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WMT Jun 2024 140.000 call
- Yahoo Finance Video
Nvidia craze, Target vs. Walmart, Pixar layoffs: Morning Brief
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
- Barrons.com
Target Earnings Miss as Consumers Pull Back. The Stock Tumbles.
Revenue falls 3.1% in the retailer’s fiscal first quarter, driven by continuing softness in non-essential categories.
- CNN Business
Inflation is biting into Target’s ‘Tar-zhay’ luster
Target has spent decades building a reputation for cheap chic home goods, clothing and other merchandise. Inflation has dented that “Tar-jay” magic.
