Key TakeawaysInflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said.People haven't had such a strong reaction to promotions in a while, the retailer said.Fewer big-ticket discretionary items are selling, but people are still looking for small splurges. Target shoppers are all-in on deals. Customers are taking a calculated approach to shopping, Target (TGT) said, noting as it reported its latest financial results that its customers have said their budgets rema ...

Key TakeawaysNvidia is set to deliver its highly anticipated earnings after the closing bell Wednesday.Analysts are overwhelmingly bullish on the chipmaker's stock, with multiple firms raising their price targets ahead of the report.Wall Street projects strong revenue growth, driven by record data center revenue. Nvidia (NVDA) is set to deliver its highly anticipated earnings after the closing bell Wednesday, with analysts overwhelmingly bullish on the chipmaker's stock.  Of the 23 analysts covering Nvidia ...

Key TakeawaysWalmart's shares hit a new record high following its earnings report yesterday, but Target's fell to their lowest point in a year following its results Wednesday.Target's sales and profits fell short of estimates, while Walmart's results surpassed expectations in the third quarter.Both retailers said lower prices and convenience features like curbside pickup and same-day delivery are driving sales, but those trends have seemed to benefit Walmart more in recent quarters. Target (TGT) shares sank ...

KEY TAKEAWAYSNio's U.S.-listed shares are little changed in mid-day trading, after the Chinese electric vehicle maker posted quarterly sales that lagged analysts’ forecasts and a wider-than-expected loss.The Chinese company has had to lower prices of its cars amid an intense price war with rivals.Nio said it expects deliveries to reach up to a record 75,000 in the current quarter, from 61,855 in the third quarter. Nio's (NIO) U.S.-listed shares are little changed in mid-day trading, after the Chinese electr ...

Key TakeawaysWalmart shares were slightly higher Wednesday morning after hitting a new record high yesterday following a strong earnings report from the retail giant.The stock formed a shooting star on Tuesday, a reversal candlestick pattern that appears after an extended uptrend. The pattern formed on the highest daily volume since late September, possibly indicating buying exhaustion.Investors should watch major support levels on Walmart's chart around $81, $71, and $61.A bars pattern projects a price tar ...

Core Insights - TJX Companies, operator of discount retailers including TJ Maxx, reported higher-than-expected quarterly results and raised its full-year earnings outlook [1][2] - The company experienced strong sales growth in Europe, contributing to gains in its international business [2][3] Financial Performance - TJX reported third-quarter net sales of $14.1 billion, a 6% increase year-over-year, surpassing estimates of $13.93 billion [2] - Earnings per share (EPS) reached $1.14, exceeding the $1.08 EPS estimate [3] Future Outlook - The company forecasts a 3% increase in full-year consolidated comparable store sales [3] - TJX raised its full-year pretax profit margin outlook to 11.3% and expects EPS to be in the range of $4.15 to $4.17 [4]

KEY TAKEAWAYSComcast said Wednesday that it is planning to spin off its NBCUniversal cable TV networks, including channels like MSNBC, CNBC, and E!, carving out a business that has been hurt by cord cutting and the rise of streaming.The cable assets together generated about $7 billion in revenue in the 12 months ended Sept. 30, Comcast said.Mark Lazarus, current chair of NBCUniversal Media Group, was named CEO of the new company. Comcast (CMCSA) said Wednesday that it is planning to spin off its NBCUniversa ...

KEY TAKEAWAYSNio's U.S.-listed shares are slumping in premarket trading, after the Chinese electric vehicle maker posted quarterly sales that lagged analysts’ forecasts and a wider-than-expected loss.The Chinese company has had to lower prices of its cars amid an intense price war with rivals.Nio said it expects deliveries to reach up to a record 75,000 in the current quarter, from 61,855 in the third quarter. Nio's (NIO) U.S.-listed shares are falling in premarket trading, after the Chinese electric vehicl ...

Target (TGT) shares tumbled 20% in premarket trading Wednesday following the release of the retailer's third-quarter earnings report, as it missed estimates for sales and profit. The retailer reported $25.67 billion in revenue, up from $25.40 billion a year ago but below the $25.89 billion analysts expected, according to estimates compiled by Visible Alpha. Target also reported $854 million in net income, or $1.85 per share, down from $971 million and $2.10 per share a year ago. Analysts had expected $1.05 ...

Key TakeawaysComcast shares gained in extended trading Tuesday following a report the company is expected to announce plans Wednesday to spin off its NBCUniversal cable TV networks. The spinoff could mean the separation of assets that generated about $7 billion in revenue in the 12 months ended Sept. 30, the Wall Street Journal reported.The move could help streamline the entertainment and media conglomerate’s operations. Comcast (CMCSA) shares gained in extended trading Tuesday following a report the entert ...