Last trading week was crazy, but the start of this week was even more crazy. Everybody said don`t buy the dip, and now you can clearly see that everybody is doing the opposite. They are buying the dip. But take a look at one of the top stocks I am looking at in times like this.
Target Inc jumped nearly 6% on Monday, while WalMart jumped nearly 8%. Target Inc warned investors that its holiday season was weaker than the company was expecting. Wall Street expects Target Inc to earn $1,66 per share on revenue of $23,47 billion. Last year earnings came to $1,53 per share on revenue of $22, 98 billion.
The consumer is strong and remain the driving force of the U.S economy. Just as important, big-box retail is not dead, as evidence by the strong earnings results and forecasts just delivered from Walmart.
Can Target Inc keep up the pace? Target Inc has been one of the better performers in the retail sector, with its shares up 42% over the past year, thanks to the company`s e-commerce initiatives. But with concers about the coronavirus, Target Inc will need strong top-and bottom-line results, solid growth and upside guidance to keep Wall Street excited about its direction.
Watch out for Target Inc before the open on Tuesday March 3.
Former Overstock CEO Patrick Byrne
revealed the Deep State Coup a few days ago on Fox News. Mr Byrne
said he had released the statement because he realized that someone
would uncover his involvement in the federal investigation if he did
not reveal it himself.
He decided to come forward after a conversation with his «Omaha rabbi», a reference, he said, to Mr Warren Buffet who are a good friend of him. In the statement, he referred to what he described as a romantic relationship with Ms Maria Butina, who is serving an 18-month prison term after being accused by federal prosecutors of trying to infiltrate powerful political circles at the direction of the Russian government.
Mr. Byrne said he helped the F.B.I with
the «Clinton Investigation» and «Russia Investigation.» Those,
he said, «turned out to be less about law enforcement and more about
political espionage conducted against Hillary Clinton and Donald
He describe the people who runs the
country for the «Men in Black». (and he is not talking about the
film). The Men in Black is at the top of the F.B.I og they offered
Mr. Byrne 1 Billion dollars to not speak up about all this mess. He
Instead, he is selling his own retail company Overstock and maybe Target will buy it?
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