With only 3 days left for Christmas shoppers, the retailers are being hammered today as investors are concerned about profits and revenue numbers.
Bed Bath and Beyond stock (BBBY), which I do not trade is down 8% after having a nice run-up from its November low. With this kind of pressure, the stock could easily drop to $39. Overall I have never been impressed with the company and as such I have stayed cleared of investing in it.
Walmart stock (WMT) which I do trade is also down big today but nothing like Bed Bath and Beyond. Walmart is down 2.12% to $69.73 in the early afternoon on Dec 22.
Target Stock (TGT) which I also trade in, is down 3.6% to $74.35 as of the early afternoon on Dec 22.
This is a strategy discussion article and an update to the various trades done yesterday, Dec 21 and today Dec 22 in Target Stock. The article also outlines upcoming trades……The rest of this Target Stock (TGT) strategy article is for FullyInformed Members
Target Stock (TGT) Analysis and Trade Alert In The Down Turn – Dec 22 2016
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.