Retail Earnings in Focus This Week; Target Slashes Prices

The first-quarter earnings season is winding down. We’ve received results from more than 90% of S&P 500 companies, with year-over-year earnings growth representing the best pace we’ve seen in nearly two years. This week, we still have hundreds of companies reporting results including 15 S&P 500 members.A host of retailers are set to report in the coming days. Last week’s beat-and-raise report from Walmart (which saw earnings and revenues climb 22% and 6% from the year-ago period, respectively) represented t ...