Target’s Promise & Peril
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 9 January 2018
⏱️ 14 minutes
🧾️ Download transcript
Summary
Target shares rise on strong holiday sales. Matt Argersinger analyzes the results and shares why Target’s e-commerce sales need to be even higher. Plus, Matt shares his preview for 2018 and we get an update on the race to a $1 trillion market cap.
Transcript
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| 0:00.0 | Support for Market for Market Fullry comes from our friends at Rocket Mortgage by Quick and Loans by Quick and Loans created Rocket Mortgage. |
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| 0:13.0 | To get started, go to rocket mortgage.com slash fool. |
| 0:16.0 | It's Tuesday, January 9th. |
| 0:20.0 | Welcome to Market Foolery. |
| 0:21.0 | I'm Chris Hill. |
| 0:22.0 | Joining me in studio for a million dollar portfolio. |
| 0:24.6 | Matt Argissinger. |
| 0:25.9 | Thanks for being here. |
| 0:26.9 | Thanks for having me. |
| 0:28.0 | We're going to dip into the full mail bag. |
| 0:29.4 | We are going to get Maddie's look ahead for 2018 but let's start with retail yesterday it was |
| 0:34.7 | coals today it is target shares of target up 3% this morning holiday same store |
| 0:40.8 | sales came in higher than expected they raised guns for the fourth |
| 0:43.8 | quarter and the full fiscal year nice starting to be a theme here it well in the |
| 0:49.4 | retail space well and it's yeah it's starting to be a theme and it's going to make it all the more horrible |
| 0:56.3 | for any significant bricks and mortar retailer who comes out and doesn't put up these kind of numbers |
| 1:02.1 | or doesn't do better than expected because |
| 1:04.5 | it's not going to be one of those situations where you can just say well it was just one of those |
| 1:08.9 | years. |
| 1:09.9 | That's right I mean because and I'll be the first to admit. I was probably way too pessimistic, |
| 1:15.8 | as probably a lot of us were looking at traditional retailers, and they've had a great holiday |
... |
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