This week a good chunk of the large-cap consumer names as scheduled to REPORT earnings. TGT LOW and HD are on tap as well as the chart below of WMT. KSS REPORTS on Thursday and it has been holding the gap fill from the 1/21 session well. This morning we heard from some laggards in WEBR and WRBY, with the former staging a huge reversal, but one I would not touch as it is a single-digit name. Overall the XLY is the worst-performing major S&P sector down 27% in 2022 thus far, not a typo. The lone “bright” spot and that is a bit of embellishment, is the toys group. MAT is on a 5-week winning streak and is just 5% from the most recent 52-week highs and a name we flagged for nice action following a break above a double bottom pivot of 24.29. Sure there are plenty of laggards in the space with names like GPS SIG AEO ANF and PLCE to name a few that CLOSED near the lows for their daily ranges last Friday on a white-hot tape. Investors continue to gravitate toward mature names and WMT fits the bill with a gain of 3% YTD and a dividend yield of 1.5%.