本周财报前瞻：塔吉特、沃尔玛、迪尔、雅诗兰黛

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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

Let's take a look now at some [music] stocks making news in the week ahead. I'm Nathan Hager joined by Bloomberg equities reporter Avalon Pernell. We're sort of winding down earnings season here Avalon, but we're going to hear from some of the biggest names in big box retail this week. Starting with Target on Wednesday. There has been a lot of drama around this stock. What are we expecting this week?

Absolutely. We're definitely going to get a lot of visibility on the state of the American shopper. Sales trends and progress on Target's broader recovery will definitely be top of mind for investors, especially as they head into their second quarter earnings next Wednesday. The company is still really trying to regain its sparkle and pinpoint what exactly made the company tar as opposed to just target. [laughter] One thing of note though is that definitely analysts remain mixed on the company's performance moving forward, especially given guidance they had in their earnings call last quarter, noting that they did have a little bit of concerns about tougher comparisons moving forward.

You have UBS's Michael Lasser remaining quite bullish, expecting the results to provide the next proof point that broader recovery may actually be sticking around for the company. Whereas Barlay's Seph Sigman saying that, you know, meaningful upside to results will really be needed to push the stock from here. He notes also that he believes the big box store likely had a solid quarter. However, he still views improvement as just recovering from last year's issues as opposed to moving forward into the next chapter.

So worth noting that the options data that we're currently seeing at the moment is implying about a 6.2% move after those results.

Well, you wonder if we're going to see something of a similar move from Walmart when they report on Thursday. If you think about some kind of indicator of the American consumer, it's hard to think of a company that's more of one than Walmart.

Absolutely. And a similar story that we were seeing in Target definitely still playing a role here for Walmart as well. Analysts still quite mixed on how exactly this big box store's e-commerce and also delivery businesses will perform as they report second quarter earnings. Key Bank is expecting pretty healthy results from the store, noting that the company remains one of their top picks as growth initiatives and also further share gains continue to build momentum despite a fairly volatile macro and geopolitical environment.

They also expect Walmart to be fairly vocal about how exactly they're using those tariff refunds to fund roll backs and ultimately drive future business gains by bringing people back into the store with slightly lower prices. Others are not necessarily as rosy about the company's outlook. Barlay's noting that the optics don't look too great given expectations for sales moderation from the last quarter. Barclays though still saying that they believe this could be the trough as price investments and other initiatives support accelerating share gains in the second half of the year.

Worth noting like retailers are still expecting you know back to school sales and Black Friday which obviously won't be pencled in for the start of the year

right but uh definitely something to keep an eye on uh as we wait to see what the outlook is going to be from both Target and Walmart. Also on Thursday, uh we're going to hear from one of the biggest names in the A sector. What are we expecting from Deer and Company?

Yes, investors will be looking for more data that reinforces Deer's view that 2026 will be the trough, the bottom of [clears throat] this quite complicated situation for the company. The world's biggest farm machinery makers second quarter results are expected to be slightly mixed again this quarter. Bloomberg intelligence expecting the results to still reinforce that expectation that 2026 will mark a trough in large a demand as attention shifts towards how fast will that recovery be next year.

However, that analyst is also noting that they're still expecting large agriculture retail sales to remain quite soft, though they do appear to be tracking better than industry forecasts as inventories continue to normalize. RBC also highlighting that their big question is continuing to be what exactly does the pace of deer's recovery look like especially as there continues to be a lot of volatility in the macro environment and also the tariff situation that is somewhat improved but still kind of in the balance obviously kind of interesting especially with the Iran war in the background as to how exactly that's going to be impacting farmers who are continuing to struggle to manage prices not necessarily keeping in pace with very elevated cost in the options market also continuing to price a potential move of nearly 5% after the company reports earnings.

Yeah, still a lot of back and forth when it comes to that situation in the Middle East and uh the uh post tariff situation as well. Uh just time to talk about another stock that's reporting this week, Estee Lauder. There is a lot more competition in the beauty space. How are we thinking Estee Lauder is going to be handling it?

There sure is. And I mean to say the least this company has had a roller coaster ride of a quarter. I mean just a couple of months ago they were talking about merger talks with the Spanish brand Pooch which was on the table and then later scrapped after investors were quite negative on that idea. And like a lot of other companies that we've already mentioned, they are in the midst of a broader recovery as consumers are continuing to kind of pull back from spending on these various like luxury brands that are under the Esteee Lauder umbrella.

That being said, RBC does continue to favor their turnaround, say noticing that potentially important brands continue to outperform and they also noted that the broader turnaround at MAC continues to kind of bode well for the company. Though they do still question how Esteee Lauder will continue to fare with holding on to Smashbox and Too Faced, which are fairly popular brands amongst uh maybe millennial crowds, and whether it still makes sense for Estee Lauder to hold on to them or maybe look for a play to sell them at some point.

The Stock [music] Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen [music] to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business App.