Two Mega-Retailers Battle Before Black Friday

Folks, we're just a week away from Black Friday... And two of America's biggest mega-retailers are once again about to battle it out. [Chaikin PowerFeed]( Two Mega-Retailers Battle Before Black Friday By Vic Lederman, editorial director, Chaikin Analytics Folks, we're just a week away from Black Friday... And two of America's biggest mega-retailers are once again about to battle it out. I'm talking about Walmart (WMT) and Target (TGT), of course. Together, these two companies accounted for more than $607 billion in consumer spending last year. But if you've looked at their stocks lately, you might've noticed they're on different paths. And to make matters more interesting, both companies just reported earnings this week. Target surged nearly 18% following its earnings announcement on Wednesday. On the other hand, Walmart fell roughly 8% after it announced its latest results yesterday. Based on those numbers, you might believe Target's stock is the better choice right now. However, as I'll show you today, Walmart is doing much better over the longer term. So that leaves us with a couple of questions... Which mega-retailer will win the next battle? And is either stock worth our investing dollars? Let's use the Power Gauge to take a closer look... Recommended Links: [They Ridiculed His Crash Predictions. Here's His Newest Call.]( He was ridiculed for predicting a crash in 2020... ignored when he predicted a crash in 2022... and ignored again when he called for a rally in 2023 (nailing the market bottom within 24 hours.) Now, he's back with an urgent new warning for February 14, 2024. If you have serious assets in the market, [he's offering you free access to a briefing with another market legend](. ['I Found the Answer to Retirement']( A subscriber from New York came forward with his unique story of how he retired early and worry-free WITHOUT stocks... thanks to ONE single idea that anyone can use. Now he sees 16%-plus annual returns with legal protections... and he NEVER has to worry about another market crash again. [Get the full story right here](. Now, it's true that Target soared higher after its latest earnings report. But the Power Gauge still believes it's a precarious pick right now. And it's easy to see why on the chart... [Chaikin PowerFeed] The company is still down more than 50% from its November 2021 high. Even worse, it has underperformed the S&P 500 Index for most of that period. And not surprisingly, the Power Gauge has flashed "neutral" and "bearish" warnings along the way. Next, look at Walmart's chart... [Chaikin PowerFeed] Like the above chart for Target, this one also covers the past five years. And it should be immediately clear that something has been very different with Walmart in that span... Walmart is in a long-term uptrend. It's currently outperforming the S&P 500. And unlike Target, the Power Gauge is "bullish" on the company today. Looking under the hood, I see that Walmart earns "bullish" or better grades for the Technicals and Experts categories. And it's "bearish" in terms of Financials and Earnings. So with the Power Gauge's help, we know that Walmart's price action is technical in nature right now. That's not necessarily bad. But it means we should be careful. For Target, the Power Gauge gives "neutral" or worse grades in every category except Earnings. The company gets a "very bullish" rating in that category right now. That tells us the possibility for a legitimate turnaround does exist. But with a "neutral" overall grade, the Power Gauge also tells us that Target's setup isn't quite right yet. Because of that, I'll keep watching Target closely in the days and weeks ahead. I'll focus specifically on the grade for Experts. That category includes the factors for earnings estimate trend and analyst rating trend. An uptick in those two factors could combine with its latest earnings-related bounce to signal a real uptrend. I'll use the Power Gauge to watch for that type of move. But for now, the Power Gauge makes the story on these two retail titans clear... Walmart is in a defined, long-term uptrend. And while Target surged higher after its earnings report this week, that doesn't lock in the turnaround investors hope for yet. Good investing, Vic Lederman Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 -0.07% 11 12 7 S&P 500 +0.12% 139 259 99 Nasdaq +0.09% 40 48 11 Small Caps -1.56% 531 944 450 Bonds +1.24% — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks have turned somewhat Bullish. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Real Estate +5.88% Materials +4.76% Information Technology +4.70% Discretionary +4.58% Communication +3.98% Financial +3.85% Industrials +3.81% Utilities +3.53% Health Care +2.38% Staples +1.61% Energy +0.56% * * * * Industry Focus Homebuilders Services 20 11 3 Over the past 6 months, the Homebuilders subsector (XHB) has outperformed the S&P 500 by +5.38%. Its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #8 of 21 subsectors. Top Stocks [rating] DFH Dream Finders Homes, [rating] DHI D.R. Horton, Inc. [rating] LEN Lennar Corporation * * * * Top Movers Gainers [rating] INTC +6.75% [rating] ISRG +3.66% [rating] GEN +3.24% [rating] SYK +2.79% [rating] DXCM +2.60% Losers [rating] CSCO -9.84% [rating] WMT -8.09% [rating] BBWI -6.81% [rating] KMX -5.56% [rating] PANW -5.42% * * * * Earnings Report Reporting Today Rating Before Open After Close PGR INTU JCI KEYS No earnings reporting today. Earnings Surprises [rating] ROST Ross Stores, Inc. Q3 $1.33 Beat by $0.11 [rating] AMAT Applied Materials, Inc. Q4 $2.12 Beat by $0.13 [rating] CPRT Copart, Inc. Q1 $0.34 Beat by $0.02 [rating] WMT Walmart Inc. Q3 $1.53 Beat by $0.01 [rating] M Macy's, Inc. Q3 $0.21 Beat by $0.20 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. 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