In general, when markets trend lower, it makes sense to invest in blue-chip stocks. They tend to have a low beta and also provide regular cash flows through dividends. Yet, not all blue chips are created equal. Based on macroeconomic or company-specific factors, there are some you want to buy and some blue-chip stocks to sell. For example, blue-chip retailer Target (NYSE: TGT ) sits 45% below its 52-week high, weighed down by inflationary pressures and margin compression. And pharmaceutical giant Pfizer (NYSE: PFE ) is 30% below its high on concerns of a slowdown in growth predominately due to lower Covid-19 vaccine sales. So, investors need to carry out due diligence even with blue chips. Today’s list of blue-chip stocks to sell in October contains popular names that are likely to correct or correct even further. PEP PepsiCo $163.26 COST Costco Wholesale $472.27 FCX Freeport-McMoRan $27.35 OXY Occidental Petroleum $61.43 PepsiCo (PEP) Source: 8ED8 / Shutterstock PepsiCo (NASDAQ: PEP ) stock is up 11% over the past year, bucking the broader bear market, and it throws off a healthy 2.7% dividend yield.
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U.S. stocks have been presenting major headwinds for investors throughout much of the year, as inflation and skyrocketing interest rates push many traders to from their bullish sentiment. In this article, we''ll take a look at five retail stocks — TJX, KR, DG, TGT, and MELI — that may be able to power through tough times. Federal Reserve Chair Jerome Powell announced another aggressive rate hike of 75 basis points. This marks the fifth consecutive rate hike this year alone, as the central bank looks to get a hold on rampant running inflation.
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Retailers have begun prepping for the holiday season with as much eagerness as shoppers who are looking forward to eye-popping deals. This season, which accounts for a sizable chunk of yearly revenues, is a make or break for retailers. And Target Corporation (NYSE: TGT ) is no exception. In a press release on September 22, Target announced its plans for the all-important holiday shopping season. The company said it will begin discounting merchandise “earlier than ever” this year, beginning with its “biggest ever Target Deal Days event,” which will take place October 6 to 8. And given the state of the overall economy, investors are no doubt considering the ramifications of a longer holiday shopping season. Earlier deals, deeper discounts, and greater competition will likely continue to weigh on already pressured operating margins. While inflation has eased somewhat, it is still near 40-year highs, causing consumers to make tough decisions at stores and fuel pumps. And while a longer shopping season and deeper discounts might attract more holiday shoppers, it’s a double-edged sword – and despite the early deals, Target and other retailers may not get a big boost this holiday season.
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Currently, Target Corporation’s (TGT) stock is trading at $151.42, marking a fall of -2.85% from last night’s close. At this price, the stock is -43.71% below its 52-week high of $268.98 and 10.40% above its 52-week low of $137.16. Based on the past 30-day period, the stock price is -13.61% below the high and +3.61% […]
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Retail stocks are weathering a storm on Thursday that has many of them sinking below the waves made by Hurricane Ian in Florida.
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In this article, we discuss the 5 best clothing stocks to buy now. If you want to read our discussion on the apparel sector, go directly to 10 Best Clothing Stocks To Buy Now. 5. Target Corporation (NYSE:TGT) Number of Hedge Fund Holders: 46 Target Corporation (NYSE:TGT) is a Minneapolis-based seventh biggest retailer in the US. […]
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Acquired business utilizes approved storage locations for clean fill dirt storage generated from commercial and residential constructionRecurring revenues and cash flows streams generated from each truck load that comes across the scales for the …
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Target Corporation found using ticker (TGT) now have 29 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between $244.00 and $161. and has a mean target at $191.38. Given that the stocks previous close was at $152.96 this is indicating there is a potential upside of 25.1%. The 50 day MA is $163.60 and the 200 day moving average is $193.41. The market cap for the company is $70,241m. Visit the company website at: https://corporate.target.com [stock_market_widget type="chart" template="basic" color="green" assets="TGT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $87,884m based on the market concensus. Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
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Target implemented necessary infrastructure to accelerate growth in the aftermath of a recession. Click to see TGT''s growth strategies and expense management.
