is a perfect report card. Our top story. Unsettling forecasts from a pair of high profile retailers combined with lingering concerns |
| 0:58.6 | about the Federal Reserve sent stocks sharply lower on Tuesday. |
| 1:02.7 | As Wall Street got back to work after a three day holiday weekend, |
| 1:06.3 | the Dow shed almost 700 points, |
| 1:08.6 | and the S&P 500 finished below the 4,000 mark. |
| 1:12.0 | The NASDAQ finished down 2.5 percent. The S&P 500 ended |
| 1:16.3 | down 2 percent and the Dow closed down 2.1 percent. All 11 S&P sectors finished in the red. |
| 1:23.0 | This was led by a 3.3% fall in consumer discretionary. |
| 1:27.0 | Communication services, financials, industrials, as well as tech, |
| 1:31.0 | all dropped more than 2% as well. Home Depot eventually ended 7% lower after it missed on its Q4 revenue figure and delivered a cautious prediction. |
| 1:42.0 | The Atlanta-based specialty retailer reported $35.8 billion in sales for the fourth quarter, |
| 1:48.3 | slightly below the $36 billion consensus estimate. |
| 1:52.7 | Additionally, a 0.3% decline in comparable sales year over year was noted as the first decline |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.