What Caught Our Attention in the Investment World? – Week of August 19-23, 2019

By Anil K. Ambastha and Kuldip K. Ambastha

Following its stellar second-quarter earnings due to the success of its store investments, online sales, and same-day delivery along with a stable outlook for the remainder of the year 2019, shares of a discount store chain, Target (TGT), had their biggest-ever one-day gain of 20.4% on Wednesday, August 21, since Target went public 52 years ago. Target’s stock price has now gained about 60.9% year-to-date compared to the average return of about 19.4% for companies belonging to the Retail-Wholesale category.

Keywords – Second-quarter, Earnings, Discount store, Same-day delivery, Online sales, Retail-Wholesale.

Disclosure – The principals of Ambastha Financial LLC have no position in TGT.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2019 – Ambastha Financial LLC.

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