Target Looks Oversold With The Post-Earnings Drop

07:33pm, Wednesday, 16'th Nov 2022
Target shares fell more than 13% after missing earnings expectations for Q3. Earnings have been disappointing for the past three quarters as the company deals with inventory and product mix issues.
Full year 2023 earnings estimates have been coming down after peaking in mid-April, with the aggregate total down -8.4% from the peak for the index

Markets Slip This Hump Day; NVDA, CSCO Beat

07:33pm, Wednesday, 16'th Nov 2022
We continue to root for cooler economic data and trimmer guidance from reporting companies -- the better to keep the Fed from raising rates another 75 bps in 4 weeks.
Steve Weiss, Short Hills Capital, joins 'Closing Bell: Overtime' to discuss retail stocks heading into the holiday season.
Josh Brown, Ritholtz Wealth Management co-founder, joins 'Closing Bell: Overtime' to discuss NVIDIA ahead of its earnings report and retailers Target and Walmart.
Chris Horvers, JPMorgan analyst, joins 'Closing Bell' to discuss Target shares plummeting after a profit decline report.
The chief financial officer of Target Corporation, Michael Fiddelke, said on Wednesday that store theft has hurt the retail giant's gross profit margin.

Target Stock Down 13%, But It's a Great Buy Today

04:15pm, Wednesday, 16'th Nov 2022
Target's problems are temporary and it's business is hitting on all cylinders.
Target's earnings woes spilled over to shares of toy makers Hasbro and Mattel after the retailer said it saw a sharp slowdown in toy sales in October.
CNBC.com's Melissa Repko joins 'Power Lunch' to report on Targets earnings miss, the pullback in consumer discretionary spending and the differences between Target's product offerings versus Walmart.
The contrast between Walmart and Target's reports could speak to the bigger trends at play in the U.S. economy and the tightrope it has to walk.
"At Target, year-to-date, incremental shortage has already reduced our gross margin by more than $400 million," Target CFO Michael Fiddelke said
Yahoo Finance's Ines Ferré breaks down Target's profit miss in the third quarter, theft by organized groups, and the market's reaction.
CNBC's Halftime Report Investment Committee discusses the group's thoughts around the retail sector.

Retail earnings reveal a mixed picture

01:27pm, Wednesday, 16'th Nov 2022
Evercore Analyst Greg Melich joins 'Squawk on the Street' to discuss retail earnings numbers, softening of discretionary spending in retail, home improvement demand spikes, and the continued consumer
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