Diamonds and Dogs
Target (TGT) higher following earnings. The big box retailer rose 2% after easily beat estimates as sales rose a percent to $31.39 billion. This was the first quarterly beat of Wall Street's expectations for Target in a year, as it shifted its focus to selling more food and lower-priced items under its higher-margin private-label brands including Favorite Day, Good & Gather and Mondo Llama.
Goldman Sachs (GS) fell 3% following a, investor day in New York. Goldman didn't have much new news to disclose with long term targets of 14-16% RoE, 15-17% Rote and 60% Efficieny ratio. The company also announced a new $30 billion share repurchase program which would account for 25% of their market cap.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.