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Target (NYSE: TGT) is one of the best-known big-box retail giants. Let's discuss what is dragging the stock lower, and why Target is looking like a great dividend stock to buy now despite some concerns. Over the past month, its stock is drastically underperforming the S&P 500, the consumer discretionary sector, the retail industry, and even peers like Walmart (NYSE: WMT) and Costco Wholesale (NASDAQ: COST).
After a brutal 2022, the stock market is roaring in 2023, with the Nasdaq Composite up 26% and the S&P 500 up 11% year to date (YTD) at the time of this writing. Yet dig deeper and you'll find some peculiar price action in many well-known names.
The tailwinds of the pandemic have fully faded for retailer Target (NYSE: TGT). Comparable sales are flatlining, digital sales are slumping, and even the company's popular same-day services like curbside pickup are putting up tepid growth numbers. Target has made progress reducing inventory levels, but the company is now facing threats on multiple fronts.
Dollar General and Target shares are trading lower Monday morning as analysts downgraded the retail stocks, citing economic headwinds and fears of consumer of a slowdown in consumer spending. Yahoo Finance Live's Julie Hyman and Brad Smith break down what analysts are saying.
As the 2023 summer season approaches, Yahoo Finance's Brian Sozzi breaks down 5 stock market trends to watch this summer. Ben Laidler, eToro Global Markets Strategist, and Tom Essaye, Sevens Report Research Founder and President, join Yahoo Finance Live to discuss what they're watching this summer.
It's time to call out some trends to watch in the stock market before hitting the surf and sand.
Investing.com -- Stocks in focus in premarket trade on Monday, June 5th. Please refresh for updates.
Costco missed Wall Street's top-line estimates, but the reason why is what investors in the retail sector need to watch.
Target continues to be in focus by market goers, now for a new reason.
Advocates urge continued support of LGBT+ rights despite boycotts of brands such as Target and Bud Light
Last year, the three major U.S. stock indexes entered bear market territory. The one positive thing about a bear market is that it's an opportunity to snap up quality companies at bargain prices. Etsy's earnings soared during the earlier days of the pandemic, when people favored shopping online.
Investing.com -- Stocks in focus in premarket trade on Thursday, June 1st. Please refresh for updates.
Automation, Walmart's new fulfillment center and alternative businesses are just a few of the key agenda items analysts are planning to hear more about this week.
The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.
These stocks offer reliable ways to invest in the market while collecting a sizable stream of passive income.
Cowen Senior Research Analyst Oliver Chen joins Yahoo Finance Live to discuss the latest from the retail sector, including Costco's declining sales, the outlook for luxury brands like LVMH, and how theft is hurting big names like Target and Ulta.
RH continues its stretch of poor results, in part because of poor execution.
Comparable sales at Best Buy have fallen for seven straight quarters. The company thinks it's finally seen the worst of the declines.
Abercrombie & Fitch hit many of the right notes in the first quarter, to the surprise of investors.
Target (NYSE: TGT) and Home Depot (NYSE: HD) are two of the biggest and most recognizable retailers in the U.S. But they're both facing unique challenges today. In this video, Travis Hoium digs into which company is set to perform best long term, and the answer may surprise you.
Yahoo Finance Live anchor Diane King Hall discusses the rise of Dick's Sporting Goods stock on Q1 earnings, the company's growth outlook, and consumer spending trends.
Like every other retailer out there, Target (NYSE: TGT) hasn't been immune to the unfavorable macroeconomic environment. Inflationary pressures are hurting consumers' ability to spend. And inventory issues have resulted in unusually higher levels of markdowns.
Investing.com -- U.S. lawmakers race to secure a deal to lift the debt limit with a potentially catastrophic default looming only days away. Elsewhere, investors will be watching the release of fresh data on activity in the American service and manufacturing sectors, while Lowe's prepares to unveil its latest results as the quarterly corporate earnings season begins to ebb.
Coresight Research CEO Deborah Weinswig joins Yahoo Finance Live to discuss the state of the consumer, multi-brand retailers, what to expect from upcoming retail earnings reports, and retail inventory.
Yahoo Finance Live previews the week in retail earnings ahead of reporting from retail giants such as BJ's, Dollar Tree, and Costco.