Target filled its earnings gap and printed a doji candle, which usually signals a reversal, so it should start moving back up. Earnings were great and sentiment around the new CEO is positive. x.com
Theresa Perrin
Self-Directed Investor & Trader, Former Hospice Nurse
Target looks appealing after fixing its inventory problems and returning to sales growth, while remaining far cheaper than its rival. It spent about four years on the inventory repair and cut prices on more than 10,000 products. x.com
Target's turnaround continues with a solid beat and raise. Same-store sales rose 3.8% and transactions 3.6%, with higher gross and operating margins. Guidance moved higher, beating a high bar, with a 120 bp increase in operating margin. x.com