Yahoo Finance previews the top stories investors should be paying attention to next week, including earnings out from companies like Target (TGT), CrowdStrike (CRWD), and Broadcom (AVGO), February's jobs report coming out on Friday, March, 8, and Federal Reserve Chair Jerome Powell's testimony before Congress. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Mass-merchandise retailer Target is expected to post a drop in holiday quarter same-store sales, its third consecutive quarterly drop, when it reports results on Tuesday. The Minneapolis-based firm is expected to report a 4.6% drop in comparable sales for the holiday quarter and a 3.6% decline for the year, according to LSEG estimates. Facing competition from PDD Group's cross-border e-commerce site Temu, and Shein, a China-based direct-to-consumer retailer that has been gaining market share in the U.S., Target is taking steps to reach bargain-minded shoppers.
The TJX Companies' (TJX) fourth-quarter fiscal 2024 results reflect increased sales and earnings on growth across all segments.