Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations") WHO: Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found ...

截至收盘，道指跌34.30点，跌幅为0.08%，报44911.82点；纳指涨6.80点，涨幅为0.03%，报21629.77 点；标普500指数跌0.65点，跌幅为0.01%，报6449.15点。 Argent Capital投资组合经理Jed Ellerbroek表示："今天市场相对平静，投资者正在为接下来的事件做准 备。最关键的催化剂是鲍威尔讲话，我们预期他将更新对当前'高通胀+失业率抬升'组合形势的解读。" 上周五数据显示，美国零售销售如预期般整体增长，但消费者信心因通胀担忧加剧而受挫。周一全美住 宅建筑商协会(NAHB)住房市场指数跌至2022年12月以来最低水平。 目前投资者仍预计美联储9月降息25个基点，但对年内再度降息的预期已有所降温。最新数据表明，虽 然美国加征关税尚未全面传导至消费端物价，但就业市场疲软或促使央行立场更加鸽派。 摩根士丹利旗下E*Trade分析师Chris Larkin指出："市场押注劳动力市场疲软信号将在美联储降息辩论中 压倒通胀风险。本周零售财报虽引人瞩目，但FOMC纪要及鲍威尔在杰克逊霍尔的讲话才是判断央行倾 向的关键。" 市场动态 美东时间周一，美股三大指数收盘几乎持 ...

Retail Performance & Trends - Target has been lagging behind its peers, particularly Walmart, despite different business mixes [1][2] - None of the major big box retailers, including Walmart, Costco, and Best Buy, have confirmed new highs in the S&P 500 [4][6] - Potential opportunity exists if retailers have beats and raises across the board, but this is considered unlikely [7] External Factors & Challenges - Retailers face headwinds related to the potential for a protracted trade war [5] - Investors are concerned about retailers without a "milk and eggs component" (essential goods), suggesting merchandise mix is crucial [14] - Tariffs' impact may only be significantly felt for half the quarter, and the market has already priced some of it in [13] - High credit card bills could negatively impact demand after the back-to-school season [15] Home Improvement Sector - Home Depot is considered an important stock, with details about the housing market being closely monitored [8][9] - High interest rates are seen as potentially beneficial for Home Depot, as homeowners are more likely to improve existing homes rather than move [10][12] - Home Depot expects its "pro business" to return to growth in 2025 [11] Resilient Retailers - Walmart and Home Depot are considered resilient in the face of tariff concerns [16]

Core Insights - Target (TGT) and Walmart (WMT) are both major retail stocks trading near $100, but they are experiencing different market dynamics, with Walmart at a 52-week high and Target over 35% below its peak [1][2] Q2 Expectations - Target's Q2 sales are projected to decline by 2% to $24.91 billion compared to $25.45 billion a year ago, with earnings expected to fall approximately 20% to $2.06 per share from $2.57 in the prior year [3] - Walmart's Q2 sales are anticipated to increase by more than 3% to $175.51 billion from $169.34 billion in the previous period, with EPS expected to rise by 9% to $0.73 from $0.67 [4] Stock Performance Overview - Walmart's core business, particularly in grocery and essential items, is thriving, contributing nearly 60% of its sales, while Target is more exposed to discretionary categories that are struggling [5][6] - Walmart's stock has gained 11% this year, outperforming the broader market and Amazon, while Target's shares have declined by 22% [7] Valuation Comparison - Target's stock is trading at 13.7X forward earnings, significantly lower than Walmart's 38.4X and the S&P 500's 24.6X, indicating a more appealing valuation despite Walmart's competitive advantage [9] - Target's valuation is also below its decade-long high of 30.4X forward earnings and its median of 15.7X, while Walmart is near its decade peaks [10] Dividend Comparison - Both companies are recognized as Dividend Kings, but Target offers a more attractive annual dividend yield of 4.43%, compared to Walmart's 0.94% and the S&P 500's average of 1.15% [12] Conclusion & Final Thoughts - Long-term investors may find Target's stock appealing due to its valuation, while Walmart's near-term outlook justifies a premium for its stock [14] - The investment decision hinges on whether investors prefer Target's long-term value or Walmart's growth and defensive safety in the current market [15]

Market Overview - Stocks opened cautiously higher but ended mixed, indicating potential volatility throughout the week as Wall Street anticipates clues on rate cuts from the upcoming Fed minutes and Jerome Powell's speech [1][6] - The July jobs report was significantly lower than expected, which has increased expectations for a quarter-point rate cut at the next Fed meeting in September, with some speculating a half-point reduction [2][5] Retail Earnings - Major retailers are set to report earnings this week, providing insights into consumer spending amidst higher tariffs and persistent inflation [7] - Walmart is expected to show strong underlying momentum in its fiscal second-quarter results, with a justified valuation of 38.5 times forward earnings due to significant margin expansion opportunities [8][9] - Target is anticipated to report year-over-year declines in both revenue and earnings, leading to a downgrade by BofA Securities to Underperform, with a lowered price target of $93, indicating over 11% downside potential [10][12] Competitive Landscape - Target faces increasing long-term sales and margin risks due to slowing digital sales growth, competitive threats from Walmart and Amazon, and various pricing pressures [11] - The consensus recommendation for Target among analysts is a Hold, with a mix of ratings reflecting cautious sentiment [12] Pharmaceutical Developments - Novo Nordisk's shares rose 3.7% following the accelerated FDA approval of its obesity drug, Wegovy, for treating a serious liver disease, which may help shift momentum for the company after a challenging start to the year [13][14]

Earnings Season Overview - The second quarter earnings season has been successful with more beats and raises than misses, particularly led by the Mag 7 stocks [1] - Nvidia's upcoming report is highly anticipated [1] Retail Sector Focus - This week's focus is on major retailers to assess price increases, inflation, tariff impacts, and consumer behavior [2][3] - Key retailers to watch include Walmart (WMT) and Target (TGT), along with home improvement retailers like Home Depot (HD) and Lowe's (LOW) [3] Home Improvement Retailers (Home Depot & Lowe's) - Home Depot (HD) has a strong earnings surprise track record with only one miss in the last five years [4] - Home Depot's earnings have declined in the last couple of years due to housing market conditions and tariffs, with a projected earnings decline of 1.4% to 4%, but a rebound is expected next year [5][6] - Lowe's (LOW) also has a great earnings surprise track record with earnings expected to decline but then recover, projecting a 2.4% to 4% gain this year and another in 2027 [7][8] - Both Home Depot and Lowe's shares haven't significantly declined as a turnaround is expected and priced in [9] General Retailers (Walmart & Target) - Walmart (WMT) has been performing strongly, with shares attempting to break out, and earnings looking better than Home Depot and Lowe's [9][10] - Walmart's valuation is at 38 times earnings, with a strong earnings surprise track record [10] - Target (TGT) is struggling with declining earnings, trading near 5-year lows, and a 15.6% decline expected for this year [12][13] - Both Walmart and Target are being watched for pricing strategies and consumer buying behavior, considering factors like back-to-school shopping and groceries [11][12][14] Specialty Retailer (Estee Lauder) - Estee Lauder (EL) has a strong earnings track record with mostly beats, but earnings have declined, especially due to the struggling Chinese consumer [15] - Estee Lauder's earnings are expected to improve in the next couple of years, but a 42% decline is expected this year [16] - Estee Lauder's forward PE is not cheap at 42 times, even with the share price decline [16] - Tariffs are impacting beauty products, with E.L.F beauty raising prices, and Estee Lauder's response is being monitored [18]

Retail Earnings & Tariffs Impact - Retail sector is facing a significant week with earnings reports from Home Depot, Target, Lowe's, and Walmart [1] - Potential impact of tariffs on the financial results of these retailers is a key concern [1] - Three out of the four retailers mentioned use accounting methods that could reveal the impact of tariffs [2] Companies to Watch - Home Depot's results will be released tomorrow [1] - Target and Lowe's will report on Wednesday [1] - Walmart's earnings are scheduled for Thursday [1]

美股今年二季度的财报已近尾声。 据悉，标普500指数成分股公司的营收、利润以超出预期为主。据慧甚(FactSet)最新数据，这些公司二 季度利润较上年同期增长12%左右，远高于分析师在7月初预测的5%的增幅。 本周零售业财报还将陆续公布，受到投资者关注。 高风险牛市 本季度美股财报整体延续了上季度的态势，表现较为出色。 在上一季度接近尾声时，市场预计标普500指数成分股公司第一季度利润同比增长约13%，盈利增长约 7%。进入二季度，随着特朗普关税政策的变动、债券市场紧张和通胀预期升高，市场不确定性逐渐升 温。不过，稳健的财报帮助股市挽回了春季动荡造成的损失。FactSet预计，标普500指数成分股公司二 季度利润将同比增长12%左右，远高于分析师在7月初预测的5%的增幅。 一系列利好消息助长了投资者信心：标普500指数已较4月份的低点攀升29%，今年以来的累计涨幅达到 9.7%。 投顾平台圣所财富(Sanctuary Wealth)首席投资策略师玛丽.安.巴特尔斯(Mary Ann Bartels)评价，"人们原 以为美国经济会放缓，就业会减速，这会对盈利产生负面影响。但这种情况并没有发生。" 但并非所有领域 ...

Core Insights - The article emphasizes the importance of creating engaging and educational financial content for various audiences, particularly focusing on thematic investing and market events [1] Group 1: Content Creation - The company specializes in producing written content in multiple formats, including articles, blogs, and social media, aimed at financial advisors and investment firms [1] - There is a strong focus on making financial data accessible and relevant, utilizing empirical data to support narratives [1] Group 2: Analytical Approach - The company analyzes various market sectors, including stocks, bonds, commodities, currencies, and cryptocurrencies, to identify macro drivers that influence asset classes [1] - Charts and visual tools are employed to simplify complex financial information and enhance storytelling [1] Group 3: Audience Engagement - The content is designed to resonate with everyday investors, providing insights in a concise and relatable manner [1] - SEO strategies and adherence to specific style guides are prioritized to maximize content reach and effectiveness [1]

Core Viewpoint - Target Hospitality Corp has announced a multi-year lease and services agreement to construct and provide comprehensive facility services for a regional data center campus in the Southwestern United States, indicating a strategic expansion into the technology infrastructure sector [1][5]. Group 1: Contract Details - The Data Center Community Contract has an initial term through September 2027 and is expected to generate approximately $43 million in committed minimum revenue over this period [3]. - The company anticipates realizing about $5 million in revenue from this contract in 2025 [3]. Group 2: Community Construction and Capacity - Target will construct a purpose-built Data Center Community that will initially support 250 individuals, with the potential to expand to approximately 1,500 individuals as demand grows [2]. - The construction will utilize a portion of the existing asset portfolio, resulting in a minimal net capital investment of approximately $6 to $9 million in 2025 [4]. Group 3: Strategic Implications - This agreement highlights Target's capability to deliver comprehensive turnkey solutions across diverse commercial end-markets, capitalizing on over $1 trillion in committed technology infrastructure investments announced since January 2025 [5]. - The contract broadens the company's customer reach and demonstrates its ability to support the growing demand in the technology infrastructure sector [6].