Target Aims Higher

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4.7 • 1.7K Ratings

🗓️ 13 July 2017

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Target rise on upbeat guidance. Uber makes a deal in Russia. And Snap gets some good news.

Transcript

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0:00.0	It's Thursday, July 13th.
0:03.8	Welcome to Market Fullery.
0:05.0	I'm Matt Greer.
0:06.0	Joining me in studio, we've got Matt Arger Singer from Motley Full Million Dollar Portfolio
0:09.8	and Ron Gross from Total Income.
0:12.0	Guys, welcome. How you doing. Thanks, Income. Guys, welcome.
0:13.0	How you do.
0:13.5	Thanks, Mac.
0:14.2	Guys, I'm doing well and Facebook Live today,
0:16.8	so look sharp.
0:18.3	Bump it up.
0:19.3	Stand up straight. Okay, and let's start with some sharp news, some good news from a retailer. You don't hear that sentence very much.
0:25.2	Target, Ron, boosting its earnings forecast. Target also said it expects to see, quote, a modest increase in comparable store sales.
0:34.1	Well, well, well.
0:36.4	Took me by surprise if you recall last quarter's results were characterized
0:41.0	I believe by an analyst and I stole this, as, quote, less bad.
0:45.0	Less bad.
0:46.0	Less bad is theoretically somewhat good.
0:48.6	And we seem to see a follow-through here now with Target. So does this make a trend? I say not yet, but we see a
0:55.8	follow through and the details are light because this is not an earnings
1:01.1	release, it's just an earnings
1:02.9	guidance boost, but they are seeing an improvement in traffic.
	...

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