Walmart (WMT) – Analysts at Oppenheimer recommended being “positioned to take advantage of any weakness [in Walmart shares] on the [company’s upcoming earnings] print.” Walmart will report on Tuesday, February 21, 2023.
Dell Technologies (DELL) – The stock was up nearly 2% Monday morning amid news the company will cut about 5% of its workforce — around 6,600 jobs.
Williams-Sonoma (WSM) – A play on the luxury home goods space. Peer in the space RH (RH) lowered its 2023 guidance Friday afternoon. While RH shares were down about 5% on the news, Williams-Sonoma shares were down about a percent and a half.
Norwegian Cruise Line Holdings (NCLH) – A play on upcoming earnings in the cruise space. Royal Caribbean (RCL) will get the earnings ball kicked off for the cruise names this week on Tuesday. Norwegian is expected to report their quarterly results during the last full week of February. Analysts at Credit Suisse Monday morning noted they prefer Royal Caribbean and Carnival (CCL) over the long term but pointed out that Norwegian “has materially underperformed peers year to date, has implemented cost reduction actions, and it appears to us management has street/buyside expectations under control…”
Danaher (DHR) – A play on an M&A-related rumor. A Bloomberg report from over the weekend suggested Danaher could be interested in purchasing Catalent (CTLT). Catalent shares were up about 25% on the report.