Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here are five key things investors need to know to start the trading day.
Target is cutting around 500 jobs, as it tries to put money into making its stores more appealing places to shop, according to reports.
Target will reduce the number of store districts, which have dedicated staffing, and put money toward more hours for frontline store employees,
TGT leans on AI-driven inventory planning to fix in-stock gaps, showing faster gains on key items as it pushes a broader retail turnaround.
The bank is projecting higher revenue and lower costs, after reporting a stronger net profit for the fourth quarter.
Kinross Gold Corporation remains a "Buy" after a 32% rally, with fundamentals and valuation still attractive despite recent gold stock volatility. KGC delivered strong Q3 results, including a 26% revenue increase, a record $687 million in free cash flow, and a 17% dividend hike, while reducing debt. Operational momentum continues with robust production, well-controlled costs, and major U.S. expansion projects underway, supporting 2025 guidance.
TGT is adapting to a value-driven retail climate by prioritizing essentials, sharpening prices and expanding convenient fulfillment as shoppers stay selective.
Target's new CEO, Michael Fiddelke, said Wednesday (Feb. 4) during a company town hall event that he aims to improve the retailer's merchandise, in-store experiences and technology, Bloomberg reported Wednesday. Fiddelke, a Target veteran, became CEO Sunday (Feb. 1), according to the report.
"We weren't clear enough about who we are as a company," Fiddelke told staff on his first town hall.
In the closing of the recent trading day, Target (TGT) stood at $111.3, denoting a +1.62% move from the preceding trading day.
Target Corporation remains a long-term 'Buy' despite recent underperformance and operational headwinds. Target trades at historically low valuation multiples, offers a 4.3% dividend yield, and maintains a 57-year dividend growth streak. Balance sheet leverage is elevated, but cash reserves and prudent capital allocation priorities support dividend safety for now.