|Day's Range||1.48 - 1.58|
Target Corp. is collectively spending millions of dollars to remodel three Sacramento-area stores, as the retail giant expands its "next generation of store design" to more locations.
Analysts say they’ll be looking for Target to show evidence that investments in things like merchandising and price are paying off.
Retail earnings are in full swing, and this week it's Lowe's LOW and Target's TGT turn as two of the big-box retailers report on their recent quarters. While Target has surged 27 percent since the beginning of 2018, Lowe's is up 6 percent and trailing the XRT retail ETF XRT 's 14 percent gain. Market watchers agree on one thing ahead of their earnings: Target still looks like the better bet.
The busy stretch of retail results continues with Target Corporation (NYSE: TGT) earnings report scheduled for before market open on Wednesday, August 22. While some bearish analysts latched onto the slowdown in same-store sales, TGT reported 3.7 percent traffic growth, which was the company’s highest quarterly traffic growth in more than 10 years.
Target Corporation (NYSE:TGT) finds itself in a precarious position this week. Target is slated to step into the earnings confessional this Wednesday, and the bar is set rather high. Combine this with the fact that TGT stock is on the verge of overbought territory, and it’s enough to make even options traders nervous.
Back-to-school shopping is in full swing but this time around Walmart Inc. ( WMT) and Target Corp. ( TGT) may be the big winners as consumers hit the brick-and-mortar stores for their clothing and school supplies instead of turning to e-commerce. Of that spending $16 billion is projected to be done in store, more than double the $6 billion in total spending that will happen online. About $5.5 billion of the consumer dollars is up for grabs, with shoppers undecided where they will spend 20% of their back-to-school budgets. “Mass merchants remain the top location for back-to-school shopping, with 83% of shoppers nothing they plan to shop this format,” wrote Deloitte in the report.
Walmart (WMT) has impressed with a strong performance in its US business. For 16 consecutive quarters, its comparable store sales have marked an improvement YoY (year-over-year). Traffic also increased in the past 15 quarters. Walmart’s sustained growth in its US business is a positive sign. It remains the company’s largest business segment in both sales and profitability.
Several analysts raised their target prices on Walmart (WMT) stock following one of the best quarterly performances in decades. Analysts made the following upward revisions to their target prices: Credit Suisse: increased to $103 from $85 Jefferies: increased to $112 from $106 Gordon Haskett: increased to $99 from $92 KeyBanc: increased to $107 from $105 Telsey Advisory Group: increased to $107 from $105 Morgan Stanley: increased to $98 from $93 Cowen: increased to $115 from $105 RBC: increased to $102 from $90 Raymond James: increased to $107 from $100
Is Wall Street Underestimating Walmart despite Robust Q2? Walmart’s (WMT) e-commerce business is now a key catalyst for WMT stock. Analysts have been watching closely how Walmart’s digital business performs in fiscal Q2 2019.
Macy’s (NYSE:M) second quarter results, reported on Tuesday, indicate that its positive catalysts remain intact. Investors should buy M stock, as these catalysts should continue to boost its results going forward, while its valuation is extremely attractive and lower than that of many brick-and-mortar retailers. The sharp drop in Macy’s stock on Wednesday was irrational and has created an extremely attractive entry point.
Is Wall Street Underestimating Walmart despite Robust Q2? Walmart (WMT) reported net sales of $128 billion in its fiscal second quarter of 2019. Improved performance across all business segments, especially in its US business, drove the company’s top-line growth in the reported quarter.
In the second quarter, Walmart (WMT) topped analysts’ expectations for both sales and earnings. It reported robust numbers across all business verticals.
Is Wall Street Underestimating Walmart despite Robust Q2? Consensus target price: Does it make WMT stock unappealing? Walmart stock (WMT) rose 9.3% on August 16 after the company reported stronger-than-expected fiscal Q2 2019 earnings.
Walmart inc. (NYSE: WMT) almost 10 percent gain in its stock price Thursday led equities markets higher, following an earnings release that touted ecommerce growth as a key driver. U.S. same store sales for Walmart were up 4.5 percent, the best quarterly performance in 10 years. Walmart's stock rose Thursday by 9.33 percent, to $98.64.
Target Corp. has resumed selling farmed salmon in its stores, eight years after the retailer drew praise from environmental group for committing to sell only sustainable, wild-caught salmon.
Chinese robotics companies will have to do more if they want to stand out from the global competition, a senior partner at McKinsey tells CNBC. Karel Eloot says Chinese companies will have a competitive advantage if they move into other developing markets. There were more than 6,500 robotics companies in China at the end of 2017, according to Chinese media.
Jose Rasco, HSBC Head of Investment Strategy talks future of retail with Yahoo Finance's Seana Smith, Andy Serwer and Jennifer Rogers.