Retail Stock Poised to Pop After Earnings

Target Corp (NYSE:TGT) is 9.7% higher before the bell, after the retailer reported fourth-quarter earnings and revenue that beat Wall Street's estimates. The company saw profits of $2.98 per share on $31.92 billion in revenue, and announced a new membership program. On the other hand, Target's comparable sales declined for the third-straight quarter, and it forecasted another year of declining sales.Today's premarket gains have TGT on track to open above $164, its highest trading level since May. Shares are ...