Target (TGT) Offering Possible 22.85% 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 $111.00 short call and a strike $116.00 long call offers a potential 22.85% 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 $111.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $116.00 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 35.53 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 calls off Wall Street visit over coronavirus worry
Mon, 02 Mar 2020 21:02:36 +0000
Target Corp. executives had planned to meet with analysts and other Wall Street playmakers at the retailer's annual investors conference this week, but they'll have to settle for a phoner instead.

Target Reports Earnings Tomorrow. Here’s What to Expect.
Mon, 02 Mar 2020 20:57:00 +0000
The stock rose as people worried about the coronavirus rushed to stock up—a rally that came as investors awaited the retailer's fourth-quarter earnings report, due Tuesday before the market opens.

Costco Stock is Jumping as Shoppers Buy to Prep for Virus
Mon, 02 Mar 2020 19:59:00 +0000
(COST) stock spiked 8% after shoppers filled the big-box chain’s parking lots all weekend to prep for potential quarantines, now that the coronavirus has begun spreading in the U.S. Walmart and Target took off as well, likely benefiting from the same dynamic. While the U.S. hasn’t seen the type of quarantines that authorities have enforced in countries like China, business travel has already been curtailed at many companies and stricter controls on movement could be coming. Robert Redfield, director of the Centers for Disease Control and Prevention, told Congress last week that healthy people don’t need to stock up to prepare for long periods without food.

Target Q4 Earnings Preview
Mon, 02 Mar 2020 18:54:25 +0000
Target (NYSE: TGT) announces its next round of earnings this Tuesday, March 3. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.Earnings and Revenue Target EPS will likely be near $1.66 while revenue will be around $23.49 billion, according to analysts.See Also: Here's How Much Investing 0 In Target Stock Back In 2010 Would Be Worth TodayView more earnings on TGTIn the same quarter last year, Target reported earnings per share of $1.53 on sales of $22.98 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 8.50%. Revenue would be up 2.23% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past: Quarter Q3 2019 Q2 2019 Q1 2019 Q4 2018 EPS Estimate 1.190 1.620 1.430 1.52 EPS Actual 1.360 1.820 1.530 1.53 Stock Performance Over the last 52-week period, shares are up 41.8%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The most common rating by analysts on Target stock is a Neutral. The strength of this rating has maintained conviction over the past three months.Conference Call Target is scheduled to hold a conference call at 9:00 a.m. ET and can be accessed here: https://events.qwikcast.tv/public/QwikCast/QwikCastEvent?eventKey=d68dfeb9-ee46-47b8-9755-90f1a081fd2dSee more from Benzinga * A Preview Of Kohl's Q4 Earnings * Q2 Earnings Preview For AutoZone * Q4 Earnings Outlook For Foot Locker(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Day Ahead: Top 3 Things to Watch for March 3
Mon, 02 Mar 2020 17:45:00 +0000
By Kim Khan

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