Target Takes a Tumble on Weak Earnings and Forecast: Why it May Be Time to Sell TGT
Target (TGT) reported first-quarter results Wednesday that left much to be desired, sending shares tumbling lower. The company noted it is seeing a pullback in consumer spending. Revenue came in at $24.53 billion compared to $24.52 billion expected, narrowly avoiding a missing on the top line. However, the retailer did miss the bottom line estimate with EPS of $2.03 [...]
The Effect of China Selling Vast Amounts of U.S. Debt on the U.S. Stock Market
Undeniably, geopolitical tensions around the world are increasing - with the current trade war between China and the U.S. being a notable example. For instance, President Biden has recently imposed large tariffs on Chinese imports into America. Conversely, in the last seven months alone, China has sold $74 billion of U.S. Treasuries and agency debt, according to Bloomberg. Both [...]
Xpeng Gains 8% on Better-Than-Expected Q1 Results, But it May Not Be Time to Buy XPEV Yet
Xpeng Inc. (XPEV) got a solid lift Tuesday morning after the Chinese EV maker delivered first-quarter results well above expectations despite challenges in the industry itself. Sales came in at $907 million compared to just $573 million this time last year. Wall Street was expecting $859 million. The company did report a loss of 10 cents per share, but [...]
Nvidia is Rallying into Q1 Earnings – Should You Buy NVDA Before the Results are Released?
Wall Street darling Nvidia (NVDA) is set to declare its earnings results for the first quarter tomorrow on Tuesday, May 22nd. The stock is up more than 2% so far today and nearly 5% in the past week as shareholders are anxiously anticipating an earnings beat. According to one analyst, the writing is already on the wall and the [...]
Weekly Market Recap: Indices Rally Despite Rate Concerns
Monday: Mixed Start Wall Street began last week with mixed results as investors exercised caution ahead of key inflation data. The Dow dropped by 0.2%, the S&P 500 dipped slightly by 0.02%, and the Nasdaq managed a 0.3% gain. Tuesday: Optimism on CPI Data Anticipation of the Consumer Price Index (CPI) release boosted the Major Indices. The Dow rose [...]
The Safest Dividend Stocks in the Market for Retirement or Passive Income
Choosing to invest in dividend-paying stocks in general is a relatively safe strategy. But maybe you want the most reliable, safest dividend stocks in the market for retirement or passive income. Look no further. We’ve compiled a list of the top 10 high-dividend, safe stocks: Verizon (VZ) Enterprise Products (EPD) Kinder Morgan (KMI) Sherwin-Williams Company (SHW) Nordson Corporation (NDSN) Enbridge [...]