Target (TGT) Offering Possible 35.14% 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 $190.00 short call and a strike $195.00 long call offers a potential 35.14% 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 $190.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $195.00 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 33.4 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

Target stock rallies after sales rise more than expected, boosted by traffic and average ticket gains
Tue, 02 Mar 2021 11:41:00 +0000
Shares of Target Corp. rallied 1.8% in premarket trading Tuesday, after the discount retail giant reported fiscal fourth-quarter profit and sales that rose above expectations, boosted by growth in traffic and average ticket and as digital sales more than doubled. Net income for the quarter to Jan. 30 rose to $1.38 billion, or $2.73 a share, from $834 million, or $1.63 a share, in the year-ago period. Excluding nonrecurring items, such as , adjusted earnings per share increased to $2.67 from $1.69, and beat the FactSet consensus of $2.54. Total revenue grew 21.1% to $28.34 billion, above the FactSet consensus of $27.41 billion. Same-store sales increased 20.5% to beat the FactSet consensus of 17.1% growth, as traffic rose 6.5% and average ticket increased 13.1%. Digital same-store sales jumped 118% and accounted for two-thirds of overall same-store sales growth. The company said it did not repurchase any shares during the fourth quarter, but had $4.5 billion available in its buyback program at the end of the quarter. Target did not provide financial guidance, citing uncertainties resulting from the COVID-19 pandemic. Target's stock has tacked on 5.5% over the past three months through Monday, while the SPDR Consumer Discretionary Select Sector ETF has edged up 4.8% and the S&P 500 has gained 6.4%.

Target same-day delivery, store pick-up demand fires up holiday quarter sales
Tue, 02 Mar 2021 11:31:39 +0000
Over the past year, Target and Walmart Inc consistently performed better than Wall Street expected as the deep-pocketed national retail chains amped up their online businesses during the health crisis and swiped market share from smaller rivals who rely more on their physical stores. Still, Target held back on providing sales and earnings forecast for fiscal 2021, citing continued uncertainty over consumer shopping patterns amid the health crisis. The company's comparable sales rose 20.5% in the fourth quarter, comfortably beating analysts' estimates for a 16.4% rise, according to IBES data from Refinitiv.

Target Q4 earnings beat analysts' forecasts across the board, skips 2021 guidance
Tue, 02 Mar 2021 11:30:12 +0000
Target's latest earnings are out. Here's the analysis you need to know.

Target Corporation Reports Fourth Quarter and Full-Year 2020 Earnings
Tue, 02 Mar 2021 11:30:00 +0000
Q4 2020 Highlights

Dow Futures Slip Lower Following Best Day on Wall Street Since June: Target Earnings Impress
Tue, 02 Mar 2021 06:43:00 +0000
Wall Street looks set to take a breather Tuesday following its strongest rally since June, with investors continuing to eye bond markets and inflation data as the economy extends its post-COVID recovery.

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.