75.52 +0.05 (0.07%)
After hours: 7:59PM EDT
|Bid||75.54 x 1000|
|Ask||75.87 x 800|
|Day's Range||75.19 - 77.63|
|52 Week Range||48.56 - 78.70|
|PE Ratio (TTM)||14.16|
|Forward Dividend & Yield||2.48 (3.45%)|
|1y Target Est||N/A|
Target Corporation (NYSE: TGT ) is due to report its Q1 earnings report before Wednesday's opening bell, and if recent activity in the stock is any indication, Wall Street is leaning towards the company ...
Hormel Foods (HRL) is scheduled to announce its second-quarter results on May 24 before the market opens. The revenue is expected to grow 9.1% YoY (year-over-year) to $2.4 billion—compared to $2.1 billion in the second quarter of 2017. The EPS (earnings per share) is expected to rise 15.4% to $0.45 from the EPS of $0.39 in the second quarter of 2017.
Investors will likely get an update on Target Corporation (NYSE: TGT) progress in what the company has called a “transition year” when it reports first-quarter earnings before market open on Wednesday, May 23. The plan largely centered around improving its digital experience, launching more exclusive brands, and remodeling existing stores and opening small-format locations. On average, analysts are forecasting 2.8 percent year-over-year comp sales growth for Q1 2018.
Target stock has recouped those losses into May but covered little new ground, stuck in a trading range that has now entered its fifth month. Sector sentiment has improved substantially since March, with department stores posting multi-month highs while rival Costco Wholesale Corporation ( COST) flirts with a bull market high. This bullish tailwind raises the odds for a buy-the-news reaction that lifts Target stock above stubborn resistance in the upper $70s.
Target (TGT) will report earnings on Wednesday morning, and analysts are feeling upbeat about the discounter's prospects. Quo Vadis's John Zolidis writes that with both digital and in-store traffic accelerating, and easy comparisons, he's upbeat about the report, even if weather dampens results a bit. The analyst thinks Target will show momentum from its new private brands, e-commerce efforts, and Shipt, which was acquired last year.
Walmart’s (WMT) fiscal Q1 2019 results featured several positives for investors. Walmart sustained its sales and earnings growth momentum in the first quarter and reported better-than-expected results. Plus, Walmart’s e-commerce business picked up, which is a big positive.
MKM Partners is bullish about Target Corp. first-quarter earnings, scheduled for release on Wednesday before the opening bell, thanks to brands like Universal Thread and Opalhouse. Analyst Patrick McKeever thinks the 10-plus exclusive brands that Target (TGT) launched in the past year are setting the retailer apart and improving traffic.
The concept, drawing from pop art, was the supermarket as a great equalizer. The great American supermarket is no longer the equalizer it once was. Then, there is the expanding population that hovers just above or below the poverty line for whom dollar stores will reign supreme.
At approximately $2,000, Consensus 2018 was the most expensive edition in the bitcoin conference’s history. Founded by CoinDesk, Consensus 2018 drew 8,500 attendees, an all-time record. Last year’s haul topped out at 2,700 people, which was a respectable figure at that time, representing a near-doubling from Consensus 2016.
Target (TGT) has chalked out strategies to adapt to the fast-changing retail landscape. These are likely to favorably impact the quarterly results.
In the updated daily bar chart of TGT, below, we can see a sideways trading range has developed for TGT since January. The daily On-Balance-Volume (OBV) line has been in sideways trend since January but shows an increase in the past week. The OBV line is now close to making a new high for the move up and would signal to us that buyers of TGT had become more aggressive.
Geopolitical events like U.S. trade relations with China are starting to dominate the conversation as the data calendar looks light and earnings outside of the retail sector slow to a crawl. Early Monday, stock futures rallied after Treasury Secretary Steve Mnuchin said that the U.S. would hold off on any tariffs against China as the two countries continue their talks. Aside from China, other geopolitical issues like tension in the Middle East and the coming talks with North Korea continue to draw attention.
Walmart’s (WMT) US business sustained its sales momentum in the first quarter and reported healthy growth. Including the first quarter, Walmart’s US business has now recorded 15 consecutive quarters wherein comps marked a YoY (year-over-year) improvement. During fiscal Q1 2019, Walmart’s US segment sales increased 3.1% to $77.7 billion, reflecting a 2.1% increase in comps.
The Trump Administration basically said it was going to suspend its pending trade war with China as a deal gets worked out. Further, they believe that part of that deal will include China buying more energy and agriculture products from the U.S. No further numbers were thrown around after a $200 billion deficit reduction was suggested late last week. This is good news, even if the early indications are only that agriculture and energy (USO) will be the big beneficiaries, it could suggest what we have been hoping for: a de-escalation of tariff and trade-war risks. ...
Walmart (WMT) reported net sales of $122.7 billion in fiscal Q1 2019, which exceeded analysts’ expectations of $120.5 billion and increased 4.4% YoY (year-over-year). Continued strength in its US business and healthy sales in the international segment drove the top-line growth in the first quarter. Walmart’s value pricing and acceleration in e-commerce sales continue to support its top line.
This contributed 100 basis points to U.S. comparable-store growth of 2.1%, generally aligning with our 35% e-commerce and 2.3% comp sales growth estimates for the full year. The sales momentum came at a cost, as we believe the 30-basis-point erosion in operating margin to 4.2% was attributable to the variable costs associated with shipping online orders and planned wage increases. Walmart's growth opportunities aren't confined to expanding distribution.
As wages and transportation costs climb, retailers must be more efficient to keep costs down, say analysts.
Apple • AAPL-Nasdaq Buy • Price $186.44 on May 15 by Canaccord Genuity Based on work for our North America survey, we believe the iPhone maintained its leading market share at all four major U.S. carriers—AT&T, Verizon Wireless, T-Mobile US, and Sprint—and its overall share was probably greater than 50%. Further, we believe Apple’s ecosystem approach, including its installed base of over 1.3 billion devices globally, will contribute to strong ongoing growth in services revenue. Greater segmentation could lead to year-over-year unit growth in 2019.
May.21 -- Jim Strugger, derivatives strategist at MKM Partners, discusses the iShares FTSE China 25 Index Fund and his options strategy for Target with Julie Hyman on "Bloomberg Markets."