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Why Target Corporation Sank Last Week Despite Surge In Same-Store Sales
Target Corporation (NYSE:TGT), one of the top online shopping sites in America, saw a significant rise in its quarterly same-store sales according to the company’s earnings report released last Wednesday. However, shares of the big-box store dropped by more than 4% before the morning session opened and tanked even harder after it commenced, and though shares have rebounded somewhat over the past few days, they’re still about 5% below their pre-earnings announcement level. Based on the Minneapolis-based company’s fiscal third-quarter earnings report, its revenue in the period was $16.67 billion, higher than analysts’ forecast of $16... -
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Add These 4 Retail Stocks To Your Black Friday Shopping List
With Q3 earnings season nearly over, the focus is likely to shift to the retail sector, which hogs all attention with the advent of the holiday season. Retail stocks get a thrust during this busiest part of the year, which is often a make-or-break time for retailers. As the countdown to Black Friday begins, investors also scurry for bright spots in the space. Eye-popping Black Friday deals usher in the Christmas shopping bonanza. Apart from price-matching policies, retailers try to sweep buyers off their feet with early-hour store openings, huge discounts, promotional strategies and free shipping on online purchases. Competition will certainl... -
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Russell 2000 And Semiconductor New Highs / S&P Breaks
The S&P broke higher to confirm a ‘bear trap’ and also closed at a new all-time high. Volume climbed to register an accumulation day but there were further losses in relative performance and continued losses in the MACD. The Nasdaq posted a gap-driven 1% gain to bring it ever closer to channel resistance. It hasn’t yet tagged resistance but it looks well placed to do so by the end of the week. Technical are all bullish. The Russell 2000 drove a 1% gain (which looks better than it ordinarily might have looked). Technicals are net bullish with a MACD trigger ‘buy’ to support the earlier +DI/-DI ‘b... -
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How To Hedge Against A 5% S&P Decline From Tax Reform Failure
Earlier today, we brought you some excerpts from Goldman’s year ahead S&P outlook which is now ricocheting around the financial media and should serve to further embolden retail investors who are just fine with Goldman as long as the Squid is telling them what they want to hear (in this case that the market is going to rally by another 11% in the year ahead). One of the caveats in Goldman’s outlook centered around the idea that tax cuts might not materialize or, perhaps more appropriately, that this process will continue to be so fraught as to make it a source of ongoing angst as opposed to a reason to celebrate. “If only Congres... -
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The Front Of The Natural Gas Strip Keeps Deteriorating
Another trading day, another down day for prompt month natural gas. That is now 6 out of the last 7 trading days that have seen losses for the December natural gas contract, and yet even with further losses today we have not entirely closed the gap below. The continued trend recently has been losses almost entirely at the front of the natural gas strip as the weather has offered gradually less support. The result is that in the past week, the March 2018 contract is down almost 9 cents, with the April 2018 contract down less than a cent. Shown another way, the March/April H/J spread is back to annual lows even as prompt month prices are s... -
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Gold’s New Seasonality
Brien Lundin joins me today to shares his thoughts on the range bound gold market. Considering gold is still up around 10% this year it is really not getting any attention. We ask the question where is the momentum going to come from? Audio Length: 00:13:15... -
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Stocks And Precious Metals Charts – Confronting The Unspeakable
“We are slow to master the great truth that even now Christ is, as it were, walking among us, and by His hand, or eye, or voice, bidding us to follow Him. We do not understand that His call is a thing that takes place now. We think it took place in the Apostles’ days, but we do not believe in it; we do not look for it in our own case.” – John Henry Newman And indeed, based on the above, we might further wonder if that fallen one that is the very absence and antithesis of goodness is also walking the earth among us, and summoning the similarly proud and willful with his intoxicating illusion of power to his embrace as w... -
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Using The Correct Start Date Is Key
The former Federal Reserve Chairman doth protest too much, methinks. The answer to why Ben Bernanke is still defending QE is obvious. Had it worked, I mean really worked, he would be today universally hailed as the greatest monetary steward since Bagehot. Though he wrote a book trying to cast himself in that way, the rest of the world just isn’t seeing it, or buying it (which way Treasury yields?). Thus, he protests; a lot. For QE to be debatable after so long and so much of it tells you everything you need to know about its effects. There were some, they think, but even proponents can’t really tell you with conclusive vigor what they wer... -
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IBM Likely To Make Comeback Despite Buffett Selling More Shares
International Business Machines Corp. (NYSE: IBM) is an old-school tech firm that the millennial generation may not be all that familiar with. And one of the firm’s most famous shareholders, the very old-school Warren Buffett, sold off yet more of the technology giant’s stock in the third-quarter. In 2011, the world’s most affluent investor acquired a 5.5% stake in IBM, despite contradicting his statement that he doesn’t buy stakes in companies that he doesn’t understand. He admitted recently making mistakes by not purchasing shares of Amazon.com, Inc. (Nasdaq: AMZN) and Alphabet Inc (Nasdaq: GOOGL), partly for those reasons.... -
Finance 0
The Fed Gets Ready To Follow Markets
“Davidson” submits: History often reveals truths which counter the myths of near term thinking. The phrase, “This time is different”, has been debunked so often that it should be a sign of someone speaking without any historical perspective. Little recognized is the pattern of Fed Funds rate changes since 1953. The Fed has a long history of indicating that it sets lending rates when in fact all the Fed has done is set the Fed Funds rate. It does this by keeping the Fed Funds rate higher than current T-Bill rates. The Fed Funds rate is actually not economically important. It is the T-Bill/10yr Treasury rate spread which is crucial to i...
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