$46.35
-1.37 (-2.87%)
Target Corp (TGT)
CAPS Rating:
The Company operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. It offers both everyday essentials and fashionable, differentiated merchandise at exceptional prices.
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I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter.
Ever since Bush went on prime time consequences..... the retail market has come to a screeching halt that is only slightly less frozen than the credit markets.
Unfortunately, I don't see a quick fix to the credit markets and it certainly isn't going to be forgotten by the Campaign until after November at the earliest. My guess is the economy is going to be in a negative spotlight for a year or more.
Why would you buy the retailers? I say sell baby sell.
Buying a car is a bit different from dropping $100 on clothes or food. Bad comparison, newsmonkey. I understand your trepidation of the retailers, but a few years from now these stocks will be winners...time to back up the truck. Just don't fill it all in one stop. Go back again and again in the coming year.
You would be stupid to buy food at target... it sells grocery's at convenience store prices...And You can't drop 100$ if you are unemployed.
Well, since you asked: I bought a new car (new, as in ... new) last week and my neighbor next door bought a new car too.
So, there you have it.
cheers!