Target (TGT) Offering Possible 18.76% Return Over the Next 16 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $114.00 short call and a strike $119.00 long call offers a potential 18.76% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $114.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $119.00 long call strike price.

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

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

The RSI indicator is at 28.04 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

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LATEST NEWS for Target

Target (TGT) Outpaces Stock Market Gains: What You Should Know
Mon, 03 Feb 2020 22:45:10 +0000
Target (TGT) closed the most recent trading day at $112.50, moving +1.59% from the previous trading session.

Reynolds Consumer says it’s ‘well-positioned’ to win in online grocery
Mon, 03 Feb 2020 20:13:00 +0000
Reynolds Consumer Products Inc., with its portfolio of consumer goods from Hefty bags to Reynolds Wrap, has been focused on e-commerce for years, according to Chief Executive Lance Mitchell, which should pay off as online grocery shopping grows.

Hackers are ramping up attacks on retirement accounts — how to keep yourself safe
Mon, 03 Feb 2020 17:05:00 +0000
The thought of losing your life savings to hackers can be terrifying — and it’s why two of Houston financial adviser Michelle Gessner’s clients didn’t want to consolidate their retirement assets, even if the move would be financially savvy. The couple had already been the target of identity theft in the past, then with their credit cards, and they were afraid that if they rolled all their money together, they’d be “sitting ducks” at risk of losing their entire nest egg. “The question is real and understandable,” Gessner said.

3 Monster Growth Stocks That Offer Some Serious Upside Potential
Mon, 03 Feb 2020 14:07:06 +0000
Market investing is all about growth – finding growth-oriented stocks, and growing the initial investment. The key, of course, is identifying the stocks that are going to climb higher. While past performance is no guarantee of future returns – an old cliché of investing – it’s natural to look at how stocks have performed before you put your money down.We’ve used TipRanks’ Stock Screener to home in on three growth stocks – names that exceeded 90% growth in 2019, and that show an upside potential of 20% or more in the coming months. These are companies that outperformed the broader markets, and are considered likely to continue outperforming. In short, this is where to go to watch your investments grow.Target Corporation (TGT)We’ll start with an established name in retail, Target. To put it simply, this company performed quite spectacularly in 2019, gaining 98% over the course of the year. For comparison, the S&P 500 grew by 29%, and Target’s chief competitors, Walmart and Costco, rose by 20% and 58%, respectively.The outperformance was clear from the quarterly reports, too. Target met or exceeded expectations in the first three quarters of the year, with Q3 showing a 15% earnings beat. The outlook for Q4 is also upbeat, with management predicting that full year same-store sales will increase by over 3%.All the news isn’t rosy, however, as the holiday season was weaker than hoped. TGT shares have slipped 14% so far in January, as the Christmas shopping results have come in. Wall Street, however, views this as an opportunity – TGT is still considered a strong growth name, and the pullback makes the stock a better bargain.This point of view was set out by 5-star analyst Christopher Horvers, of J.P. Morgan, in a recent note on TGT. He said that the decline in share price “due to disappointing holiday comps represents a key buying opportunity. The stock offers the best near- and medium-term risk-reward in