Target Crashes After Cutting Profit Outlook For 2nd Time In Two Weeks Due To Excess Inventory
Posted on 06/07/2022 6:07:40 AM PDT by blam
Lots of meat in that report.
When you declare war on the fossil fuel industry, make all forms of energy scarce and expensive and continue to print trillions of paper dollars, subsidize and encourage non productivity you get a real contraction of the economy and inflation. Eventually even the speculators on Wall Street begin to understand reality.
(TARGET is not taking any more supply items as they are swamped with inventory and need to get rid of it BEFORE fall buying season)
It’s transitory. And the economy is doing great.
Chocolate rations go up next week by 25 grams.
TGT had its clock cleaned stock-price wise circa May 20 by appx 25%; that they are doing it again, more, is somewhat surprising. (no position in TGT)
“TGT had its clock cleaned stock-price wise circa May 20 by appx 25%; that they are doing it again, more, is somewhat surprising. (no position in TGT)”
Up 50% since 2019.
Well...I’m on my way to Costco to buy three more months worth of dry dog food while I can still afford it.
Yeah, they had a spectacular runup over the past few years that I surely wish I was in on. I advise a pretty wealthy guy on an informal basis wrt stocks; Trees not growing to the sky, we are trying to scrape off some big winners of which I’ve produced a few. He has a hard time selling juicy winners. I screamed at him for months to sell or hedge Boeing up well over 400, no go.
Back in the day ....
A friend living on a boat with about $300k + boat + small farm invested in Israeli tech.
His goal was to buy new boat, about $350k.
Soon he was looking at a $1.5 million boat as his stocks were worth over $6 million.
He wouldn’t get out as he didn’t want to pay the taxes.
Not so long later his stocks were worth About $350k.
My brother (long term holder, careful researcher) just did that...he bot a stock for $190 and about a week later it ran to 225 on news he had no idea about. I urged him to take a quarter or half off at dead minimum; my philosophy is that if you get a year’s gain in “zero” time you have to take some of it. Nope. Tax hatred, same story. Now the stock is $124.
When you think of the emotional/psychological difference between now and the Trump era, it’s pretty massive. I mean, what the heck does the market have to look forward to now? Anything? Bueller? Nevertheless, the market has come an astronomical long way since jan/feb 2020 and many stocks sit atop those gains. I don’t consider current conditions favorable to continued bullishness and that’s why (I think it was you a few days ago) I commented that there is real vulnerability here, and I would strongly prefer to trim aggressively rather than ride it down 15-30%. I am not saying go to your brokerage page and sell everything one by one until you are flat. I’m saying “duck”.
” (I think it was you a few days ago)”
Yes. I am the “long-term growth, dividend” dude.
I guess their woke ‘bathroom policy’ didn’t help
Apparently not.
Maybe it impressed the looters or something.
Watch out for those big bags. I had two Costco dry dog bags that became infested with moths when less than half empty (obviously had larve inside when purchased).
Target is the new K-Mart except with trannies targeting children in the changing rooms and bathrooms.
I own some AMD stock. On May 12 the stock was $84.12 at it’s low and now at around $105.28
It has been a bit higher this past week.
Pretty good recovery going on and I hope it continues but the democrats are doing everything they can to stop America.
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