Target (TGT) Offering Possible 15.21% Return Over the Next 6 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 15.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $62.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Target is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Target is bullish.

The RSI indicator is at 67.48 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Target

[$$] New Target CFO Will Have to Sustain Retailer’s Turnaround Pace
Fri, 11 Jan 2019 01:34:38 +0000
Target Corp. is launching its search for a new finance chief at a crucial time: After a strong holiday season, the Minneapolis-based retailer needs to keep the momentum going while experimenting with new ways to reach its customers to compete with e-commerce rivals. The store operator announced Thursday that Chief Financial Officer Cathy Smith plans to step down once a successor has been named and move on to an advisory role until May 2020. Ms. Smith, who became Target’s CFO in 2015 after stints at Express Scripts Holding Co., Walmart Inc. and GameStop Corp., said she intends to spend more time with her family.

Strong economy does little to lift department store sales
Fri, 11 Jan 2019 00:22:35 +0000
It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas. Macy's saw only a slight increase of 1.1 percent in sales during November-December at stores opened at least year.

Macy's cuts profit, sales forecast after weak holiday season
Thu, 10 Jan 2019 23:59:12 +0000
Macy's said its sales slowed after a good start to the holidays, and flagged particular weakness in women's sportswear, sleepwear, fashion jewelry, fashion watches and cosmetics. Its comparable sales over the critical November and December months rose 1.1 percent. Department stores in recent quarters had shown signs they were finding ways to cope with declining mall traffic and tough competition from online seller Amazon.com Inc (AMZN.O).

Industrials lead US stocks higher again; Macy's nosedives
Thu, 10 Jan 2019 22:52:43 +0000
Industrial companies like Boeing and General Electric rose while retailers fell as Macy's suffered its biggest loss of all time. Transportation and machinery companies climbed after the U.S. Trade Representative said China agreed to buy more agricultural and manufactured products. Macy's said its sales over the holidays were worse than expected and slashed its annual profit and sales forecasts.

Macy's Holiday Troubles Are Giving Retail Investors 2019 Jitters 
Thu, 10 Jan 2019 22:30:00 +0000
Investors entered the holidays with both optimism and trepidation, knowing that this might be the last hurrah of the economic recovery — a kind of peak Christmas. Thursday’s jarring results cast doubt on that premise, as a strong economy and high consumer confidence failed to translate into a standout year-end for every store. Slowing sales and more pressure on profit margins will no doubt increase the divide between the winners and losers in the retail industry.

Be Sociable, Share!

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.