the [retail] space…”With this in mind, Horvers raised his price target to $144, a 44% boost, to back up his Buy rating. At its new level, his price target implies a possible upside of 30% to TGT. (To watch Horvers’ track record, click here)Overall, Target stock has a Moderate Buy from the analyst consensus, based on 14 Buy ratings and 7 Holds. Shares are selling for $110.74, and the $138.22 average price target suggests an upside potential of 25% to the stock. (See Target stock analysis on TipRanks) New Oriental Education & Technology Group, Inc. (EDU)There is a strong industry of private educational and tutoring companies in China. With a market cap of $19 billion, New Oriental is one of the largest such companies, offering services in foreign language training, assessment test and college prep courses, and tutoring for primary and secondary level students. In addition, the company develops and distributes educational software as well as other technology.Of the stocks on this list, EDU showed the highest 2019 growth rate – a whopping 121%. Not to mention recent quarterly numbers show that the company is still on an upward trajectory. In January, EDU reported results for fiscal Q2. EPS, at 36 cents, was 57% higher than anticipated, but even better, was up 147% year-over-year. Revenues, at $785.2 million, were up 32% year-over-year. Altogether, it was a superb performance, driven by large gains in enrollment.Nomura analyst Jessie Xu sees a big year ahead for EDU. He writes, “We expect total revenue to increase by 26% y-y in FY20F, primarily driven by the strong revenue growth in K12 business (50%-plus year-over-year). This should be well supported by the K12 enrollment momentum (50%-plus year-over-year), in our view. We forecast U-Can and POP Kids enrollment to grow by 44% and 57% year-over-year in FY20F…”Xu gives the stock a Buy rating with a new $158 price target, up from $135, indicating confidence in a 30% upside. (To watch Xu’s track record, click here)EDU gets a unanimous Strong Buy from the analyst consensus, with 4 recent Buy ratings. The $155.99 average price target suggests an upside potential of 28% from the current $121.55 trading price. (See New Oriental Education stock analysis on TipRanks) Constellium SE (CSTM)Heavy industry sometimes gets dismissed in the information economy, but it can’t be forgotten. After all, raw materials must be acquired, and infrastructure must be built. Paris-based Constellium inhabits the industrial world, as a producer and provider of aluminum products to the aerospace, automotive, defense, industrial, packaging, and transportation sectors. The company is a leader in the development of advanced aluminum alloys, and its clients include Airbus, Audi, BMW, Boeing, and Ford.Constellium saw over 5.7 billion Euros in revenue in fiscal 2018, while in 2019, the company saw its stock price grow by an impressive 91%. CSTM is expected to report Q4 earnings on March 11, and the consensus is for strong sequential growth – EPS of 6 cents, on sales of $1.4 billion. This will be a tonic for the company after a disappointing Q3.Looking ahead at the coming year, Northland’s Gus Richard is bullish on CSTM. The 5-star analyst writes, “We see higher demand for Constellium's aluminum products given shifts in beverage packaging and auto markets and also sees an opportunity for price increases as demand increases…”In line with his optimism, Richard opened coverage of the stock at a Buy rating, with a price target of $19, suggesting an upside potential of 67%. (To watch Richard's track record, click here)Richard’s review is the most recent on CSTM, making the consensus rating a Moderate Buy. The company shows a strong upside potential, and shares are currently a bargain at $11.36. (See Constellium stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

