3 Stocks to Watch This Week
Once again, we have a week of earnings reports filled with retail names. And it's a week in which we see the earnings damage that the pandemic had on brick-and-mortar. Three big names to watch this week are Best Buy (NYSE: BBY), Dick's Sporting Goods (NYSE: DKS), and Dollar General (NYSE: DG).
Best Buy shifted to online ordering and curbside delivery in the past few months as a way to alleviate the sudden shocks from the COVID-19 pandemic. The results were evident in its first-quarter earnings report, with domestic online sales increasing a whopping 155.4%. This follows the trend we've seen in other names like Walmart (NYSE: WMT) and, of course, Amazon (NASDAQ: AMZN), where shoppers have resorted to ordering online in the time of social distancing and store closures.
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Source Fool.com
