Diamonds and Dogs
No stopping oil. The price of oil is higher once again as Exxon Mobil (XOM jumps 4% to an eight year high on an upgrade and new project in the country of Qatar. Evercore ISI upgraded Exxon with a $120 price target while Exxon was awarded a piece of the expansion plans with the world's largest natural gas project in Qatar.
Target (TGT) warns again. The retailer is down 3%, but off the lows after the company announced Tuesday that it is planning "pricing actions," i.e. price increases, to address "unusually high transportation and fuel costs." It also plans to cull excess inventory and cancel orders before the end of the second quarter.The stock opened down 8%, but has since recovered.
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