Finding long-term stocks to buy in today's market isn't easy. Many of the best blue chips, like Target (NYSE: TGT ), suffer from inflation concerns and reduced consumer spending, sending shares spiraling and creating uncertain futures.
Despite rising +2% in today's trading session, Target's (TGT) stock is still down -7% since reporting mixed Q1 results on Wednesday.
Target Corp. (NYSE: TGT), the second-largest big-box retailer in the country after Walmart, posted abysmal financial results after Walmart Inc.
Target Corp. (NYSE: TGT), the second-largest big-box retailer in the country after Walmart, posted abysmal financial results after Walmart Inc.
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
After hovering near flat levels for much of the session, major U.S. equities indexes fell Wednesday afternoon as the Federal Reserve released the minutes from its latest rate-setting meeting. The minutes showed Fed officials expressing concerns about the persistence of inflation, raising doubts about the timing of potential interest rate cuts.
Target Corp. on Wednesday reported results for yet another quarter marked by a hesitant consumer — but at least it has pickleball, advertisers and Taylor Swift.
As consumers look to balance their desire to treat themselves with ongoing economic concerns, Target is seeing shoppers' shift to discretionary spending on experiences negatively impact their budgets for nonessential retail products.
Target warned that consumers will remain "pressured in the short term." It's caused the company to report a more cautious in its near-term growth outlook.
Target's weak results show the fierce battle between retailers that are trying to outmatch each other on deals.
Target's comparable sales fell 3.7% last quarter, the fourth consecutive quarter of decline. Improvements in e-commerce weren't enough to cover a 4.8% slide for in-store comps.