6 Retail Stocks to Buy On The Back of Pier 1 Shutterings
Fri, 31 Jan 2020 18:21:35 +0000
Home furnishing retailer Pier 1 (NYSE:PIR) shocked the world in January when management announced intentions to close about half of the company's store-base, or around 450 stores nationwide.Source: Jonathan Weiss / Shutterstock.com That's a lot of stores. And they represent a huge opportunity for peer home furnishing retailers to win new sales. My numbers indicate that each Pier 1 store, on average, does about $1.5 million in sales per year. Across 450 stores, that's about $675 million in sales. The U.S. home furniture retail market did about $120 billion in sales in 2019. So, the Pier 1 store closings mean that about 0.6% of the U.S. home furniture retail market is now "up for grabs".Which retailers are going to grab the most of these sales? To answer that question, let's turn to data from Placer.ai, the world's leading foot traffic analytics platform.InvestorPlace – Stock Market News, Stock Advice & Trading TipsPlacer.ai recently analyzed daily Pier 1 store cross-shopping patterns across four different states (California, Florida, New York, and Pennsylvania), which basically means that they used smartphone location data to see how many customers visited both Pier 1 and another retail store in the same day.From an investment perspective, the results are meaningful. The retailers which have the most cross-shopping overlap with Pier 1, per Placer.ai data, will likely win the lion's share of the $675 million Pier 1 store closure sales pie. Their revenue and profit trends will improve in 2020 as Pier 1 shutters stores. Those improvements lay the groundwork for their stock prices to move higher, too. * 7 Stocks to Buy for February Contrarians Without further ado, then, let's take a look at six retail stocks to buy as Pier 1 rapidly closes stores over the next several months. Retail Stocks to Buy as Pier 1 Closes Stores: Target (TGT)Placer.ai cross-shopping overlap with Pier 1, average across California and Florida: 10.3%Source: Robert Gregory Griffeth / Shutterstock.com Placer.ai identified Target (NYSE:TGT) as the retailer with the most cross-shopping overlap with Pier 1. In California, Placer.ai found that 9.9% of customers who visited a Pier 1 store, also went to a Target store that same day. In Florida, the daily cross-shopping overlap rate was a whopping 10.6%. Target also had the highest cross-shopping overlap with Pier 1 in New York and Pennsylvania.That's a huge overlap. And it's consistently huge across multiple states. Naturally, the implication is that in areas where stores will close, those overlap customers will simply do their home furniture shopping at Target, since Target sells various furniture pieces.About $675 million in sales are up for grabs. Let's say Target nabs 10% of those, or about $70 million. In it of itself, that won't provide a meaningful lift to Target's revenues, which project at nearly $80 billion this year.But, it's yet another tailwind for a company which is already firing on all cylinders thanks to its omni-channel growth initiatives, and yet another reason why Target's revenues, margins, profits, and stock price will all continue to rise in 2020. Retail Stocks to Buy: TJX (TJX)Placer.ai cross-shopping overlap with Pier 1 (CA & FL average): 8.5%Source: Joe Hendrickson / Shutterstock.com Off-price retail giant TJX (NYSE:TJX) appears well positioned to win big as Pier 1 shutters stores, thanks to the company's off-price home furniture retail chain, HomeGoods.According to Placer.ai, about 9% of Pier 1 in-store visitors in Florida, also visited a HomeGoods store the same day. In California, the cross-shopping overlap rate was about 8%.Such a high overlap rate makes sense. HomeGoods is the discount king in the home furniture retail market, and price is always something consumers are thinking about when buying furniture. Thus, I'd presume that for most consumers looking to buy new furniture, a trip to HomeGoods is in the cards.This speaks to the broader underlying strength of the entire TJX machine. Regardless of various changes across the retail environment, consumers always have been and always will be attracted to low prices. TJX's various stores offer some of the lowest prices across multiple different retail verticals. Consequently, so long as consumers remain attracted to low prices (they always will be), TJX will be supported by healthy and stable demand trends. * 7 Stocks to Buy for February Contrarians Those healthy and stable demand trends will power steady and consistent gains in TJX stock. Walmart (WMT)Placer.ai cross-shopping overlap with Pier 1 (CA & FL average): 7.3%Source: Sundry Photography / Shutterstock.com No surprise here. Placer.ai found that mega-retailer Walmart (NYSE:WMT) had a high cross-shopping overlap with Pier 1. In Florida, just over 8% of Pier 1 store visitors also visited a Walmart store on the same day. In California, that number was just above 6%.This shouldn't be any surprise for two big reasons. First, Walmart sells everything, and this all-in-one convenience makes it a very natural place to stop by if you are out on a shopping run. Second, Walmart stores are everywhere, with about 90% of Americans living within 10 miles of a Walmart store. So, if you're out shopping at a Pier 1 store, chances are fairly high that there's a Walmart close by.As is the case with TJX, Walmart's high cross-shopping overlap with Pier 1 speaks to the underlying strength of the Walmart machine. Walmart is all about minimizing prices and maximizing convenience. That's an enduring value