Many people get into the stock market to build generational wealth. And although nothing is guaranteed, the historic performance of the stock market suggests it is one of the best vehicles to compound returns over time.
With stocks pulling back recently and interest rates expected to continue moving higher, now is a great time to hunt for dividend stocks. The retail sector, in particular, has been hit hard by the macroeconomic environment as consumers have shifted spending to necessities and services like travel, cutting back on the discretionary items that were popular during the benefiting. It's been a rough couple of years for Target (NYSE: TGT).
Target (TGT) plans to close nine stores in four states owing to increased theft and organized retail crimes. It continues to invest in securing the safety of its stores and workers.