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September 21, 2016
The Dow Jones Industrial Average today rallied after the Fed announced no rate hike for September.
December 1, 2015
The website for Target Corp. (NYSE: TGT) crashed on Cyber Monday due to high traffic, according to Target officials. Customers experienced delays and were asked to be patient with the site. TGT stock closed at $72.50, down 1.28% from its opening price Monday (yesterday).
June 11, 2015
6/11/15: Shares of Target Corp. (NYSE: TGT) are in focus after the Big Box retailer announced plans to hike its quarterly dividend by $0.56 per share. The company also announced plans to boost its stock buyback program to $10 billion. On Tuesday, Target's public relations department accidentally announced the company's plans before its board of directors had finished […]
May 26, 2015
Target Corp. (NYSE: TGT) stock is finally looking attractive again.
TGT stock is up 42% in the past year, and a modest 4% in 2015.
May 20, 2015
5/20/2015: Shares of Target Corp. (NYSE: TGT) were up more than 1.4% on news that the company reported a stronger first quarter profit than Wall Street analysts had expected. The company reported adjusted quarterly earnings of $1.10 per share, well ahead of the $0.92 it earned in the same quarter in 2014. The company beat back concerns that a […]
March 19, 2015
3/19/15: Big-box retailer Target Corp. (NYSE: TGT) will raise the minimum wage for all its employees to $9 per hour. The policy change matches the decision by rivals like Wal-Mart Stores Inc. (NYSE: WMT) and TJX Cos. (NYSE: TJX) to increase pay. Target also announced yesterday it plans to allow returns for up to a year on the store's private and exclusive brands. […]
February 25, 2015
Shares of retail giant Target Corp. (NYSE: TGT) rose more than 0.4% this morning on news that the company bested quarterly earnings expectations. The company announced per-share earnings of $1.46, topping last year's quarterly earnings of $0.90 per share. The company cited its strengthening online business over the holiday season. This is a big boost […]
February 17, 2015
A surge in cybersecurity breaches has payment companies increasingly concerned about customer confidence in their products and services. Over the weekend, Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have announced plans to boost their cybersecurity features for online transactions. MasterCard has invested at least $20 million in its new features including biometrics and […]
January 23, 2015
Target Corp. had one chance to make a good first impression in Canada… and blew it. And Target stock may soon feel the effects.
I know because I saw it clearly for myself.
While that may sound harsh, it's the reality of what happened.
Just two years into their expansion north of the border, and billions of dollars later, the chain's closing up shop and taking a big hit.
This should never have happened and it is another blow to an increasingly punch-drunk retailer.
December 1, 2014
Cyber Monday is on tap today, which could be a boon for e-commerce giant Amazon.com Inc. (Nasdaq: AMZN). However, investors will be paying significant attention to retailer stocks after Black Friday, the largest shopping day of the year in the United States. According to the National Retail Federation, shopping revenues over the Thanksgiving holiday weekend […]
November 19, 2014
Shares of Target Corp. (NYSE: TGT) and Lowe's Companies Inc. (NYSE: LOW) jumped 3.1% and 4.3% respectively this morning on strong earnings reports and sales outlooks. This morning, Target said it beat third-quarter profit estimates on strong back-to-school and Halloween sales. The company is currently in the middle of a turnaround, and will likely open […]
September 10, 2014
Following the confirmation by The Home Depot Inc. (NYSE: HD) that the company had been hacked, two U.S. Senators have asked the Federal Trade Commission to open an investigation into the cybersecurity data breach. Meanwhile, five U.S. states have opened their own internal investigations into the breach, which likely affected customers dating back to April. The breach is the largest […]
August 20, 2014
Problems Ahead: Shares of Target Corp. (NYSE: TGT) were off more than 1.5% in premarket hours on news the company has cut its 2014 outlook, after it failed to meet Wall Street expectations on its second-quarter earnings. The company reported earnings-per-share of $0.78, missing expected results of $0.80. The company is still reeling from a […]
August 18, 2014
Open Late: In an effort to boost profits and obtain new customers, Target Corp. (NYSE: TGT) announced plans to extend its store hours by one to two hours at more than 900 of its locations. The announcement is part of its new strategy from new CEO Brian Cornell as the firm attempts to recover from […]
August 12, 2014
Some negative Bitcoin news from the Consumer Financial Protection Bureau yesterday (Monday) – a blunt warning of all the dangers of Bitcoin – illustrates the uneasy relationship the U.S. government has with the digital currency.
The CFPB "consumer advisory," which encompasses all virtual currencies, effectively scares people away from them by presenting a laundry list of worst-case scenarios.
June 16, 2014
Dividend-paying stocks update: Presently, 421 companies in the S&P 500 Index pay a cash dividend – the most since September 1998's tally of 423.
And S&P 500 dividend stocks are on track to post a 10.5% increase in annual cash dividends paid in 2014.
May 22, 2014
Sears stock (Nasdaq: SHLD) slumped 4% in premarket trading this morning (Thursday) before announcing financial results for its first quarter, which ended May 3. Overall, Sears posted a loss of $2.24 per share, vastly widening from Q1 2013's loss of $1.29 per share. The numbers were way off from analysts' more optimistic expectations of a projected loss of $1.91 per share. Revenue fell 6.8% to $7.88 billion.
Not much has changed in recent years for the retailer, which merged with Kmart in 2005.
You see, today's earnings are just another "nail in the coffin" in a long line of hits to SHLD stock – in fact, they mark 28 straight quarters of revenue drops for the retailer.
May 21, 2014
Hot stocks today are moving on analyst upgrades, company news, and Q1 2014 earnings reports.
Today's list of hot stocks to watch includes a luxury jeweler hitting a 52-week high, an online travel company climbing on new analyst coverage, and a handful of eco-friendly firms surging on earnings and company developments.
Top financial news today, May 21, 2014: The Dow Jones Industrial Average plummeted more than 100 points on Tuesday after a sharp selloff in retail stocks rattled the markets.
May 16, 2012
Target (NYSE: TGT) stock was up 2% in early morning trading after the company delivered a strong earnings report before the bell today (Wednesday).
Target Corp. reported earnings Wednesday morning, with a net earnings per share of $1.04 compared to analysts' expectations of $1.01 per share. Adjusted earnings per share, a measure the company believes is useful in providing period-to-period comparisons of results of its U.S. operations, was $1.11 in the first quarter of 2012, up 11% from $0.99 in 2011.
Same store sales rose 5.3% in the quarter, the highest growth in six years as consumers took advantage of the warm winter in many regions.
"We're very pleased with our first quarter earnings, which benefited from better-than-expected sales," said Gregg Steinhafel, chairman, president, and chief executive officer of Target.
But a continued Target stock rally is in jeopardy as 2012 bears a feeble retail outlook and cautious investor sentiment.
"We're in a period where there's little conviction to buy," Richard Cripps, chief investment officer at Stifel Financial, told USAToday. "The road ahead is too uncertain because of European concerns and the presidential election later this year."