Tag Archives: target

The Grinch might be a short-seller this Christmas season. Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure. In early afternoon trading, shares of Macy’s (M) were off 3.9%, while shares of Target (TGT) and Abercrombie & Fitch (ANF) were down more than 4%, among other notable names underperforming in… Source link

Netflix (NFLX) stock sank 7% in early trading on Thursday after a new report from Digiday said the streaming giant is falling short on viewership guarantees it made to advertisers for its new ad-supported tier. According to Digiday, which cited five agency executives, Netflix is now allowing ad buyers to take their money back after missing viewership targets. The company reportedly only delivered around 80% of the expected audience. Yahoo Finance reached out to Netflix for comment but did not… Source link

U.S. stock futures slumped Wednesday morning as Wall Street weighed an earnings warning from retail bellwether Target against government retail sales data that showed robust consumer spending ahead of the key holiday season. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) hovered below the flatline, while contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.2%. The Commerce Department said Wednesday retail sales jumped 1.3% in October as… Source link

Whether you’ve played Daily Fantasy on Yahoo before or are giving it a try for the first time, this weekly column will take an early look at the DFS landscape, revealing whom I like building lineups around, stars to fade, undervalued plays and bargain bin options to help you construct a better team. Lineup building blocks Jalen Hurts ($39) vs. Pittsburgh Steelers Hurts stands out in a DFS slate missing Josh Allen, Lamar Jackson, Justin Herbert, Patrick Mahomes and Joe Burrow. The Steelers… Source link

Whether you’ve played Daily Fantasy on Yahoo before or are giving it a try for the first time, this weekly column will take an early look at the DFS landscape, revealing whom I like building lineups around, stars to fade, undervalued plays and bargain bin options to help you construct a better team. Lineup building blocks Lamar Jackson ($40) vs. Cleveland Browns Jackson has totaled just three touchdowns over the last three weeks after ripping off 12 scores over the first three games of the… Source link

In the Yahoo Fantasy Football Forecast, Matt Harmon, Scott Pianowski and Andy Behrens debate if Indianapolis Colts WR Alec Pierce is a good players for fantasy managers to target for the rest of the season, and debate if Matt Ryan causes worry for managers of Colts WRs. Video Transcript [AUDIO LOGO] MATT HARMON: Scott, we have a lot of questions about the Colts overall, but I know you want to highlight someone in particular. SCOTT PIANOWSKI: As far as the Colts go, I actually love the Colts in… Source link

(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link

JPMorgan’s North American equity team is lowering its price target for shares of Coinbase Global from $78 to $60 for December. The publicly listed crypto exchange draws the majority of its revenue from U.S. crypto trading levels, meaning its third and fourth quarter earnings hinge on crypto trading interest. “We think pressure on Coinbase revenue from falling cryptocurrency markets will pressure the stock price,” JPMorgan analysts wrote. Shares of Coinbase Global (COIN) sold down from… Source link

(Reuters) -Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance. Analysts at Goldman Sachs wrote in a note late Thursday that the expected path of interest rates by the central bank is now higher than its previous estimate. Their previous target was 4,300 points. The benchmark index last closed at 3,758 points. “Based on our client… Source link

Walmart (WMT) may have an edge over its competition, Target — selling gasoline. Walmart+ members can save 10 cents a gallon at a number of participating Walmart, Murphy, Exxon and Mobil (XOM) stations nationwide. “This is actually Walmart’s secret ingredient over Target,” Jharonne Martis, director of consumer research at Refinitiv. In Walmart’s second-quarter fiscal 2023 earnings results, year-over-year sales grew 6.5%. This quarter alone, membership income grew 25.6%, according to… Source link