Core Viewpoint - The Home Depot, Inc. (NYSE:HD) is recognized as one of the best consumer cyclical stocks, operating over 2,300 stores across the US, Canada, and Mexico [1] Analyst Recommendations - As of November 28th, 19 out of 37 analysts rated The Home Depot as a Buy, with 14 Hold and 4 Strong Buy recommendations [2] - The average share price target for The Home Depot is set at $403.36 [2] Recent Analyst Coverage - Citigroup maintained a Buy rating for The Home Depot but lowered the share price target from $422 to $407 following the latest earnings report [3] - The company reported $41.35 billion in revenue for the fiscal third quarter, exceeding analyst estimates of $41.10 billion, but adjusted earnings per share of $3.74 fell short of the $3.84 estimate [3] Management Insights - Management cited lower consumer spending, weaker demand for home improvement products, and fewer storms as reasons for the profit cut [4] - CEO Edward Decker highlighted that home price appreciation, household formation, and housing turnover are currently under pressure, impacting demand [4] - There is an estimated $50 billion cumulative under spend in normal repair and remodel activity in U.S. housing, indicating a potential for future growth despite current pressures [5]

To get more for their money, some stretched consumers are switching where they shop. Retailers that cater to the thrifty have enjoyed a bump in sales https://t.co/c9kPWjLeEm ...

Core Insights - The total student loan debt in the United States is approximately $1.8 trillion, which is a small fraction of the wealth held by the top 1% of Americans [1][4] - The wealth of the top 1% reached a record $52 trillion in Q2 2025, representing a $4 trillion increase from the previous year, sufficient to eliminate all student debt and still leave over $2 trillion [2] Economic Impact of Debt Cancellation - Immediate boost in consumer spending: Paying off student debt would provide borrowers with additional disposable income, potentially increasing GDP by 0.3% to 1% annually [6] - Reduction in wealth inequality: The top 1% might see a 3% to 4% decrease in their total wealth, while the bottom 90% would experience relief from debt but not significant wealth transfers [6] - Potential inflationary pressures: A sudden increase in spending power could lead to short-term inflation, particularly in housing and services, depending on the pace of debt cancellation [6] - Effects on credit markets: Banks and loan servicers would face a loss of future interest payments, which could tighten credit markets slightly [6]

Sales on Black Friday rose from a year earlier, according to a key data provider — a sign that US consumers are continuing to spend despite persistent economic concerns. https://t.co/MPM81zzGVS ...

People literally racing into Black Friday with gift cards at the door at Bass Pro Shops. >> Thank you. >> And goodie bags for the first shoppers at Target.From California to New Jersey, Americans across the country still showing up to stores in the mall in droves this Black Friday in search of deals. >> I feel like the percentages are getting lower and lower and lower. Like it used to be like 50% off and now it's like only like 30%.>> The discount dash happening as tariffs threaten higher prices. Mastercard ...

Core Insights - Dick's Sporting Goods has seen an 11% decline from its highs, but the core business remains strong with same-store sales at 5.7%, compared to 6.4% last year, indicating resilience despite tough comparisons [1][2] - The acquisition of Foot Locker has been problematic, leading to a charge, but the company is taking steps to right-size and improve inventory management [2][3] - There is optimism for future same-store sales growth as the core business strengthens and the Foot Locker franchise is turned around, although this may take time [3] Consumer Spending Trends - Retail sales grew by 5.7% last month, reflecting strong consumer spending, which is expected to continue into the holiday season [4] - Credit card spending data is accelerating, suggesting that consumers are willing to spend more [4] Valuation and Market Position - Dick's Sporting Goods is trading at 11 times forward earnings estimates, which is considered attractive given the upward trajectory of earnings [5] - The Gap is also performing well in terms of comparable sales, with Old Navy and Banana Republic contributing significantly to revenue, despite challenges in the athleisure segment [6]

Gasoline Market - Sunoco's gasoline sales are flat overall for the economy, but the company is having a great year with approximately 16 billion gallons in sales, up 7% [2] - Diesel sales are up about 3% to 4%, indicating commerce growth within the United States [3] - Gasoline prices are down about 25% nationally (excluding California), around $3 per gallon, but driving is flat [4] - Electric vehicles (EVs) are eating into gasoline sales by about 1% per year, and car efficiency is reducing sales by about 0.5% per year, totaling a 1.5% reduction annually [5][6] Luxury Retail - Luxury retail centers are up double digits, over 12% this year, with Holland Park Village in Dallas up about 14% in luxury sales, indicating strong high-end consumer spending [7] - Mid-range tenants are up single digits, around 5% or 6% [9] - Creating an experience is crucial for attracting luxury shoppers to physical stores [8] Casual Dining - Commodity pressures have flattened this year, except for beef due to increased competition from India and China [10] - Delivery services have grown from 2% to 3% of sales to 15% to 20% [12] - Consumers, particularly those under 35, are willing to pay delivery fees [12] Consumer Sentiment and Economic Outlook - Consumers' credit cards are maxed out [13] - Labor costs are currently very flat [14] - Anticipating flat sales in 2026 for both Sunoco and shopping centers [15] - The current regulatory and tax environment under the Trump administration and Congress is positive for businesses [17]

The luxury industry is expected to regain its sparkle in the coming year. As shoppers start splashing out, which brands will do best? https://t.co/AotBy7Gnzr ...

WEAK MONTH. >> IT'S GOING THE OTHER WAY NOW. THERE'S SE TRADERS THAT WERE LIKE THEY WERE HAVING WITHDRAWAL SYMPTOMS, BEING UNABLE TO TRADE FOR ALL MORNING.>> WELL HERE YOU GO FOLKS. >> OKAY. OUR NEXT OUR NEXT GUEST WILL GIVE US HIS INSIGHTS ON HOLIDAY RETAIL AND THE STATE OF THE CONSUMER.JOINING US NOW OF THE FORBES COMPANY, WHO OWNS, DEVELOPS AND MANAGES HIGH END SHOPPING CENTERS IN FLORIDA AND MICHIGAN. SO THE STORY THAT WE GET, NATE, IS THAT YOU'RE OKAY. YOU'RE ON THE UPPER PART OF THE K-SHAPED ECONOMY.G ...

Welcome to Market Catalysts. I'm Julie Hyman. We're 30 minutes since the US trading day. Here's what we're watching this hour. First up, the stock rebound continues on Wall Street. We'll break down the outlook for stocks as the bulls return. Plus, we'll discuss the outlook for rate cuts and the future of the Fed as the White House nears the end of its search to replace JPAL. and we'll hone in on the health of the consumer, the outlook for holiday shopping, and which retailers could be poised to outperform. ...