2 Retail Stocks Shake Up Sector After Earnings

10:05am, Wednesday, 16'th Nov 2022
Target Corporation (NYSE:TGT) and Lowe's Companies Inc (NYSE:LOW) both reported third-quarter financial results before the open today.
The retailer said it has lost $400 million in gross profit margin this year.
Despite Target's weak earnings, "the October retail sales report underscores that a more discerning US consumer continues to spend," LPL said.
Nov 16 (Reuters) - U.S. stock indexes were set to open lower on Wednesday after top retailer Target's dour holiday forecast stoked fears of inflation hurting a crucial business season for retailers.
'Mad Money' host joins 'Squawk Box' ahead of the market open on Wednesday to react to Lowe's and Target's latest quarterly earnings reports.
Target said sales and profit trends "softened meaningfully" in the third quarter, setting up a bleak view for the key holiday quarter.
The latest retail data reveals the “precipitous decline” in consumer spending seen by Target may not mean a painful holiday season for all retailers.

A Tale Of Two Retailers

09:19am, Wednesday, 16'th Nov 2022
On the earnings front, yesterday both Home Depot and Walmart reported better than expected earnings.

Target (TGT) Lags Q3 Earnings Estimates

09:02am, Wednesday, 16'th Nov 2022
Target (TGT) delivered earnings and revenue surprises of -28.37% and 0.62%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
Direct Line PLC remained in favour at RBC Capital Markets although the broker did lower its price target for the online insurer. “The UK Motor market remains structurally challenged with the turnar
Stephanie Link, chief investment strategist at Hightower, joins CNBC's 'Squawk Box' to react to Target's mixed third-quarter earnings report.
Shares of Target Corp. took a nosedive Wednesday after the discount retailer reported yet another big earnings miss even as revenue beat, as higher markdown rates and a more cautious customer hurt pro
Target's profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday.
Michael Lasser, Equity Research Analyst at UBS, joins Worldwide Exchange to discuss Target's third quarter earnings.
CNBC's 'Squawk Box' team breaks down Target's mixed third-quarter earnings report. The company's reported $1.54 in earnings per share fell below Wall Street's estimates.
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