I’m watching one key retailer and a major semiconductor company for an indication of where our economy currently is.

It will be important to see how these companies are forecasting the all-important holiday quarter. 

This week is always a crucial one for earnings season.

While basically every company is set to report over the next couple of months, here’s two I am watching closely.

While it’s fun to research and invest in up and coming sectors or high growth companies, not everyone has the same appetite for risk.

Home Depot said its overall same-store sales jumped 24.1 percent in the quarter, leaving behind the consensus estimate of 17.2 percent growth

Shares of HD Supply Holdings (NASDAQ: HDS) skyrocketed more than 24 percent this morning following the news, while Home Depot (NYSE: HD) stock is trading nearly flat

As of August 14, 2020, the stock has gained 28% YTD as compared to the S&P 500's 3.5% gain YTD, outperforming the index by approximately 22.68%.