Target CorporationMis à jour TGT - Poor Retail - Poor R/R Ratio
The poor retail sector, TGT you looked so good before, lapping WMT , chasing AMZN , but then the 'rona.
TGT still has great long term potential, current Mr Market is pricing in a -1%YoY growth rate on DCF to get to a $121 price point, 0% gets you $131, and current EBIT valuations have you around the $94/98 point. This should lag in the tight zone till earnings . If we get a "bad" number, let it sell-off, look for the $110/100 point, and pick up a few shares knowing that the world is not coming to an end.
Really poor R/R ratio right now before earnings (~0.5), but when you get past earning with a nice drop you can turn that into a number in the ~3.5 to 7 range. Technicals, charts, VOLUME! and fundamental analysis = how to stay in the market.
TGT still has great long term potential, current Mr Market is pricing in a -1%YoY growth rate on DCF to get to a $121 price point, 0% gets you $131, and current EBIT valuations have you around the $94/98 point. This should lag in the tight zone till earnings . If we get a "bad" number, let it sell-off, look for the $110/100 point, and pick up a few shares knowing that the world is not coming to an end.
Really poor R/R ratio right now before earnings (~0.5), but when you get past earning with a nice drop you can turn that into a number in the ~3.5 to 7 range. Technicals, charts, VOLUME! and fundamental analysis = how to stay in the market.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.