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X @Bloomberg
Bloomberg· 2026-01-26 14:26
Target's incoming chief executive officer acknowledged the “incredibly painful” violence in Minneapolis in a video message sent to employees Monday after a second fatal shooting by federal agents in the company’s hometown further inflamed tensions https://t.co/5jJyBwSpfv ...
X @CoinDesk
CoinDesk· 2026-01-26 13:15
Pudgy Penguins' evolution from NFT collection to consumer platform reveals a new model for tokenized IP.65B+ GIPHY views outpace Disney and Pokémon. Retail sales exceeded $13M across Walmart, Target, and Walgreens. Pudgy Party hit 500K downloads in two weeks.CoinDesk Research examines the blueprint, commissioned by @pudgypenguins.https://t.co/ajJrATqlA9 ...
Target Appoints Former Nike and HanesBrands Executives to Board of Directors
Prnewswire· 2026-01-22 16:00
Core Insights - Target Corporation has elected two new members to its Board of Directors: John Hoke, III and Steve Bratspies, reflecting its commitment to enhancing style, design, and value in its offerings [1][4] Group 1: New Board Members - John Hoke, III, former Chief Innovation Officer at NIKE, Inc., brings over three decades of experience in design-led brand building and product innovation [2] - Steve Bratspies, former CEO of HanesBrands, has a strong background in leading consumer businesses with a focus on merchandising and operations, having guided HanesBrands through significant transformations [3] Group 2: Board Committees and Responsibilities - John Hoke will join the Board on March 1 and serve on the Governance & Sustainability and the Compensation & Human Capital Management committees [5] - Steve Bratspies will join the Board on April 1 and serve on the Audit & Risk and the Infrastructure & Finance committees [5] Group 3: Strategic Focus - The appointments are part of Target's strategy to enhance governance and long-term value creation for shareholders, especially as the company prepares for growth under new CEO Michael Fiddelke [4][5]
Will JPMorgan Be Able to Reach Its NII Target of $103B in 2026?
ZACKS· 2026-01-22 15:56
Core Insights - JPMorgan expects net interest income (NII) to reach approximately $103 billion in 2026, up from $95.9 billion in 2025, despite a lower interest rate environment [1][8] - The NII forecast is contingent on market conditions and assumes two Federal Reserve rate cuts, with a target upper bound for fed funds near 3.25% [5] NII Breakdown - The projected NII for 2026, excluding Markets, is around $95 billion, indicating that Markets NII is expected to contribute approximately $8 billion, which is subject to variability [2][8] - Factors influencing NII include a projected decline in interest on reserve balances by about 92 basis points year-over-year and deposit margin compression [5] Consumer and Business Resilience - JPMorgan's CFO noted that consumers and small businesses are showing resilience, with no signs of deterioration across income groups [6] - In 2025, there was a notable increase in loan demand, particularly in Wholesale loans (up 17% year-over-year) and credit card loans (up 6%) [6] Strategic Developments - On January 7, JPMorgan signed an agreement to become the new issuer of the Apple Card, which has around $20 billion in receivables, although this transition is not expected to significantly impact NII in the current year [7] - A proposed cap on credit card interest rates at 10% could potentially pressure NII [7][9] Market Comparisons - Bank of America anticipates a 5-7% increase in NII for 2026, following a 7.2% growth in 2025, benefiting from a supportive rate environment and technology investments [11] - Citigroup projects a 5-6% growth in NII for 2026, after an 11% increase in 2025, supported by a stable rate environment [12] Valuation and Earnings Estimates - JPMorgan shares have increased by 1.8% over the past six months, trading at a price-to-tangible book (P/TB) ratio of 2.98X, which is below the industry average [13][15] - The Zacks Consensus Estimate predicts a 4.5% rise in JPMorgan's earnings for 2026, with a 9.1% growth expected in 2027 [16]
Torr Metals Advances Bertha into a Multi-Porphyry Cu-Au District with Second Permitted Porphyry Target
TMX Newsfile· 2026-01-22 13:30
Core Viewpoint - Torr Metals Inc. has identified a new porphyry-style copper-gold target named Bertha North, which significantly expands the potential of the Bertha area within the Kolos Copper-Gold Project in British Columbia, following recent 3D modeling of induced polarization survey data from 2025 [1][3]. Geophysical and Geological Insights - The Bertha North target is characterized by a moderate-to-high resistivity anomaly and a strong magnetic response, indicating the presence of magnetite-bearing intrusive rocks typical of an alkalic porphyry environment [2][3]. - Historical data shows an approximately 800 m by 500 m copper and gold soil anomaly in the area, with copper values reaching up to 528 parts per million (ppm) and gold values up to 20 parts per billion (ppb) [2][3]. - The presence of diorite and monzonite intrusions supports the interpretation of an intrusive copper-gold porphyry source [2][3]. Exploration and Development Plans - A fully funded Phase II drill program of up to 6,000 meters is planned to test multiple porphyry targets, including the newly identified Bertha North target [3][9]. - The 2025 induced polarization data indicates chargeability at depth, suggesting further prospectivity and the potential for a porphyry center beneath the resistive cap [3][9]. - Future exploration will include expanded IP coverage, geological mapping, and drill testing to evaluate the depth extent and grade potential of the Bertha North target [9]. Strategic Importance - The identification of Bertha North enhances the exploration potential of the greater Bertha area, indicating the presence of multiple porphyry-fertile intrusive centers and reinforcing the district-scale copper-gold opportunities at the Kolos Project [8][9]. - The strategic location of the Kolos Project, near established mining infrastructure, positions the company favorably for cost-effective exploration and development [11].
