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TGT

Target - Corporate earnings season resemblant of the bear marketYesterday, Target announced its earnings for the third quarter of 2022. The report outlined softening sales and profit trends with downgraded guidance going forward. Total revenue and cost of sales increased year over year, while net earnings and EPS fell dramatically for that same period. Subsequently, shares of Target fell more than 13% in the pre-market trading. Target is yet another company that fulfills our prediction about a weak corporate earnings season and progression into the second phase of the bear market. We expect this trend to worsen in the next earning season and further enforce our thesis. Total revenue = $26.518 billion (+3.4% YoY) Cost of sales = $19.680 billion (+8.1% YoY) GAAP Earnings per share = $1.54 (-49.3% YoY) Operating income = $1.022 billion (-49.2% YoY) Net earnings = $712 million (-52.1% YoY) Illustration 1.01 The image above shows the daily chart of Target. Yellow arrows indicate previous earnings reports and subsequent price action. Technical analysis - daily time frame RSI and Stochastic reversed to the downside. MACD flattens, and if it breaks below 0 points, it will bolster the bearish case. DM+ and DM- performed a bearish crossover. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic show signs of exhaustion. DM+ and DM- are bullish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:TGTShort
by Tradersweekly
6
TGT: Bullish outlook!Target Short Term - We look to Buy at 171.59 (stop at 159.63) This stock has recently been in the news headlines. Price action has broken from the previous formation. A weaker opening is expected to challenge bullish resolve. Neckline support is 170.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 170.00, resulting in improved risk/reward. Our profit targets will be 199.21 and 210.00 Resistance: 200.00 / 210.00 / 250.00 Support: 170.00 / 140.00 / 90.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:TGTLong
by VantageMarkets
$TGT back to 200?? Going into this and next week for a swing trade, I really like Target, especially on an earnings play. We have a nice continuation/ bullish trend on our linear regression channel, money momentum has been shifting higher over the past few days, along with a key EMA crossover to the upside, and we have our green middle band (indicating bull market momentum). We also had a break of structure to the buy side, and I like the continuation of this previous high break. Fundamentally, Wells-Fargo upgraded $TGT to $195, and we have dividends and a potentially positive earnings report due on Wednesday. Will this be the spark $TGT needs to fill the gap to $212?!
NYSE:TGTLong
by cj-
TGT: All levels of interestTGT (Target), consumer defensive play crashing on bad earnings and inflation concerns.... Weekly chart. Now oversold. Can we go lower? Here are the levels I'm watching to enter: - 139.30: I'll be buying if we reach that level. If it holds it will be a long term investment for me. If it just bounces and drops, I'll be selling and looking for the next level. - 90-82: is the second zone of interest I'm watching. If we reach this zone I'll buy stocks as a long term investment. Trade safe.
NYSE:TGT
by Elpidaldo
TGT Target first Earnings Miss since Q3 of 2018TGT Target CEO Brian Cornell: "We never expected the kind of cost increases in freight and transportation that we're seeing right now". Net Sales: $25.17 billion vs. $24.47 billion estimates Gross Margin: 25.7% vs. 29% estimates Diluted EPS: $2.19 vs. $3.07 estimates TGT Target continues to expect low-to-mid single digit percentage sales growth this year. My price target is $149 and ultimately the pre-pandemic level of $130. Looking forward to read your opinion about it.
NYSE:TGTShort
by TopgOptions
1
TGT Beautiful Holds... LOOK for these in 2022Beautiful holds (THREE TIMES) on TGT level... Post-earnings 50% Pullback. These will be the opportunities to look for in 2022 ... when the market is slowly bullish you have to find opportunity in individual stocks around earnings! Any by "around earnings" NOT the day before!!! 😠 It means getting in weeks prior for runups and weeks after for pullbacks 👍 Earnings season Q2 is fast approaching now... draw your levels and set your alerts!
NYSE:TGTLong
by norok
1