To the moon.
In fact, all the retailers lowered earnings estimates in March, and now they are just increasing them back to where they were supposed to be. Alot of earnings growth coming from stock buybacks like TGT.
Unfortunately the retailers are so over inflated now when they pop its going to be terrible for the small investors. And of course, wall street just wants to post headlines BEAT ESTIMATES and RAISED GUIDANCE without giving any of the gory details of how that occurred.
Just be careful folks. The headlines sound better than the facts.
It could, lot of challenges worldwide. We'll see where the money goes. I got out of global positions pretty much. I know Cramer said he likes TGT better under 60, but I'll just sit and collect the dividends and drip'em.
I'm only 23% invested in the swing account. Just need to find a few more jems at the right price.
"retail sales are falling off a cliff"
you are the latest in a very long line of retailers "workin" this board that have parroted the same line for the last year, all the while Target has delivered earnings qtr after qtr, paid it's solid 2.4% divi and the share price has grown from the high 40's to 64+.
good luck to you, don't spend those nickles all in one place.....
traders can make a few nickles short here in the short term. but I love the fact that the retail shorts that "work" their positions on the dopey internet message boards think a few nickles on the short side makes them a shrewd investor while they just sat and watched a 13% move in a very short 90 days pass them by...
best of luck to you. post away...