Previous close | 1.7800 |
Open | 2.1300 |
Bid | 0.8400 |
Ask | 2.1300 |
Strike | 95.00 |
Expiry date | 2025-06-20 |
Day's range | 2.1000 - 2.1300 |
Contract range | N/A |
Volume | |
Open interest | 868 |
Analysts are eagerly awaiting Nvidia's (NVDA) first quarter earnings and speculating about the broader market's reaction. Target (TGT) missed Wall Street expectations in its first quarter results, with a drop in comparable sales year over year. Meanwhile, Walmart (WMT) picked up in both comparable sales and US foot traffic year over year. Morning Brief hosts Brad Smith and Seana Smith discuss what these retail giants' results reveal about the state of the consumer. Disney (DIS) continues to look for ways to cut costs, laying off 14% of Pixar staff. For more expert insight and the latest market action, click here
Target (TGT) disclosed a 3.7% decline in year-over-year comparable sales in its first-quarter earnings, sharing mixed results on the top and bottom lines. UBS U.S. Hardline & Broadline and Food Retail Analyst Michael Lasser sits down with The Morning Brief to discuss the buying opportunities in the retailer's stock while consumers battle inflation and credit card debt. "This is a wonderful buying opportunity. keep in mind that Target is still on pace to earn somewhere in the neighborhood of $9.50 this year, putting it well-positioned to earn $10 next year. If that's realistic, the stock is trading right now at 14 times that number. That is just too low a multiple," Lasser says. "Another way to think about it is Target's in a good spot to generate at least $4 billion of free cash flow this year, that it can distribute to shareholders in the form of share buybacks and dividends." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Read more about Target's earnings here
Target comes up short after having shown signs of improvement in its business to cap off 2023.