I retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefer to hold positions for the long-term unless there is a compelling reason to sell. I look for investment opportunities without regard to asset class, market cap, secto ...

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value."Prices have gotten so high over the past few years that we're losing our loyalty to brands," he said. "These days, this whole country is about one thing: The Benjamins."Cramer used this dynamic to explain recent quarterly results from Target, which reported its largest revenue miss in two years, sending shares down more than 21% to hit a new 52-week low. The big box retail ...

Key TakeawaysThe S&P 500 was flat on Wednesday, Nov. 20, as markets braced for afternoon earnings news from AI chip powerhouse Nvidia, the world's highest-capitalized company.Target shares plunged as the retailer missed quarterly estimates, noting cautious consumer spending behavior.AI investments helped electronic testing supplier Keysight top quarterly expectations, increasing its shares. Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly ...

Advertisement Target's third-quarter results came up short, with sales growth of 0.3% from last year.The company described a shift in consumer spending from "resilient" to "resourceful."Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said.Target has described US households as "resilient" in recent quarters. Now, the retailer is rolling out a new descriptor for shoppers this fall: "resourceful."Looking to stretch their budgets just a little fa ...

Based on the market reaction, it seems the third quarter couldn't have gone worse for discount retailer Target (TGT -20.56%). And that initial response looks about right. The company missed third-quarter revenue and earnings estimates and slashed its full-year guidance.It was the biggest earnings miss for the company in two years. And the stock got rocked. Shares were holding near session lows down a whopping 21.6% as of 12:40 p.m. ET. But amid all the negativity, there might be room for investors to benefi ...

As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value.“Consumers tell us their budgets are being stretched,” Cornell said Wednesday (Nov. 20) during the company’s third-quarter earnings call. “They’re becoming resourceful, focusing on deals, then stocking up when they find ...

Key TakeawaysInflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said.People haven't had such a strong reaction to promotions in a while, the retailer said.Fewer big-ticket discretionary items are selling, but people are still looking for small splurges. Target shoppers are all-in on deals. Customers are taking a calculated approach to shopping, Target (TGT) said, noting as it reported its latest financial results that its customers have said their budgets rema ...

Target Corporation TGT shares are trading lower on Wednesday after it reported weak third-quarter results and slashed FY24 outlook.The company reported third-quarter adjusted earnings per share of $1.85, missing the street view of $2.30.For FY24, the company now forecasts adjusted EPS between $8.30 and $8.90, down from the previous guidance of $9.00 to $9.70. The revised FY24 EPS outlook is also below the consensus estimate of $9.55.Here are the analyst’s take on the earnings performance:JP Morgan analyst C ...

Target's stock price has fallen after a challenging financial update. (Photo by Robyn Beck / AFP) ... [+] (Photo by ROBYN BECK/AFP via Getty Images)AFP via Getty ImagesTarget Corp. has reported disappointing third-quarter earnings and revenue despite price-cutting efforts across the board and early holiday promotions.And the Minneapolis-based retailer was hardly helped by far more rousing results from rival and retail titan Walmart.The discount general merchandiser, which posted its biggest miss in earnings ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...