Tiktok bid jim, we will start with the retail numbers lowes is a good one to start with, its been called depots quarter on steroids today. Look, i think that Martin Ellison has taken a Company Making it anything but an also ran. 35 camp is terrific hes really got finally hes got the e com down Marvin Ellison is a turn around man par excellence and this is an amazing quarter we dont want target to overshadow it too much because i like the stock and i love the fact it wasnt up big early on its a buy yeah. In store traffic or in store comps, jim, up 11, which is different than what we saw out of others. I mean, i guess when you dont have as fierce a web challenge in Home Improvement and you have the stay at Home Rebuilding boom, thats going to add to a couple huge dynamics. Yes, it will. Remember, there was a period where lowes was not digitized enough also didnt really have very Strong Customer service. All of thats changed under marvin he is the last person to ever want to champion hims
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
Ive taken this quarantine times to update a couple of bathrooms. Not. Light bulbs i have always wanted to be handy. These numbers are expected to be insane i did change a couple of light bulbs. They are all different so finding the right one for all the Different Things my wife has, it is not easy. I have changed a couple of them but thats about it. Rising to the challenge, im sure before we get those numbers from home depot, lets start with the overall markets. The s p 500 finished the session just shy of the high just shy, we are talking 4. 15 points away from the record it is sitting at at this point. 3,386. 15 is where it closed. The record from february is 3,393. 52 the record close of 2020 up another 1 to 11,129. Looking at record futures. Two dow components reporting home depot and walmart big numbers expected from both of those dow futures up by 64, nasdaq up by 40 and s p up by 7. Dow component reported 4. 02 a share. Consensus was 3. 71. I noted revenue gain was over 23 . Com
those shares have been so volatile in the last several weeks. european equities, meantime, on news of this greek arrangement there, you do have red arrows mostly across the board, and perhaps not surprisingly, greece is the one that s getting the lift by 2.25%. u.s. equity futures at this hour? well, after yesterday s big day breaking that seven-day losing streak, the dow would open lower by nearly 125 points. here are the big stories we re watching today. greece and its lenders agreeing on bailout terms. a greek finance ministry official tells cnbc there are still some minor details, but they won t affect the completion of the deal. the european commission expected to comment on the deal at its midday briefing. on today s economic agenda, a few data points of of note for this data-driven fed. at 8:30 eastern, a first read on second-quarter productivity and costs, and then at 10:00, wholesale trade. as for earnings central, the consumer front and center this week. among the
alphabet. we ll explain. a surprised evaluation of china s wand sending it to new multiyear lows against the dollar. and shake shack, the company beat estimates and boosted guidance. first google creating a new holding company called alphabet which will become the parent of google. the google unit will include youtube, android and ad sense while nest, and google ventures will be the other ventures within alphabet. alphabet will replace google as a publicly traded entity. ticker symbols will remain goog l&g oog. the washington post is calling this almost unprecedented, a general electric for the digital age. people at home are going to be confused. it does matter. the price to earnings multiple has been controlled by a mishmash of company. if you could see the profitability broken out, you might want to pay up for google. that s what people are doing. i ve heard a lot of analogies to these holding companies. i d like to analogize to am don. when they broke out web serv