More Q1 Earnings to Come; Chip Makers Face Huawei Headwinds -- ICYMI

Credit: The Street
Published on May 20, 2019 - Duration: 02:19s

More Q1 Earnings to Come; Chip Makers Face Huawei Headwinds -- ICYMI

First-quarter earnings are still rolling in.

Don't take your eye off the ball yet.

With TJX , Ross Stores , Kohl's , and Burlington soon to report first-quarter earnings, there could be plenty of opportunity to shop for good stock picks in what is still a hot U.S. stock market so far this year (S&P 500 up 13%).

Retailers "I think everybody knows that the deck has been stacked against these brand apparel companies, and that's why the valuations have been pretty attractive," Senior Brand Apparel Analyst at D.A.

Davidson & Co.

Told TheStreet in an interview Monday.

TJX reports earnings Tuesday.

Ross Stores reports Wednesday.

Kohl's reports Tuesday.

Burlington reports May 30.

Morris said the group has seen several headwinds, including unusually harsh weather this year, pushing those stocks down.

Now, the median forward price-to-earnings ratio of that select group is 18.5, slightly low.

So, are these stocks ripe for buying?

"I think absolutely," Morris said.

See the full interview here.

Huawei & Chip Makers Elsewhere, President Trump is making it difficult for Huawei to do business with many American companies.

U.S. chip makers, many of which supply chips for Huawei's telecommunications equipment, fell Monday.

The iShares S&P semiconductor ETF fell 3.99%, while Qualcomm , TheStreet's premium sister publication RealMoney's stock of the day, fell 5.99% to $76.62 a share.

Related.

Chart of the Day: Sizing Up the Huawei Hit to Semiconductor Stocks Qualcomm and Kohl's are holdings in Jim Cramer's Action Alerts PLUS member club.

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