HomeMarketsU.S. Economy & JobsLEN, WSM, DG Earnings Reaction & RL Upgrade
LEN, WSM, DG Earnings Reaction & RL Upgrade

The markets opened lower following yesterday’s rally. Shawn Cruz weighs in on the GDP growth and whether there will be a resolution to energy supply amid geopolitical tensions. Next, in terms of specific stocks, Lennar (LEN) earnings report that indicated $2.70 in EPS and $6.2B in revenue, beating estimates. Also, Williams-Sonoma (WSM) earnings data was mixed with $5.42 in EPS and $2.5B in revenue. However, the company reiterated its long-term outlook. Dollar General (DG) stock price is up following fourth quarter earnings. Finally, Cruz weighs in on Ralph Lauren (RL) being upgraded to overweight from neutral at JPMorgan. The analyst stated that the macro-driven share pullback provides opportunity to own a multi-year mid-teens margin profile.

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