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Stock market today: S&P 500, Nasdaq futures rise ahead of Fed minutes, jobs review

1 month ago

Target (TGT) is out with a massive earnings beat this morning, 39 cents to be more precise. More analysis on the quarter from yours truly here.

I caught up with Target chairman and CEO Brian Cornell, and overall I came away somewhat impressed by how the quarter unfolded. The consumer responded to the company's new price cuts in food and falling inflation. They shopped discretionary areas of the store like apparel. And inventory theft is becoming less of a margin headwind.

But I will note this for the many Target bulls that will probably emerge today after this earnings beat. Walmart's (WMT) results were still much better, again.

Source: finance.yahoo.com

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