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Target Corporation (NYSE: TGT) is a well-known company to the average U.S. consumer. With physical stores across the country and a growing online presence, the company represents a stable investment for many analysts. In today''s environment, however, the firm is facing major challenges, especially in the near and medium term. I am neutral on TGT stock. Retail is Becoming Increasingly Digital In the world of online retail, many analysts and investors view physical store companies as having an inherent disadvantage in terms of operating costs and growth velocity.
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In recent trading session, Target Corporation (NYSE:TGT) saw 1.14 million shares changing hands at last check today with its beta currently measuring 1.01. Company’s recent per share price level of $153.52 trading at -$5.51 or -3.46% at last check today assigns it a market valuation of $73.61B. That most recent trading price of TGT’s stock … Target Corporation (NYSE:TGT) Stock Plunged -31.29% So Far In 2022, What Analysts Expect Next? Read More »
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Currently, Target Corporation’s (TGT) stock is trading at $153.87, marking a fall of -3.24% from last night’s close. At this price, the stock is -42.80% below its 52-week high of $268.98 and 12.18% above its 52-week low of $137.16. Based on the past 30-day period, the stock price is -12.13% below the high and +0.10% […]
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Target (TGT) is seeking to hire 100K employees and extend promotions through the holiday season, per an announcement on Thursday.According to a press release, the retailer will start…
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It’s looking like one of the biggest mistakes in the inflation analysis this year was the conviction with which many said it was primarily a supply-chain problem. Crude oil is down 35% from its high and is below where it traded before Russia invaded Ukraine seven months ago. Same with wheat and lumber. The further we get from the original COVID shutdowns, the more the supply chain unbuckles. China has been a big laggard, but even the closures this past quarter weren’t worse than in 2020. Despite these improvements, inflation is stuck above 8%. Supply chain pressures have eased, yet inflation hasn''t meaningfully moved. So the sticky part of inflation looks to come more from elevated demand. This rings true in the robust employment picture as well as the details from consumer goods companies like Nike (NYSE: NKE ) and Target (NYSE: TGT ) that now have too-large inventories. The issue is not that they don''t have the supplies to deliver the goods, the issue is that … Full story available on Benzinga.
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TD Bank (TD) will continue to be the exclusive issuer of the Target (TGT) co-branded and private label consumer credit cards through a multi-year contract extension, the companies…
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CHERRY HILL, N.J., Sept. 21, 2022 /PRNewswire/ -- TD Bank, America''s Most Convenient Bank®, today announced a multi-year contract extension with Target Corporation (NYSE:TGT), in which TD will continue to be the exclusive issuer of Target co-branded and private label consumer credit cards….
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Hello, Reader. It’s been a short and quiet week on Wall Street with a welcome break from the volatility the market has seen for much of the summer. The market traditionally cools down around now, making September one of the least profitable months of the year. But as always, we look for the dips and are ready for a bounce back to support in the market, which means taking more profits. The Power of the Dollar One of the keys behind our neutral-bullish stance is the strength of the dollar, which hasn’t been this strong since the era of the dot-com boom. (Don’t worry – we don’t see another of those happening.) A rising dollar is a problem for exporters, but it’s a boon for importers and attracts foreign investors. International traders now have an extra incentive to invest in the U.S. stock market. This is good for service businesses and retailers because it takes fewer stronger dollars to buy imported goods. Because of the mostly consumption-based U.S. economy, cheaper imports should help lower inflation levels and increase spending.
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Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) could face a challenge from U.S. retailers, who wish to break the duopoly these credit card service providers enjoy in the United States. To achieve this, retailers and other trade organizations are giving full support to the Credit Card Competition Act of 2022. It is worth noting that top retailers, including Walmart (NYSE:WMT), Macy’s (NYSE:M), Home Depot (NYSE:HD), and Target (NYSE:TGT), seek Congress to pass the abovementioned bill, which Senator (Illinois) and a Democrat, Richard Durbin, and Senator (Kansas) and a Republican, Roger Marshall, introduced in July 2022.
