Good stocks to buy now? 3 retail stocks to watch

First, retail stocks refer to stocks of publicly traded companies that operate in the retail industry. This industry includes a wide range of businesses such as department stores, specialty retailers, and online marketplaces. The performance of retail stocks is highly influenced by consumer spending patterns. This is influenced by factors such as income level, unemployment rate and overall economic conditions.

Investing in retail stocks can provide investors with an investment in the consumer sector, a key driver of economic growth. However, the retail industry is highly competitive, with many companies vying for market share. As a result, it can be difficult to predict which companies will perform well over the long term.

In recent years, some retailers have struggled due to increased competition from online retailers, while others have adapted and thrived in this new environment. As with any investment, it is important to carefully research an individual company and consider its financial condition, growth prospects, and other important factors before making an investment decision. With that in mind, here are his three retail stocks for the stock market watchlist for February 2023.

Retail stocks to watch today

Target corporation (TGT shares)

first,

Target corporation

(TGT) is a leading American retailer offering a wide range of merchandise including clothing, electronics, home goods and groceries. In the US, he operates over 1,800 stores and has a strong online presence, making him a major player in the retail industry.

Just this month, Target announced that its board of directors declared a dividend of $1.08 per common share for the first quarter of 2023. Dividends will be paid on March 10, 2023 to shareholders of record as of February 15, 2023. This is the 222nd consecutive dividend since listing in October 1967.

Since the beginning of 2023, the target stock is up 12.94% year-to-date. Meanwhile, TGT shares fell 0.45% to $171.36 a share on Wednesday afternoon.

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Verizon Communications (VZ Inc.)

Next,

Verizon Communications

(VZ) is a telecommunications company that provides wireless and broadband services, as well as content and media. With a large customer base and a strong reputation for reliability, Verizon is one of the largest and most established players in the telecommunications industry.

Last week, Verizon reported earnings for the quarter ending December 2022. In detail, the company earned $1.19 per share on his $35.3 billion in earnings, just short of the consensus estimate of $1.20 per share on $35.4 billion in earnings. Nevertheless, sales increased by 3.5% over the previous year. Moving forward, Verizon Communications will release his 2023 earnings guidance, which expects earnings of $4.55 to $4.85 per share. That’s slightly lower than his current consensus estimate of $5.00 per share for the year ending December 31, 2023.

Year-to-date, Verzin shares are up 3.32% so far in 2023. Additionally, VZ shares fell 0.29% to trade at $41.45 a share during Wednesday afternoon’s trading action.

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Walmart (WMT stock)

at the end,

Walmart Co., Ltd.

(WMT) is the world’s largest retailer, operating over 11,000 stores in 27 countries. The company offers a variety of products, including groceries, clothing, electronics and household goods, and has a strong online presence through its website and delivery services.

Last month, Walmart said it reached settlement agreements with all 50 states and other U.S. territories to settle opioid-related lawsuits against the company, beyond the required 43 state minimum by December 15, 2022. Announced. Walmart has disputed this claim, and although the settlement does not include an admission of liability, it will provide assistance to communities affected by the opioid crisis. continue to defend themselves.

Over the last 6 months of trading activity, WMT shares are up 8.15%. Additionally, Walmart shares on Wednesday traded at a loss of 0.37% at $143.34 a share.

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