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Target Stock

Article Index

Target Stock (NYSE: TGT) Is Off the Mark in 2015

By , Resource Specialist, Money Morning -

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.

Here's the story behind it and what to do...

Dow Jones Today Moving on These Top Stories; TGT, GCI, and COH Are Premarket Movers

By , Executive Producer, Money Morning -

dow jones today

Dow Jones today, August 5, 2014: U.S. markets roared back on Monday, boosted by strong quarterly results from Berkshire Hathaway (NYSE: BRK.A). The company's B-shares (NYSE: BRK.B) were up 3.25% on the day.

The S&P 500 Index climbed yesterday after the market lost roughly 2.7% last week. The markets also reacted positively to news that the Portuguese government will offer nearly $6.6 billion (4.9 billion euros) in emergency lending to stave off the collapse of its largest financial institution, Banco Espirito Santo. The Chicago Board Options Exchange Volatility Index (VIX), which gauges investment fear, slipped more than 12% on the day.

Here’s what you should know to make your Tuesday profitable:

Target (NYSE: TGT) Stock Up on Earnings, But Slowdown Ahead

By , Money Morning -

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."

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