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TGT

THE WEEK AHEAD: PDD, BIDU, TGT, NVDA, LOW EARNINGSEARNINGS: PDD (72/92): Friday, before market open. BIDU (81/61): Monday, before market open. TGT (55/49): Wednesday, after market close. NVDA (51/62): Thursday, before market open. LOW (51/63): Wednesday, after market close. Both PDD and BIDU are ADR's, so look to put on plays post-announcement to catch earnings afterglow, if at all. The dates of their announcements tend to be "soft," meaning they're subject to change, and there's nothing more disconcerting than putting on a volatility contraction play, only to have earnings not occur when they're initially supposed to. Pictured here is an NVDA short strangle in the June cycle with break evens wide of one standard deviation. Off hours, it's pricing out at 10.35, but markets are wide. Because it's rather large, consider going iron condor, looking to collect at least one third the width of the wings in credit (e.g., the June 19th 275/280/405/410, paying 1.73 at the mid price). SECTOR EXCHANGE-TRADED FUNDS, ORDERED BY RANK AND SCREENED FOR >30-DAY IMPLIED: SLV (57/41) EWW (56/46) GDXJ (51/61) SMH (49/49) GDX (44/51) XLE (44/52) EWZ (44/60) EEM (44/60) XLU (42/31) XOP (34/67) USO (13/78) BROAD MARKET, ORDERED BY RANK: IWM (60/47) TQQQ (53/99) EEM (43/34) QQQ (36/32) SPY (33/31) IRA DIVIDEND-PAYERS ORDERED BY RANK: IYR (61/44) EWA (49/42) EWZ (44/60) EEM (43/34) XLU (42/31) EFA (38/28) HYG (34/19) SPY (33/31) EMB (27/22) TLT (24/20) With acquisitional plays for a retirement account, it's not necessarily "all about the premium"; it's partly about price, so it will pay to look at a few charts to determine which of these are trading at a discount relative to where they've been. That being said, having a higher background implied is of benefit, since it will result in a lower break even relative to strike price than were implied not as high and getting in lower is always better in the retirement account. For instance, I'm not in "acquisition mode" for TLT, not only because of its low implied, but because it's at or near all-time highs, moves inversely to yield, and doesn't necessarily have all that much room to move higher given the current interest rate environment. Conversely, EMB and HYG implied aren't all that great (treasury and/or bond funds are not known for having high volatility, generally), but both got absolutely crushed in the mid-March closely correlated sell-off, so I could see selling out-of-the-money puts in those instruments, assuming they were at levels I'd be comfortable with acquiring. (See HYG, EMB Posts Below). Granted, these are large ticket items and not everyone is going to be able to go out there and sell a three-rung, SPY 16 delta short put ladder; the price tag is hefty. However, implied metrics can be informational for even those with smaller accounts. At the very least, these metrics are saying: "Look at me. I'm moving", and -- in the vast majority of cases -- they say, I've moved lower and that this may be the time to pick up some shares, even if they're fractional. Over time, fractional shares aggregate into one lots that you can proceed to cover and reduce cost basis more efficiently, as well as generate cash flow on top of dividends.
NASDAQ:NVDA
by NaughtyPines
Buy TargetTarget Corporation (NYSE: TGT) Target Corporation is a well known discount store that been around over 100 and went public around 1967. JesusTrade Score: Buy Scale Score Risky (7/10) Portfolio Hold: Monthly Swing Fundamental Reasoning: With earning around the corner, their numbers need to be payed attention (up the trade score due to earning being need). Year over year, store sales are up 20% and online sales up 200% April 2019 compare to April 2020, Target store sales are up 5% and Online sales up 4%. With rumor of recession around the corner and COVID-19 still active. This should be a good pick up.
NYSE:TGTLong
by Jesus_Trade
3
$TGT Trading At Key Trendline Support$TGT has sold off to key trendline support and this is a dip worth buying. There's a lot to like with $TGT. Target (NYSE:TGT) says it has been experiencing unusually strong traffic and sales as customers stock up on items like food, medicine, cleaning products and pantry items. As a result, the retailer is adjusting the expected timing of some of its strategic initiatives, to support the team and minimize potential disruptions in their work. Target now expects to do 130 store remodels in 2020 vs. the previous expectation of ~300 and open 15 to 20 new small format stores this year vs. the 36 previously announced. Target says comparable sales are more than 20% higher Y/Y in March so far, with comparable sales in essentials and food & beverage up more than 50%. During that same period, comparable sales in apparel & accessories are down more than 20%. The retailer warns that continued sales declines in higher-margin discretionary categories could result in lower-than-expected gross margin dollar performance for the remainder of the quarter. Target is pulling guidance due to the unusually wide range of potential outcomes for Q1. The company is also suspending share repurchase activity in the current environment. Credit Suisse digs into Target (TGT -6.7%) after the company was one of the first large retailers to provide an update on financial performance since COVID-19. CS points to Target's significant sales upside due to essentials/food purchases, but also notes the higher costs that limit the short-term EPS upside. "These are not data points that can be extrapolated forever, but we believe that the longer-term implications are more positive in our view, given TGT's ability to fulfill such significant demand," writes analyst Seth Sigman. The firm keeps an Outperform rating on Target and price target of $125 (33% upside potential). As always, trade with caution and good luck to all!
