Diamonds and Dogs

8/19/20

Target (TGT) is on target. Retailer Target (TGT) is up 11% after reporting a monster quarter. Profits jump 80% as same store sales set a record. E-commerce services saw dramatic growth attracting 10 million new digital customers while picking up $5 billion in market share in the first half of the year. Curbside pickup service jumping by more than 700%.

Gilead Sciences (GILD) can't seem to get out of its own way. The drug company is down 3% to a five-month low after the U.S. FDA declined to approve its experimental rheumatoid arthritis treatment, a major setback for one of the drug maker's important products. Gilead's antiviral medicine remdesivir has put the company at the forefront of the fight against the COVID-19 pandemic.

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