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Ollie’s Bargain Outlet Holdings (OLLI) rose sharply on Thursday after Bank of America voiced bullishness on its buyout of Target (TGT) inventory.
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California has filed a lawsuit against Amazon (NASDAQ:AMZN) for violating the state''s antitrust law through its pricing model. California’s Attorney General Rob Bonta said that AMZN is blocking third-party sellers on its platform from selling products at lower prices elsewhere. Bonta added that AMZN’s practice pushes prices higher for California consumers. Bonta said that Amazon entered into an anticompetitive agreement with third-party sellers and wholesale suppliers on its platform to insulate itself from price competition. He added that due to these agreements, third-party sellers and wholesale suppliers are unable to offer lower prices elsewhere, including its competitors like Walmart (NYSE:WMT) and Target (NYSE:TGT).
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LRT Capital Management, an investment management firm, released its July month 2022 investor letter. A copy of the same can be downloaded here. As of August 1, 2022, the fund’s net exposure was approximately 67.37% and the beta-adjusted exposure was 45.31%. In addition, you can check the top 5 holdings of the fund to know […]
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KeyBanc Capital Markets analysts on Wednesday said Walmart Inc. and Target Corp. appear to be well positioned to weather the current economic environment and grow profit margins. Analysts at KeyBanc initiated coverage of Walmart and Target with overweight ratings and price targets of $155 and $200 respectively. "While investors can find better growth potential in smaller companies, we believe both Walmart and Target are in the best competitive positioning of the past decade, given the pandemic''s catalyst of e-commerce becoming significantly more important," KeyBanc analyst Bradley B. Thomas said. The two companies are also poised to gain market share in the next two-to-three years as they leverage their grocery delivery/pickup businesses. Analysts also expect their profit margins to recover to normal levels. Shares of Walmart are down 6.6% in 2022 compared to a loss of 17.5% by the S&P 500 . Target stock is down 28.2% in 2022. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
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Merchants such as Target Corp. [s] and Walmart Inc. signed on to a letter asking Congress to pass a law that would require options for the routing of credit-card transactions over alternative networks, according to The Wall Street Journal. Sen. Dick Durbin, an Illinois Democrat, and Sen. Roger Marshall, a Kansas Republican, who introduced such a bill back in July, said that alternate routing options would increase competition and lead to lower swipe fees when people use many Visa Inc. and Mastercard Inc. credit cards. "Swipe fees for credit cards are higher in the United States than anywhere else in the industrialized world-more than seven times as high as Europe," a group of more than 1,600 merchants said in their letter, the Journal reported Wednesday. Debit cards already carry a requirement for routing options in most cases. Visa Chief Financial Officer Vasant Prabhu addressed the proposed legislation at a Goldman Sachs conference earlier this week, saying that there is already "a ton of competition" in the credit-card business and that reductions in interchange fees as a result of any new laws could impact the rewards landscape for consumers.
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Target Corporation (TGT) has reached an exclusive, multiyear agreement to sell FAO Schwarz toys, per a company announcement on Monday.
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Hello, Reader. It’s been a short and quiet week on Wall Street with a welcome break from the volatility the market has seen for much of the summer. The market traditionally cools down around now, making September one of the least profitable months of the year. But as always, we look for the dips and are ready for a bounce back to support in the market, which means taking more profits. The Power of the Dollar One of the keys behind our neutral-bullish stance is the strength of the dollar, which hasn’t been this strong since the era of the dot-com boom. (Don’t worry – we don’t see another of those happening.) A rising dollar is a problem for exporters, but it’s a boon for importers and attracts foreign investors. International traders now have an extra incentive to invest in the U.S. stock market. This is good for service businesses and retailers because it takes fewer stronger dollars to buy imported goods. Because of the mostly consumption-based U.S. economy, cheaper imports should help lower inflation levels and increase spending.
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In Thursday’s session, Target Corporation (NYSE:TGT) marked $171.90 per share, up from $170.79 in the previous session. While Target Corporation has overperformed by 0.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TGT fell by -30.15%, with highs and lows ranging from $268.98 to $137.16, whereas […]
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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: EQT Corp., up 57 cents to $46. The natural gas company announced the purchase of gas and pipeline assets and doubled its stock buyback program. Coupa Software Inc., up $10 to $65.82. The software company reported strong second-quarter financial results. HealthEquity Inc., up 64 cents to $64.08. The provider of services for managing health care accounts raised its revenue forecast for the year. Occidental Petroleum Corp., down $1.45 to $65.43. Energy stocks slipped along with falling oil prices. Target Corp., up $7.21 to $170.79. The retailer is dropping the mandatory retirement age for its CEO, allowing Brian Cornell to stay on for three more years. United Parcel Service Inc., up 33 cents to $196.29. The package delivery service plans to hire more than 100,000 extra workers to help handle an increase in packages during the critical holiday season. Glaukos Corp., up $8.91 to $57.01. The drug developer gave investors an encouraging update on a potential glaucoma treatment.
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Target Corp (NYSE: TGT ) shares are trading higher Wednesday alongside several retailers amid overall market strength as stocks rebound from recent weakness. Target also announced leadership changes Wednesday morning. Target CEO Brian Cornell reaffirmed his commitment to remain the company''s chief executive for approximately 3 more years. Additionally, the company announced Arthur Valdez , executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen … Full story available on Benzinga.com
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Walmart Inc will raise $5 billion in bond offerings, joining a host of big retailers and restaurant chains to tap the debt market ahead of the U.S. Federal Reserve’s next potential rate move. A company filing showed on Wednesday that its bonds will be due between 2025 and 2052 and have a coupon rate of between 3.9% and 4.5%. The Federal Open Market Committee Meeting is scheduled for September 20-21, where the Fed is expected to decide on whether to go for another 75bp rate increase. IFR reported on Tuesday that at least 19 investment-grade bond deals were expected to price, as issuers and investors get ready for what is expected to be a busy post-Labor Day session. Walmart results top estimates as inflation alters consumer behavior Target Corp is offering $1 billion in notes due 2032, while McDonald’s Corp is offering about $1.5 billion in two-part bonds due 2052 and 2032, the companies disclosed in separate filings on Tuesday. Separately, Lowe’s Cos Inc also announced the pricing of a four-part notes offering at $4.
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Source: jejim / Shutterstock.com Independent investment research publication Hedgeye recently targeted Target (NYSE: TGT ) stock as a potential short candidate . With this year’s bear market seemingly continuing to blow cold air, could a TGT short be a hidden path to gains? According to Hedgeye, the answer is an overwhelming yes . Pointing to Target’s “massive inventory problem,” Hedgeye analyst Brian McGough believes the company may end up bearing the brunt of an increasingly brutal season for consumer spending. “TGT is sitting right in the bullseye of competitive pressure from the 80-90% of retailers that will be aggressively clearing product […] Bottom line is that going from ~$8 this year to $12 next year in EPS is a herculean feat that we don’t think TGT will pull off. This is one of the few times where we should see a meaningful price divergence between TGT (lower) and WMT.” Target has repeatedly lowered its outlook to reflect the bottom-line impact of overstocked inventories. Per SeekingAlpha , the company is down more than 25% since slashing its full-year profit forecast in May.
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This September, Target will be paying a 20% higher dividend; with the stock plunge, the forward yield stands at 2.62%. Find out if TGT is a good dividend stock.
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Retailer Target Corp. (TGT) was added as a best short at Hedgeye, citing the company''s "massive inventory problem." "TGT is sitting right in the bullseye of competitive pressure from…
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