Spectral Capital Announces 42 Telecom Exceeds 2025 Financial Performance Target
Prnewswire· 2026-01-21 13:37
Core Insights - Spectral Capital Corporation's subsidiary, 42 Telecom Ltd., has exceeded its financial performance target for the year ended 2025, as per the Definitive Share Exchange Agreement [1][2] Financial Performance - 42 Telecom was required to achieve revenues of $16 million for the financial year ended 2025, and preliminary unaudited results indicate that it has surpassed this milestone [2][3] - The company believes it has fulfilled all financial performance obligations outlined in the acquisition agreement, with final audited financial statements currently being prepared [3] Strategic Validation - The achievement of exceeding financial targets shortly after acquisition is seen as a strong validation of the strategic rationale for acquiring 42 Telecom, highlighting the quality of its management and operational resilience [4] - The performance is viewed as a significant opportunity for long-term value creation within Spectral's portfolio, emphasizing the strength of 42 Telecom's operating platform and customer relationships [4] Integration and Future Focus - Spectral Capital is focused on the disciplined integration of 42 Telecom's operations into its broader communications and technology strategy, aiming for financial transparency and margin improvement [4] - Additional information regarding the acquisition and integration will be disclosed in forthcoming SEC filings [5]
FireFox Gold Reports High-Grade Gold Intercept of 27.48 g/t Au over 1.75m at New Target at the Sarvi Project in Lapland, Finland
Accessnewswire· 2026-01-21 10:30
Core Viewpoint - FireFox Gold Corp. has reported promising initial drilling results from its Sarvi gold project in Finland, indicating a high-grade gold zone that could enhance the project's value [1] Group 1: Drilling Results - The first results from the 2025 drilling at the Sarvi gold project show a high-grade gold zone of 1.75 metres averaging 27.48 g/t gold [1] - Within this zone, there is a notable section of 0.8 metres that averages 53.50 g/t gold, indicating significant mineralization potential [1]
Target vs. Macy's: Which Retail Stock Offers More Upside Now?
