Week Ahead: Walmart, Home Depot, Deere | Stock Movers

Why It Matters

Earnings from Walmart, Home Depot and John Deere will reveal how consumer confidence, mortgage rates and agricultural inventory pressures are influencing spending across retail, home‑improvement and farming sectors, guiding portfolio positioning.

Key Takeaways

• Walmart earnings due May 21; focus on market‑share gains.
• Walmart expected revenue $748 B, EPS $2.93, e‑commerce margins under review.
• Home Depot reports May 19; consumer confidence and mortgage rates key themes.
• Home Depot projected revenue $178 B, EPS $16.31, tariff management highlighted.
• John Deere earnings May 21; used‑tractor inventory risk and construction demand.

Summary

The Bloomberg Stock Movers roundup previewed three heavyweight earnings reports slated for the week of May 19‑21: Walmart (WMT), Home Depot (HD) and John Deere (DE). Each company’s filing is positioned as a bellwether for distinct segments of the U.S. economy – mass‑market retail, home‑improvement spending and agricultural equipment.

Analysts expect Walmart to post $748 billion in revenue and $2.93 earnings per share, with particular scrutiny on market‑share gains and whether e‑commerce margins have improved, per Bloomberg Intelligence’s Jennifer Bartos. Home Depot’s guidance points to $178 billion in revenue and $16.31 EPS, while investors will watch consumer confidence, mortgage‑rate pressures and the firm’s ability to navigate lingering tariffs. John Deere is projected to deliver $47 billion in total revenue and $4.8 billion net income, but a surplus of used tractors could suppress new‑equipment demand, a risk highlighted alongside strong construction‑sector momentum.

The discussion referenced a “K‑shaped” recovery, noting that lower‑income consumers drive Walmart’s performance while higher‑income segments fuel niche markets like private‑jet travel. Home Depot’s commentary on tariff management and John Deere’s “farmageddon” scenario underscore how macro‑policy and seasonal agricultural cycles remain material to earnings.

Collectively, these reports will shape market sentiment on consumer spending resilience, the health of the housing‑renovation market, and the outlook for farm equipment demand, offering investors a snapshot of broader economic trends as the post‑pandemic recovery evolves.

Original Description

Earnings are in focus with Walmart, Home Depot, and Deere reporting in the coming days.

Bloomberg's John Tucker previews the numbers with Isabelle Lee, Bloomberg Cross Asset Reporter.

See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

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Week Ahead: Walmart, Home Depot, Deere