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TGT trade ideas

TGT 5M Long Aggressive DaytradeAggressive Trade - short balance - volumed expanding ICE + biggest volume Sp + weak test - above first bullish bar close entry Calculated affordable stop limit 1 to 2 R/R take profit Hourly context: "+ long impulse + 1/2 correction" Daily context: "- short impulse + biggest volume T1 + support level + volumed 2Sp+ + weak test" Monthly context: "+ long impulse + SOS level + support level + close to 1/2 correction" If the day closed bullish I'll double up TGT @NYSE Sell Limit 146.11, GTC TGT @NYSE Sell Stop 141.69 LMT 143.16, GTC
NYSE:TGTLong
by MishaSuvorov
1
Will TGT Reverse To The Upside?When analyzing TGT, there is a clear fresh weekly low on the RSI in October of 2023. That said, TGT is a prime target for a Elliot Wave Forecast. The big question when forecasting TGT, is if the wave two pullback, that started in April of 2024, is complete? Based on last week’s weekly candle structure, we see a high probability that a reversal off $138 zone support is in play, marking the bottom of wave two. The MACD is also indicating that weekly momentum to the downside took a hit last week. Combine the MACD with the chop index indicating that market participants want to see this ticker move, we believe there is enough evidence here to put out a solid preliminary forecast.
NYSE:TGTLong
by BlueLineTradingLLC
Target Shares Slides 7.38% After Inflation Hurts EarningsTarget's first-quarter earnings and sales fell by 7.38% due to inflation, causing shares to fall in pre-market trading. Adjusted earnings per share were $2.03, down from $2.05 year on year and worse than analysts expected. Total revenue was $24.53 billion in the first quarter ended May 4, down 3.1% from $25.32 billion in the same period last year. First-quarter comparable sales were down 3.7%, marking the fourth straight quarter of decline. The slowdown in sales was primarily in discretionary categories like home decor and electronics but partially offset by a continued growth in beauty. Target's net income came in weaker, at $942 million compared to $950 million in the same quarter in 2023. The number of transactions and average amount spent at Target stores ( NYSE:TGT ) and digital channels were both down 1.9% in the first quarter, compared to a traffic growth of 0.9% and a decline of 0.9% in average transaction amount in the comparable period last year. Target stock was down more than 9% to about $141 per share in Wednesday’s pre-market trading, following Wednesday’s report. Target's ( NYSE:TGT ) revenue fell slightly last year for the first time in seven years following a weaker growth in visitor numbers that hit retail businesses across the United States. In March 2024, the big-box retailer re-introduced its free loyalty program, Target Circle, and launched a paid membership program that allows customers to get free same-day delivery on orders over $35 in as little as an hour at $99 a year. These initiatives were aimed to stimulate demand and rival existing paid membership programs by Amazon Prime and Walmart+. Target shares ( NYSE:TGT ) slipped ahead of markets opening Wednesday after the retailer reported first-quarter results, with revenue meeting expectations but declining 3% year-over-year. Despite posting a slight earnings beat for the quarter, Target's second-quarter and full-year profit guidance ranges were mostly below estimates. The company said it is still feeling the impact of shoppers lowering their discretionary spending, but added that "discretionary sales trends continued to improve" from previous quarters.
NYSE:TGT
by DEXWireNews
5/21/24 - $tgt - leaning long biased into tmr AM print5/21/24 - vrockstar - NYSE:TGT - tough setup, unclear if i'll participate on tmr's AM print. on one hand, the trends look incrementally better than NYSE:WMT which surprised (as the retailer has been absorbing even mid-higher end customers), multiple (adjusted for debt) is modestly above 20x PE which is reasonable for this type of scale (staple-ish) retailer, and 4+% fcf yield seems cheap in this neva-stop-wont-stop-print-4-eva-tape. on the converse, the tgt demo reminds me of NASDAQ:SBUX + NASDAQ:LULU + $ulta... and that freaks me out from the long side given how these stocks have reacted. the counter point to this, however, is NYSE:TGT really is the lower end of all of these customers - so just like NYSE:WMT absorbed some trade down, it wouldn't be unreasonable for NYSE:TGT to benefit in the same vein. i'm biased long into the print, but might need someone to tip my scales if u have an opinion leave a comment and let's sort this out
NYSE:TGTLong
by VROCKSTAR
4
TARGET $TGT - Mar. 25th, 2024TARGET NYSE:TGT - Mar. 25th, 2024 BUY/LONG ZONE (GREEN): $170.50 - $184.00 DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50 SELL/SHORT ZONE (RED): $150.25 - $163.25 Weekly: Bullish Daily: Bullish 4H: Bullish NYSE:TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break back above structure to create a new bullish zone to begin looking for entries. The DNT zone is marked in the event of a breakdown of the bullish structure. The bearish trend would begin at the bottom of the overall structure of the previous bear leg. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trend analysis, technical indicators, support and resistance, targetstock, tgtstock, NYSE:TGT , tgt, target, retailstocks, supermarketstocks, walmart, costco, NYSE:WMT , NASDAQ:COST , targetanalysis, targettrend, targetlong, targetshort,
NYSE:TGTLong
by TonyAiello
