Larry Cheng, Volition Capital Managing Partner joins the Yahoo Finance Live panel to discuss the latest retail news.
Wayfair (NYSE: W) investors are in for some intense stock price swings over the next week or so. Investors are expecting Wayfair's first sales decline since the start of the pandemic as the company begins to go up against the strongest growth period from the early phases of the global outbreak. The bigger questions surround the engagement level of the millions of new customers Wayfair added in the past year after COVID-19 sparked soaring demand for home furnishings.
Stocks dipped slightly last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) fell by less than 0.5% as hundreds of companies reported second-quarter earnings results. Electronic Arts' stock has trailed the market in 2021, but that narrative could shift starting with this Thursday's earnings announcement.