Previous close | 20.45 |
Open | 20.75 |
Bid | 22.45 |
Ask | 23.00 |
Strike | 160.00 |
Expiry date | 2023-01-20 |
Day's range | 20.60 - 22.35 |
Contract range | N/A |
Volume | |
Open interest | 300 |
Concerns about high inflation and rising interest rates have hit retail stocks particularly hard in recent weeks. Target (NYSE: TGT) disappointed investors when higher-than-expected costs hurt profitability in the first quarter. Target reported its 20th straight quarter of sales growth.
You look at the gas tank, and it's almost empty due to inflation. As the S&P 500 hits a 20% decline, the thought of being in the clutches of the first bear market since the COVID-19 pandemic's onset in March 2020 is a reality. One is to latch onto companies that have been consistently increasing annual dividends for over 50 years -- the Dividend Kings -- providing passive income that can act as cover during a severely depressed market and benefit investors for the long haul.
The savings rate is under pressure, but consumer spending is expected to hold up even with inflation surging.