ZACKS· 2026-01-20 16:55
Core Insights - Target Corporation (TGT) and Macy's, Inc. (M) are both undergoing transformations in a changing consumer landscape, with Target having a market cap of approximately $51 billion and Macy's at around $6 billion [1][2] Group 1: Target Corporation (TGT) - Target is focusing on design-led merchandising and trend-forward owned brands to enhance its style-and-value positioning [4] - The company is experiencing digital momentum, with services like same-day delivery and pickup contributing to growth [4] - Capital expenditures are projected to increase by 25% to $5 billion in fiscal 2026 to support store remodels and upgraded fulfillment [5] - Advanced analytics are being utilized to improve demand forecasting and inventory management, resulting in a 150 basis point improvement in on-shelf availability year-over-year [6] - Despite operational improvements, Target faces challenges with muted demand recovery and declining sales projections for the fiscal fourth quarter [7] Group 2: Macy's, Inc. (M) - Macy's is advancing its omni-channel transformation through the Bold New Chapter initiative, enhancing both in-store and digital shopping experiences [8] - The company is benefiting from luxury segments, particularly through Bloomingdale's and Bluemercury, which contribute to higher-margin growth [9][10] - Operational modernization, including a new automated distribution center, is enhancing efficiency and delivery capabilities [12] - Macy's has reaffirmed its fiscal 2025 sales guidance, projecting net sales between $21.48 billion and $21.63 billion, with adjusted EPS expected to be between $2.00 and $2.20 [13] - The company is recognized for its strong cash generation and ongoing share repurchases, providing financial flexibility for its long-term strategy [13] Group 3: Comparative Analysis - Over the past year, Target's stock has decreased by 16.7%, while Macy's stock has increased by 55.4% [17] - Target's forward price-to-sales (P/S) multiple is 0.47, below its three-year median of 0.56, whereas Macy's P/S multiple is 0.27, above its median of 0.20 [19] - Macy's is viewed as a stronger investment candidate due to its disciplined store optimization and improving earnings visibility, while Target is facing near-term earnings pressure [20][21]
Daura Gold Announces Completion of 27 km of Induced Polarization Surveying and Advances Drill Target Definition at the Cerro Bayo Gold-Silver Project, Santa Cruz Province, Argentina
TMX Newsfile· 2026-01-20 13:30
Core Viewpoint - Daura Gold Corp. has successfully completed a significant geophysical survey at the Cerro Bayo Gold-Silver Project, which will aid in defining drill targets for an upcoming drilling program [1][2][4]. Project Highlights - The Induced Polarization (IP) profiling program covered 27 line-kilometers and identified 15 priority drill targets based on previous geochemical sampling and earlier surveys [5][6]. - The completion of seven Pole-Dipole IP survey lines has provided insights into potential mineralization across both northern and southern target areas [4][7]. Drilling Program - A Phase 1 drilling program is planned, consisting of approximately 1,500 meters across 22 diamond drill holes, targeting 15 identified drill sites [6]. - In the northern area, 8 drill targets will be tested with 8 holes for a total of 500 meters, while the southern area will see 7 targets tested with 14 holes for 1,000 meters [6]. Next Steps - In addition to the Q1 2026 drill program, the company has initiated a regional Gradient Array IP survey in the northern part of the license area to support the second phase of drilling [8]. Awareness Campaign - Daura Gold has entered into a service agreement with Resource Stock Digest to create and distribute reports, aiming to enhance awareness and interest in the company [9][11]. - The agreement is set for one year starting February 1, 2026, with a one-time fee of US$100,000, to be paid from the company's working capital [11]. Company Background - Daura Gold Corp. is listed on the TSX Venture Exchange and is actively exploring in Peru and Argentina, focusing on high-impact projects in the Ancash region of Peru and the Cerro Bayo/La Flora Project in Argentina [15][16].
Target Eyes FY26 as Turning Point on Investments in Tech & Remodels
ZACKS· 2026-01-19 18:46
Core Insights - Target Corporation (TGT) is positioning fiscal 2026 as a pivotal year, focusing on investments in its store fleet, digital capabilities, and operating model to enhance relevance and growth after years of fluctuating discretionary demand [1] Investment and Capital Expenditure - Capital spending is set to increase to approximately $5 billion in fiscal 2026, up from $4 billion in the current year, with funds allocated for technology upgrades, category resets, new larger-format stores, and an expanded remodel program [2] - Remodels are expected to drive reliable sales increases, while new stores are exceeding internal performance expectations [2] Technology and Modernization - Technology modernization is a key component of Target's turnaround strategy, utilizing machine learning and AI tools to enhance forecasting, inventory management, and personalization, resulting in a more than 150 basis points year-over-year improvement in the availability of top-selling SKUs [3][9] - The company plans its most significant store floor transformation in a decade, focusing on areas such as Home, Baby, Beauty, and Fun 101 to enhance customer experience and design-led merchandising [4] Organizational Changes - To support the new operational model, Target has reduced its headquarters staffing by approximately 1,800 roles, aiming to streamline decision-making and accelerate merchant workflows [5] Competitive Landscape - Target's stock has increased by 21.6% over the past three months, outperforming the industry growth of 9.5% [8] - The forward 12-month price-to-earnings ratio for TGT is 14.43, which is lower than the industry average of 31.94, indicating a potentially attractive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for TGT's fiscal 2025 earnings suggests a year-over-year decline of 17.6%, while fiscal 2026 is projected to see a growth of 5.9% [12]