Target - Target is expected to report earnings soon, with analysts anticipating a soft performance this quarter, projecting an EPS of $1.76, which represents a 5% decline year-over-year on revenues of $25.3 billion, also down more than 1% year-over-year [7] - The stock has been on a downward trend, down 34% year-to-date, but is showing signs of consolidation around the $85 support level, with key resistance at $95.25 and $98.28 [6][4] - A potential trading strategy involves a calendar call spread, buying December 19th $90 calls and selling November 21st $90 calls for a debit of $1.25, with a maximum loss of $125 [9][10] TJX - TJX has performed well, up 20% year-to-date and 22% over the last 12 months, with analysts expecting revenue growth of about 6% and earnings of $1.22 per share [11][12] - The stock is making higher highs and higher lows, indicating an intact uptrend, with current support around $135 and resistance between $145 and $148 [13][15] - A bullish call vertical spread is suggested, buying the November 28th $145 calls and selling the $150 calls for a debit of $2.40, with a maximum loss of $240 and a maximum gain potential of $260 [20][21] Lowe's - Lowe's is expected to see revenue growth of over 3%, a reversal from the previous year's decline, with earnings projected at $2.97 per share [24] - The stock is currently in a downtrend but may be approaching a support level around $25.91, with potential buyers stepping in despite bearish indicators [25][28] - A long-term bullish strategy is proposed, buying January $240 calls for a debit of $4, with a maximum loss of $400 and a break-even point of $244, allowing time for a potential upside move [30][31]
The Big 3: TGT, TJX, LOW