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The Real reason Target‘s stock is dropping

Posted on 6/2/23 at 10:32 pm
Posted by Sneakerhead42
Davidson, NC
Member since Dec 2014
2397 posts
Posted on 6/2/23 at 10:32 pm
LINK

CNN back at it again with this classic piece. I felt sick halfway through reading this garbage. They can’t be serious??
Posted by Dig Deep
North Shore
Member since May 2022
183 posts
Posted on 6/2/23 at 10:35 pm to
STOP THE BS! LOLOLOL
Posted by Chef Curry
Member since Mar 2019
3011 posts
Posted on 6/2/23 at 10:39 pm to
Guess the same applies to Tranny Light as well?
Posted by Lightning
Texas
Member since May 2014
3118 posts
Posted on 6/2/23 at 10:47 pm to
It’s weird how they mention that all the other retail stocks are suffering but don’t give comparison numbers.

Walmart is down 1.2% over the past month.

Target is down 13.8%.

But but but… Target sells more discretionary items than Walmart!

Amazon is largely discretionary purchases and they are up 19.87% over the past month.

Posted by OysterPoBoy
City of St. George
Member since Jul 2013
43550 posts
Posted on 6/2/23 at 10:48 pm to
quote:

and Target’s over-exposure to discretionary merchandise


And for some reason we can’t determined people started getting very discretionary these last couple weeks.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
154937 posts
Posted on 6/2/23 at 10:49 pm to
Cliffs for those who refuse to give CNN clicks?
Posted by ReauxlTide222
St. Petersburg
Member since Nov 2010
89703 posts
Posted on 6/2/23 at 11:00 pm to
quote:

Cliffs for those who refuse to give CNN clicks?
It’s an article, written by shel, concluding that Target’s stock is falling yeah, but so are other retail stocks.

shel cherry picks about 3 other stocks to make its point. The other 3 stocks haven’t fallen even 50% as much as Target’s. Footlocker was one of the examples.

That’s all the data they give and the rest just says “seeeeeeee, fig/tranny clothes has nothing to do with this.”
Posted by McLemore
Member since Dec 2003
34984 posts
Posted on 6/3/23 at 8:39 am to
This is perfect. Let them live in denial.
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