On Target for Growth
AMZN has been doing what it does best, and it has undercut WMT and TGT on many items. TGT's promise of "Expect More, Pay Less" helped it protect much of its existing customer base. But did it help it to gain new customers or loosen the purse-strings of all of them?
In fairness again to my comparison with its biggest competitor, WMT, I want to show you its one-year price chart and TTM revenue-per-share line as well.WMT data by YCharts
If TGT's quarterly revenue report looks similar to WMT's (as seen in the chart above), its share price may hold or even rally higher. Don't let Tuesday's market action on TGT be your only guide on where the price of the shares will be by Friday.Prudent investors will be listening carefully before the markets open on Wednesday and digesting the many metrics that TGT will divulge. The results may be opportunistic.
At the time of publication the author had no position in any of the stocks mentioned.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust -- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements.