Target is reporting earnings next week and has a history of posting strong earnings and strong guidance. While taking an earnings hit on the chin last quarter, while still growing revenue, due in large part to refusal to pass on supply chain costs, I am expecting strong numbers next week. TGT also experienced a sell off earlier in the year and was not heavily impacted in the last few weeks. To me it looks like a bottom was found and I wouldn’t be surprised at all to see buying pressure following strong earnings as people look to rebalance portfolios away from highly valued growth stocks.
What do you all think of TGT
https://moneyandmarkets.com/earnings-edge-tgt-wmt-analysis/amp/
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