Montreal downtown in the autumn jbd30/iStock via Getty Images Note: All amounts disclosed are in Canadian Dollars Just as 2023 was winding down, we switched to a bullish stance on BTB Real Estate Investment Trust (BTBIF, TSX:BTB.UN:CA). While the REIT had its baggage and the office sector downturn was not particularly endearing for a long position, we felt the setup was relatively compelling. Valuation was the primary guide, and the REIT's fundamentals in non-office areas were a close second. While we co ...

Finding long-term stocks to buy in today’s market isn’t easy. Many of the best blue chips, like Target (NYSE:TGT), suffer from inflation concerns and reduced consumer spending, sending shares spiraling and creating uncertain futures. On the other hand, mega-cap tech companies riding high on artificial exuberance may be amid a bubble rivaling the Dot-Com era in scope (only time will tell). We can’t count on imminent rate cuts anymore, either, as inflation stays stubbornly above 3% and well above the Fed’s 2% ...

Despite rising +2% in today’s trading session, Target’s (TGT)  stock is still down -7% since reporting mixed Q1 results on Wednesday.With that being said, let’s see if it’s time to buy stock in the omnichannel retailer for a rebound from its current levels.Q1 Financial Review Target’s Q1 EPS came in at $2.03 which missed the Zacks Consensus of $2.05 per share by -1%. This is despite Q1 sales of $24.53 billion slightly beating estimates of $24.51 billion.Year over year, Q1 earnings dipped -1% while sales fel ...

Colibri Reports Drill Results of 42.7 Metres of 1.0 g/t Gold - Including 3.1 Metres of 10.9 g/t Gold at North Hill Target on the Pilar Gold and Silver Project in SonoraMay 23, 2024 10:18 AM EDT | Source: Colibri Resource CorporationDieppe, New Brunswick--(Newsfile Corp. - May 23, 2024) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced t ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points: What we saw in the Q1 earnings season was a resilient and steadily improving profitability picture, both in terms of the growth rate and the evolving revisions trend. Positive revenue surprises were a bit less commonplace relative to other recent periods, but margins ...

Key TakeawaysThe S&P 500 fell 0.3% on Wednesday, May 22, 2024, as the minutes from the latest Federal Reserve meeting elevated concerns about inflation.Target missed quarterly estimates and guided below expectations for the current period, citing restrained consumer spending, and shares of the retailer dropped.First Solar shares posted the S&P 500's strongest gains for the second straight day after a pair of analysts highlighted the firm's growth potential. After hovering near flat levels for much of the se ...

As consumers look to balance their desire to treat themselves with ongoing economic concerns, Target is seeing shoppers’ shift to discretionary spending on experiences negatively impact their budgets for nonessential retail products.On a call with analysts Wednesday (May 22) discussing the retailer’s first-quarter 2024 earnings results, Target Chairman and CEO Brian Cornell said shoppers are continuing to “look for ways they can stretch their budgets” amid inflation, often prioritizing springing for leisure ...

Target executives issued a weak forecast Wednesday in recognizing that elevated prices continue to have a "meaningful impact" on family budgets and savings.   Target Chief Growth Officer Christina Hennington told analysts on an earnings call that one in three Americans "maxed out or is nearing the limit on at least one of their credit cards." "For these reasons and more, we remain cautious in our near-term growth outlook," Hennington said. She projected that discretionary spending "will continue to remain p ...

Target's weak quarterly earnings underscored why it cut prices on thousands of household staples: it's struggling to win over bargain hunters.The discounter is not alone.Target's first-quarter results on Wednesday not only show American consumers are more selective about spending after sustained inflation squeezed their budgets for nearly three years. The company's declining sales also illustrate how the battle for shoppers' wallets has heated up as retailers — and even some restaurants — race to outmatch e ...

Inflation is taking a bite out of Target’s bottom line as the “cheap chic” discount retailer revealed customers were buying fewer groceries and discretionary goods, sending its shares tumbling as much as 10%.The Minneapolis-based retailer fell short of Wall Street estimates for the quarter on Wednesday — another blow for the company that has seen its stock price decline by more than 40% since it reached an all-time high in November 2021.Earlier this week, Target announced a plan to gradually slash prices on ...