Target Beats Expectations Despite Sales Dip.Target Corporation ( NYSE:TGT ) has defied expectations with its latest earnings report, showcasing resilience in the face of challenging market conditions. Despite a dip in holiday sales, the retail giant reported a surge in earnings for the fourth quarter, surpassing analyst estimates and instilling confidence in investors. As the company sets its sights on 2024, it unveils ambitious plans to boost store traffic and reignite sales growth through innovative strategies. Earnings Surge Amidst Sales Decline: In a surprising turn of events, Target ( NYSE:TGT ) reported a significant increase in earnings for the holiday quarter, with adjusted earnings per share (EPS) reaching $2.98 compared to $1.89 in the same period last year. This remarkable surge comes despite a 4.4% decline in comparable sales, which was lower than the 4.6% decline anticipated by analysts. The company attributes this resilience to a recovery in online sales, driven by a robust Black Friday and Cyber Monday performance. Strategic Initiatives Driving Growth: Target's success can be attributed to its strategic initiatives aimed at enhancing customer experience and driving sales. The introduction of same-day pickup services, such as Drive-up, has proven to be a game-changer, accounting for more than 10% of total sales in the quarter. Furthermore, the rollout of new product collections and the launch of a membership program are expected to further stimulate spending at Target stores. Navigating Challenges and Embracing Opportunities: Despite facing challenges such as inflation and retail crime, Target remains steadfast in its pursuit of growth. By focusing on expanding its product offerings and improving service offerings, the company aims to capitalize on emerging opportunities in the retail landscape. Additionally, Target's commitment to innovation, as evidenced by its consideration of a new paid membership program, underscores its determination to stay ahead of the curve. Outlook for 2024: Looking ahead, Target ( NYSE:TGT ) projects adjusted earnings between $8.60 to $9.60 per share for 2024, signaling confidence in its ability to sustain profitability amidst evolving market dynamics. Furthermore, the company expects annual comparable sales to be flat to up 2% this year, demonstrating optimism regarding its sales recovery trajectory. Investor Sentiment and Market Analysis: Target's upbeat earnings report has elicited a positive response from investors, with shares surging by as much as 11% in premarket trading. Despite some moderation in gains, the stock remains undervalued, trading at a favorable forward earnings multiple. This indicates potential upside for investors and reflects market confidence in Target's long-term growth prospects. Conclusion: In conclusion, Target's ( NYSE:TGT ) stellar performance in the face of adversity underscores its resilience and adaptability as a retail powerhouse. With a clear focus on driving innovation, enhancing customer engagement, and delivering shareholder value, the company is well-positioned to navigate challenges and capitalize on opportunities in the dynamic retail landscape.
NYSE:TGT
by DEXWireNews
TGT - Analysis on recent strong moves - what we need to move upWelcome back to the trading floor traders! Our favorite place to be... On Target, we are likely going to need some further liquidity to be built for the bulls to continue moving this up the way they have been - if this is the case, it will happen using our teal and orange controlled selling algorithms. First we will look for yellow strong buying continuation to hold price and attempt a retest of our $153 high - but a break of yellow and we are then looking for confirmation of sell-side tapering via our teal channel. Note: $150 is a strong level that could give us a reaction and quick bounce but in order for new highs to continue to be created we will need to continue to use our controlled selling algos to do that. Keep you posted here as price develops! Also please join me at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community. Happy Trading :)
NYSE:TGTLong
by ReigningTrades
Falling wedge on the weeklyI am back! It's been more than a year since I posted on Tradingview. Now, I am back with a slightly different strategy. Most of the ideas I post, won't solely be justified on the technical look, but technical and fundamental outlook. In each case, I will mark whether it ticks one or both boxes. As you can see, the first idea is Target, which was beaten down over the last two years. After some time, it formed a "Falling Wedge" pattern and broke out with high volume. Both are bullish signs. Now it is going sideways. I believe it is collecting energy for the next move upwards, to which, earnings (05 Mar.) could be the catalyst. The price target is 181.92 (R1 Pivot) - 25% upside potential Support sits at 142.67 (P Pivot) Support 2: 132.12 (Volume profile - Point of Control) - 9.22% downside potential Open P&L: 2.82 Technicals: ✅ Fundamentals: ✅ The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product!
NYSE:TGTLong
by benedekdomotor
4
Great run up, now time to SHORT! TGTTGT has reached a resistance point, and revenue/EPS growth has gone negative this year. It's got a little debt but not being a growth company like many have speculated it is, is my fundamental catalyst for shorting this. From a technical standpoint it also looks like a good risk/reward to be short this stock. There is a large gap from earnings that needs closing as well. Those would be price targets if you decide to take this trade. Cheers
NYSE:TGTShort
by DontSlamTheDoor
1