Shares of Target (TGT) are trading higher on Tuesday as the company posted its fourth quarter earnings, easily beating Wall Street expectations on both the top and bottom lines. The company also revealed adjusted net earnings jumped 57.8% year over year to $1.38 billion. Target COO and CFO Michael Fiddelke joins the Live show alongside Yahoo Finance Executive Editor Brian Sozzi to discuss Target’s performance and how the company has organized its business model and inventories for better… Source link
Read More »Tech shows it’s key to bringing market out of tough start to 2024
The key drivers of the late 2023 stock market rally have faded. With investors increasingly questioning when the Federal Reserve will cut interest rates, the so-called “soft landing” trade which saw investors pour into interest-rate sensitive sectors has stumbled to start 2024. That raises the question of what the next catalyst is — and investors may not need to look further than the tech sector (XLK). Despite the recent craze over small caps and other hot trades that could benefit from… Source link
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