Diamonds and Dogs
Target (TGT) on target, at least today. Investors were prepared for nothing but bad news coming from Target Corp, but the stock is up 2% after beating earnings and sales numbers. The company also guided second quarter in line with indications a turnaround is taking hold. Good news today, but the stock is still down over 20% year to date.
Comey and Trump have the major averages headed to their worst day of the year. The Dow Jones industrial average traded 250 points lower, with Goldman Sachs (GS) contributing the most losses, down nearly 4%. Even the mighty Apple, Amazon and Facebook are trading lower. Not sure all three have fallen in the same day this year.