prop. So long as consumers shop, they will care about keeping costs down and doing their shopping in the shortest amount of time possible.By offering everything in one place, having stores everywhere, and featuring the market's lowest prices, Walmart checks off the convenience and price boxes for consumers. So long as they keep doing that, consumers will keep shopping at Walmart. Revenues will keep inching higher. So will profits. And WMT stock. Bed Bath & Beyond (BBBY)Placer.ai cross-shopping overlap with Pier 1 (CA & FL average): Bed Bath & Beyond (3.9%), World Market (5.1%), Total (9%)Source: Jonathan Weiss / Shutterstock.com One of the more interesting finds from Placer.ai was the high cross-shopping overlap that the entire Bed Bath & Beyond (NASDAQ:BBBY) store network has with Pier 1. Specifically, Bed Bath & Beyond stores had a 3.9% average cross-shopping overlap with Pier 1 in California and Florida, while World Market (owned by BBBY) had a 5.1% average cross-shopping overlap.The grand total for Bed Bath & Beyond? About 9%, on average, across California and Florida. That's the second highest reading on this entire list. It also means that, assuming a 9% take rate on the $675 million "up for grabs" Pier 1 sales pie, Bed Bath & Beyond could see a near $70 million sales boost from home furniture sales in 2020.That's meaningful for this company. Sales are projected around $11 billion this year. A $70 million boost to that would equate to a 0.6% sales boost. That is far more meaningful than the sub-0.1% sales lifts at Walmart and Target.Also, this sales lift couldn't come at a more perfect time. There's a new management team at Bed Bath & Beyond, and the company is rapidly trying to redefine itself as a more relevant retailer with more tech-savvy stores. Pier 1 store closures will push more customers into Bed Bath & Beyond stores. Those new customers will see these more tech-savvy stores. They'll be impressed. Some may even start shopping at Bed Bath & Beyond stores more regularly. * 7 Stocks to Buy for February Contrarians The company's revenue and profit trends will start to improve. As they do, BBBY stock will bounce back from its presently depressed levels. Home Depot (HD)Placer.ai cross-shopping overlap with Pier 1 (CA & FL average): 3.6%Source: Cassiohabib / Shutterstock.com There's a steep drop off from the first four retailers on this list, to the last two, in terms of Pier 1 sales impact. But, the overlap is nonetheless meaningful enough to include these last two retailers on a list of retail stocks to buy as Pier 1 closes stores in 2020.First up in the bottom two, we have home improvement mega-retailer Home Depot (NYSE:HD). According to Placer.ai, in Florida and California, about 3.6% of Pier 1 store visitors also visited a Home Depot store on the same day. The implication is that when consumers are buying furniture, they are also often in the process of broader home improvements, for which they need supplies which can be found at Home Depot.From this perspective, it's tough to see how Home Depot actually wins any home furniture retail sales as Pier 1 closes stores. Consumers won't start buying their furniture at Home Depot (they don't even sell furniture).Still, Home Depot stock may be positioned for a strong 2020 thanks to improving housing market conditions. That is, as goes the housing market, so goes the number of consumers who need home improvement goods and services, and so goes Home Depot's sales and profit trends. The housing market is rebounding in a big way, thanks to easing trade tensions, low rates, and improving economic sentiment. The more the housing market rebounds in 2020, the more Home Depot's growth trends will improve.And, the more those growth trends improve, the more support HD stock will have to sustain its current rally. Lowe's (LOW)Placer.ai cross-shopping overlap with Pier 1 (CA & FL average): 3.1%Source: Helen89 / Shutterstock.com Last, and maybe least, on this list of retail stocks to buy as Pier 1 closes stores in 2020 is home improvement retailer Lowe's (NYSE:LOW).Placer.ai found that, on average, about 3.1% of Pier 1 store visitors in California and Florida, also visited a Lowe's store on the same day. That's not terribly high. It's also not all that meaningful, because Lowe's doesn't sell the same stuff that Pier 1 sells, so Pier 1 store closures won't lead to a direct sales boost at Lowe's.Having said that, Lowe's could be due for a strong 2020 for the same reasons that Home Depot is due for a strong 2020, and that is improving housing market conditions.In 2020, you will have a U.S. economy defined by strong labor conditions, low rates, increasing home supply, and low home ownership rates. That's a perfect environment for the housing market. Consequently, new home sales will likely go up again in 2020. So will money spent on improvements for those new homes. That means higher spend at home improvement retailers like Home Depot and Lowe's. * 7 Stocks to Buy for February Contrarians Net net, while Pier 1 store closures won't have a meaningful impact on LOW stock in 2020, there are many other catalysts here which will have a meaningful impact, and should collectively keep LOW stock on a strong uptrend.As of this writing, Luke Lango was long BBBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for February Contrarians * 10 of the Top Franchise Stocks to Buy Now * 5 High-Yield Stocks With High Free Cash Flow Yields The post 6 Retail Stocks to Buy On The Back of Pier 1 Shutterings appeared first on InvestorPlace.

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