TGT: Mixed Quarter May Be Good Enough
(Click on image to enlarge)
Target (TGT) reported mixed earnings this morning but that may be good enough for the shares to bounce. Comps declined a more than expected 5.4% but margins firmed up resulting in better than expected EPS of $1.80. TGT also lowered its full year comp and EPS guidance. Nevertheless, given how beat up TGT shares are the stock is bouncing in the premarket (+7%) as I thought they might. The TGT Aug18 $122 Puts I sold for ~$2 on Monday are almost certain to expire worthless.
More By This Author:
Hold WMT & DE Into EarningsCan TGT Hit The Mark?
DDOG And The Risks Of Growth Stock Investing
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
