Cheddar News checks in on The Day Ahead for Thursday as Wall Street waits for earnings from Macy's, Hormel, Best Buy, Dell, Costco and Kroger.

Closing Bell

The Day Ahead: What to Watch for Thursday

Well, let's take a look ahead of the events as sure to move markets tomorrow. We're gonna have another very busy day of earnings on tap. Macy's best buy Hormel Kroger all set to report results before the open tomorrow. So we'll keep an eye on Macy's and best buy amid some bloom in the retail sector, especially for companies that sell discretionary items like electronics and clothing. But we've seen this trend just grow in the past year, consumers shifting their spending habits toward buying more necessities like food and beverages instead of recreational purchases like clothes and electronics. That trend likely helping Kroger in this last quarter. So speaking of that company, the grocery chain investors will look for any hints in tomorrow's report of the state of the grocery industry and its planned merger Kroger's that is specifically with Albertsons, of course, does need to get regulatory approval to actually go through. We'll also get some results later in the day with chipmaker, Broadcom, retail warehouse giant Costco PC, maker Dell and department store Nordstrom all reporting results after the close investors will be eyeing the number from Costco that's expected to report its weakest sales growth in more than three years. Well, analysts estimating it posted earnings per share of $3.21 sets of 9.6% from the same time a year ago, sales coming in at 55.6 billion. That's a projection and there'd be a 7% jump from a year ago. U. S. Retail sales seen an unexpected surge in january with other retailers like amazon walmart and Home Depot. All giving a cautious outlook for the year, of course, warning of slower consumer demand.