Target (TGT) Offering Possible 20.63% Return Over the Next 29 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 20.63% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $1.71 would be kept by the premium seller. The risk of $8.29 would be incurred if the stock dropped below the $120.00 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 above 80 which suggests that the stock is in overbought territory.

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 Reports Earnings Today. Here’s What to Expect.
Wed, 19 Aug 2020 09:01:00 +0000
Target has benefited from recent trends in retail, albeit not as much as some other big-box players. Investors will be eager to see how well its sales have held up.

Sea’s Pandemic Surge Is Currency for Some Bold M&A
Wed, 19 Aug 2020 00:59:33 +0000
(Bloomberg Opinion) — A doubling of revenue coupled with a 263% surge in Sea Ltd.’s shares aren’t enough to make the Southeast Asian internet company profitable, but they do provide something almost as important: opportunity.Investors seem besotted with Sea, propelling it to a $69 billion market value despite its net loss widening 41% from a year earlier in the second quarter. Analysts, overwhelmingly bullish with 14 buy ratings to two sell calls, don’t even expect the games and e-commerce company to post net income this year or next.Once known as Garena, Singapore-based Sea gets 44% of sales from digital entertainment such as online games and 41% from e-commerce and other services. The rest comes from direct sales of products. Those have proven to be great businesses to be in during a pandemic when customers are cooped up at home bored, hungry and in desire of some retail therapy. It doesn’t matter whether I believe Sea is worth as much as Target Corp., Square Inc. or even Airbus SE — investors do. And that means others probably have the same confidence.Sea’s stock price gives it a valuable currency. Management could seize this moment to undertake some strategic acquisitions and plug possible holes in its product offering. It can use its market value to do share deals, or sell equity or convertibles to fund them.Among the areas to explore is logistics. Chinese e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc. saw the value of investing in their own logistics supply chain. Both now view that as a competitive advantage.Sea might do well to follow the same path. Revenue from its e-commerce business climbed 120% from a year earlier, and 37% from the prior quarter, driven by pandemic demand. Importantly, its take rate — the amount Sea receives from each dollar of orders — expanded 1.8 percentage points to 6.4%. Admittedly, that boost was fueled in part by a 73% increase in sales and marketing expenses.This momentum, if sustainable, could justify taking a punt on logistics through a joint venture, minority stake, outright acquisition or even building from scratch. Management declined to answer multiple questions about M&A in a conference call Tuesday night.Sea’s success in games, and the huge potential for growth as Southeast Asia’s high-speed mobile penetration expands with a 5G rollout, makes the purchase of games studios another worthwhile bet. Tencent Holdings Ltd., a backer of Sea, deployed that strategy well with investments in Supercell Oy and Riot Games Inc. The upside of owning your own titles is twofold: taking a greater cut of revenue, and being able to license them to external parties (the risk is developing games that flop and lose money).Finally, there’s payments, a new area for which Sea has great hopes. This is fast becoming a crowded field, with both Gojek and Grab Holdings Inc. keen to stake out their own territory. Ant Group’s pending Hong Kong listing, with a possible $150 billion valuation, is all the incentive Sea needs to take this business seriously. It could face a brutal battle against some well-funded competitors, but investors’ love for the stock and its New York listing could be just the leverage Sea needs to buy out local partners or sign deals that give it an edge.The best thing Sea can do is grab the advantage offered by the run-up in its stock and double down. Fortune favors the brave — and those with a fortune. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Cramer On Why He Expects Big Retailers To Smash Earnings Estimates
Tue, 18 Aug 2020 17:50:22 +0000
Big box retailers are scheduled to report earnings, and CNBC's Jim Cramer said he expects "unbelievably positive" results. Walmart Inc (NYSE: WMT) and Home Depot Inc (NYSE: HD) reported Tuesday.Target Corporation (NYSE: TGT) and Lowe's Companies Inc (NYSE: LOW) are set to report Wednesday. Busy Earnings Period: Walmart, Target, Home Depot and Lowe's are likely to show their resilience in the face of the COVID-19 pandemic, Cramer said on Monday's "Mad Money."These companies were likely market share winners in the quarter as they took sales away from struggling mom-and-pop shops that were ill-equipped to compete against the major chains, he said. "If any of these big-box outfits disappoint when they report this week, remember this could be the last quarter where they actually face significant independent competition funded by PPP," Cramer said. "After that, the small guys are mostly done."'Horrifying' Reason Why Results Are Good: Big retailers and major restaurant chains are expected to report "fabulous" results, and it is good news for their shareholders, Cramer said. But at the same time it is "horrifying" to understand the logic behind the market domination, the CNBC host said. Big chains, unlike small stores and family-owned restaurants, have access to the necessary financial resources to weather the COVID-19 storm, Cramer said. Small competitors were left relying on government assistance and are "being wiped out," he said. "A lot of these smaller outfits had been able to hold their own before COVID, but now the big guys have crafted phenomenal same-day delivery services." Related Links:Here's Why DA Davidson Is Recommending Best Buy, Target, WalmartAlbertsons, Walmart, Kroger Made Major Announcements This Week: What You Need To KnowPhoto courtesy of Target. See more from Benzinga * Here's Why DA Davidson Is Recommending Best Buy, Target, Walmart * 3 Retail Stock Picks From BofA Ahead Of Earnings * 3 Expert Takes On Walmart's New Subscription Service: 'Godzilla Vs. King Kong'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

US STOCKS-S&P 500 reclaims Feb highs, then retreats
Tue, 18 Aug 2020 14:55:58 +0000
The S&P 500 reclaimed record highs last seen before the onset of the coronavirus crisis in February on Tuesday, before retreating on doubts about the outlook for a U.S. economy that is still struggling to recover. The S&P 500 was up at 3,394.99 points at 09:48 a.m. ET, topping the high of 3,393.52 hit on Feb. 19, with Amazon , Netflix and a handful of other tech heavyweights contributing the bulk of the gains.

Retail Stock Q2 Earnings Roster for Aug 19: TGT, LOW & TJX
Tue, 18 Aug 2020 14:45:02 +0000
Retailers dealing in food and other household products are likely to have benefited from consumers' shift in buying behavior and spending pattern due to the pandemic.

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