20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Target Corp (NYSE:TGT) shares are trading lower by nearly 7% over the trailing five sessions amid recent mixed earnings in the retail sector. Retail stocks initially fell this week after Dick's Sporting Goods lowered its guidance.
Dick's guidance reduction could reflect lower consumer confidence or spending. This sentiment could extend to Target, as both companies have sporting goods segments that target similar demographics. Investors might worry that consumers are cutting back on discretionary spending, which could negatively impact Target's sales and growth prospects.
What Happened With Dick's?
Dick's Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion.
Comparable store sales increased 1.8% versus a 5.1% decline a year ago.
Gross profit margin contracted 160 basis points Y/Y to 34.4%. The operating margin contracted 510 basis points to 9.7%, and operating income for the quarter fell 32.3% Y/Y to $311.8 million...Read More
According to data from Benzinga Pro, TGT has a 52-week high of $181.70 and a 52-week low of $120.75.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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