NYSE:TGTLong
by OptionsGains
3
THE WEEK AHEAD: TGT EARNINGS; XLE, XOP, EEM PREMIUM SELLINGEARNINGS: TGT (93/52) and COST (91/44) announce earnings next week, with a directionally neutral TGT short strangle shown here paying 3.87 at the mid price, delta/theta 1.01/9.64. EXCHANGE-TRADED FUNDS ORDERED BY RANK AND SHOWING THE FIRST EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS GREATER THAN 10% OF THE STOCK PRICE: XLE (99/55), April XOP (97/79), April XMH (95/54), April FXI (95/40), May GDXJ (95/50), April EWW (95/43), April USO (91/48), April EWZ (90/48), April GDX (89/46), April XLU (88/26), June BROAD MARKET ORDERED BY RANK AND SHOWING THE FIRST EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS GREATER THAN 10% OF THE STOCK PRICE: EFA (100/38), June EEM (95/44), April IWM (88/42), April QQQ (83/47), April SPY (80/42), May FUTURES ORDERED BY RANK: /GC (100/20) /ES (113/40) /CL (100/51) /ZC (68/18) /SI (68/28) /NG (67/49) /ZW (11/28) VIX/VIX DERIVATES: VIX finished the week at a whopping 40.11 with the /VX term structure in backwardation, so it's an opportunity to add short call verticals or long put verticals in VXX and UVXY if you haven't already done so. For existing spreads (I've got a few), I'll be looking to play the elevator up/down game, rolling the long call aspect of my VXX credit spreads up to lock in profit on that side of the trade and improve my break even. In all likelihood, these will eventually require rolling out for duration come April opex due to the location of the short leg, but I'm fine with that. Pops can happen while you have these on, and you just need to be patient and make the best of them ... . GENERAL MUSINGS: For people who are into selling premium and who had large amounts of cash sitting on the sidelines, this is your "kid in a candy store" moment. Non-single name premium selling has finally become productive in that 45 day wheel house, even in broad market, where we were looking at going grotesquely long in duration last week to get paid. For those who had longer-dated premium selling setups on before this volatility expansion (points at self), well, I feel your pain. Be patient and mechanical, and some of that pain will inevitably give way to a volatility contraction going forward.
NYSE:TGT
by NaughtyPines
1
Buy TGT @ $113-$114 till 03/09/2020Buy Target Corp at current price of $113-$116 (Avg $114) and hold it approximately till 09.03.2020 to take at $125.0 (+9,6%). Reason of the exact date of 03/09/2020 - is the Avg expected Value (Return) equal to 0.21% daily. So in average the stock will grow by 0.21% daily. I am sure the stock will rise because of the next reasons: 1. sustainable large company one of the leaders in the industry in USA 2. the price plunge is due to the company slightly less than expected forecast for upcoming 4q statement 3. the stock is considered as defensive assset (a.k.a. safe heaven) 4. the stock price is very cheap Although, the price can slump down to $105 per share, so my recommendation is to take more on that level. If it slumps to $105, the average price will be $109,5 stop-loss at $103 (-6%), take profit at $125 (+14%). Have a Good Luck!
NYSE:TGTLong
by Dolmatin1919
TGT - Gaps to Fill Down - Earnings Miss - Trade Cautiously Waiting for confirmation break of white trendline to enter bearish. Trade Entry Will update with specifics once trend breaks. Chart Details Earnings miss on TGT caused gap down, almost filling top gap in chart. Other large gaps down to $73. Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”. Must confirm break of channel to indicate entry for downtrend. About Me 2 WEEK FREE TRIAL MEMBERSHIP UNTIL 2/15/2020 www.moneypatterns.com Options Strategies, Video Technical Analysis, Daily Updates, Subscription Memberships, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, SHAK Bullish, MCD Bullish, LEVI Bullish
NYSE:TGT
by MoneyPatterns
3
TGT - From Outter Space - 45 Year Log Chart - Part 2 of 2Daily view shows that short term we are overbought. Weekly view better confirms TGT overbought with RSI trend maxed out, Fisher Transform making wedge pattern, with next trend being bearish. Based on the chart, I see we pullback to close the first gap (red box) which lands on the white line channel. Then ride white channel up for a week or two, fall back into the second white channel, and then continue up to yellow top resistance line. TGT moves VERY SLOW. Basically: - short term BEARISH - overbought RSI, pullback to red box. - intermediate term BULLISH - until possibly May 2020. Some pullbacks in between. - long term BEARISH - after price hits yellow resistance. This is best time to enter in my opinion. Knowing the only direction next is down. Again, TGT is slow so it is best to plan entries on a weekly chart. You may be in this position longer than expected. I am not in the position currently. If I enter, I will update charts. I really apologize for yesterday after positing Part 1 of 2. I was notified that no user is allowed to post over 10 charts per day. I would not have posted Part 1 without Part 2. I did not know about the 10 chart limit. This will not occur again. Thank you for your support. The yellow resistance lines are strong support as seen in the Part 1 of 2 chart below. I consider 45 years strong. LOL Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
NYSE:TGT
by MoneyPatterns
TGT - From Outter Space - 45 Year Log Chart - Part 1 of 2TGT currently looks to be one of the only retailers with positive returns currently. The log chart shows a 45 year history where the support and resistance have many points of contact. This strong support and resistance implies that the current trend will end when we get to top resistance. The length of this current log trend from 1970's to 2020 shows the pattern leveling off. This means we could see either a break down or break up in the next upcoming years. I will update this chart with Part 2 of 2 showing daily price action. Daily price action looks ready to short or buy puts soon. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
NYSE:TGT
by MoneyPatterns