| Speaking of Russia… Perhaps the latest GDP numbers out of Moscow will get a bit more attention given all the controversy about Trump. Russia’s economy has been slammed by the twin forces of cheap oil and sanctions from the US and Europe. But economists think the GDP report due out on Wednesday will show Russia’s economy grew by 0.4% during the first quarter.
More trouble from Target? It’s been an absolutely brutal period for the bricks-and-mortar retail industry. Will Target add to the gloom-and-doom? The discount retailer’s quarterly numbers are due out on Wednesday morning and investors are nervous. Target’s stock price has plummeted by 25% so far this year alone.
Victoria’s Secret and Cisco on tap: More dour retail news could come after the closing bell. That’s when L Brands, the owner of Victoria’s Secret, is slated to post results. The company’s stock has lost one-quarter of its value this year. Thankfully, the tech industry is doing much better than retail. That should be evident when Cisco Systems heads to the earnings stage on Wednesday afternoon.