Target plunges 26% as soaring costs lead
the retail giant to widely miss quarterly
earnings expectations and cut its profit guidance
Posted By: NorthernDog, 5/18/2022 2:18:14 PM
Target shares sank on Wednesday, as surging costs resulted in a big miss in quarterly earnings and a reduced outlook. The stock fell as much as 26% to $159 by midday, the lowest price since November 2020. Target's first-quarter earnings announcement caught the attention of the broader equity market, with US stock futures swinging lower following the release. Consumer staples stocks were the worst-performing during the regular session, with their collective 5% drop fronting the S&P 500's nearly 2% decline. "Throughout the quarter, we faced unexpectedly high costs, driven by a number of factors, resulting in profitability that came in
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
Below, you will find ...
Most Recent Articles posted by "NorthernDog"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
NorthernDog"
SEOUL — One of President Biden’s security officers was arrested and accused of assaulting a South Korean citizen in Seoul a few hours before Biden arrived in the country, according to South Korean police. The individual was detained early Thursday, an official with Seoul’s Yongsan district police said Friday. The official, who spoke on the condition of anonymity because he was not authorized to discuss the incident, declined to comment further. South Korea’s Chosun Ilbo newspaper, which first reported the case Friday, said the suspect was allegedly drunk and got into a fight with a South Korean over a taxi
California energy officials issued a sobering warning this month, telling residents to brace for potential blackouts as the state’s energy grid faces capacity constraints heading into the summer months. And since the state has committed to phase out all new gas-powered vehicles by 2035 — well ahead of federal targets — the additional load from electric vehicle (EV) charging could add more strain to the electric grid. “Let’s say we were to have a substantial number of [electric] vehicles charging at home as everybody dreams,” Ram Rajagopal, an associate professor of Civil and Environmental Engineering at Stanford University, who authored
OREGON CITY, Ore. — — Thousands of ballots with blurry barcodes that can't be read by vote-counting machines will delay results by weeks in a key U.S. House race in Oregon's primary election, a shocking development that is giving a black eye to a vote-by-mail pioneer state with a national reputation as a leader on voter access and equity. (Snip) Elections workers must pull the faulty ballots from batches of 125, transfer the voter's intent to a fresh ballot, then double-check their entries — a painstaking process that could draw the election out until June 13, when Oregon certifies its vote. The workers
WASHINGTON — The United State Senate on Thursday overwhelmingly passed a $40 billion aid package for Ukraine in its war against Russia. However, three Democratic senators were not present for the final vote, including one from Ohio. Sen. Sherrod Brown was not on the floor due to what is being called a health concern. Brown's office told the Associated Press he woke up "not feeling well" and ended up undergoing tests at George Washington University Hospital, and is currently resting at home. Brown was expected to be a firm "yes" vote on the bipartisan bill, having previously said that Ukraine "needs
Progressive Democrats caught a much-needed break on Tuesday night, after coming up short in an earlier spate of elections this cycle. The progressive left is claiming victory in three key House races in Oregon and Pennsylvania, though votes are still being tallied. Should their candidates prevail, it would give them momentum heading into a busy summer of primary elections, in which Democrats from across the party's ideological spectrum are fighting to ensure their side has the upper hand. The Democrats that surged ahead on Tuesday night "were unashamed in defining that they are progressive," said Kristal Knight, a Democratic strategist
Harley-Davidson Inc (HOG.N) said on Thursday it will suspend vehicle assembly and shipments for a two-week period, excluding those from its electric-vehicle division LiveWire, due to a parts issue related to a supplier. The iconic motorbike maker said the decision was made after a third-party supplier, which was not named, informed Harley about a regulatory compliance matter relating to its component part. The company began outsourcing bike production for shipment to the EU from the United States in 2018 in response to retaliatory tariffs imposed by the EU on steel and aluminum products. Harley-Davidson did not immediately respond to a
A national gas station chain is reprogramming its pumps in Washington state to accommodate $10-a-gallon fuel as the nation's average gasoline price soars to $4.57-a-gallon, almost twice the $2.41 average during Trump's last month in office. Other gas stations in the state have begun running out of gas as supplies become crunched, with reports saying at least 10 stations have run dry. (Snip) A spokesperson for '76' gas stations confirmed that the national chain has begun reconfiguring its pumps to 'make room' for the possibility of double-digit prices, The Post Millennial reported. The spokesperson for '76' did not comment on
Target shares sank on Wednesday, as surging costs resulted in a big miss in quarterly earnings and a reduced outlook. The stock fell as much as 26% to $159 by midday, the lowest price since November 2020. Target's first-quarter earnings announcement caught the attention of the broader equity market, with US stock futures swinging lower following the release. Consumer staples stocks were the worst-performing during the regular session, with their collective 5% drop fronting the S&P 500's nearly 2% decline. "Throughout the quarter, we faced unexpectedly high costs, driven by a number of factors, resulting in profitability that came in
RALEIGH, N.C. — U.S. Rep. Ted Budd has won a crowded Republican primary for retiring GOP Sen. Richard Burr’s seat in North Carolina. Budd’s win is also a victory for former President Donald Trump, who elevated the little-known congressman with a surprise endorsement nearly a year ago. A super PAC affiliated with the conservative Club for Growth spent millions on ads supporting Budd and attacking his chief rival, former Gov. Pat McCrory, as too liberal. McCrory was considered a moderate in the 14-candidate primary but is best known nationally for signing a “bathroom bill” targeting transgender people in 2016 that
Parents from Missoula, Montana, expressed frustration over an alleged questionnaire which was handed out to the Sun Sentinel freshman high school class which asked about the students' sexual orientation, according to NBC Montana. The questionnaire, according to the outlet, asked questions like, "99 percent of reported rapists are heterosexual. Why are straights so sexually aggressive?" The outlet reported that there were 15 questions in total, including, "When did you choose your sexual orientation?" "Who assumes the dominant role and who assumes the passive role in a straight relationship," Katie Kutz, a resident of Missoula, said during a Tuesday Missoula County
Reps. Liz Cheney, R-Wyo., and Adam Kinzinger, R-Ill., are condemning Republican House leadership for promoting or failing to denounce extremist ideologies — such as the “great replacement” conspiracy theory — that police say motivated the alleged gunman in Saturday’s deadly mass shooting at a supermarket in Buffalo, N.Y., where 10 people were killed. Almost all of the victims were Black. “The House GOP leadership has enabled white nationalism, white supremacy, and anti-semitism,” Cheney tweeted on Monday. “History has taught us that what begins with words ends in far worse. @GOP leaders must renounce and reject these views and those who
'A real muck-up': Democrat hoping to replace
Lauren Boebert apologizes for Pueblo blunder 12 replies
Lauren Boebert apologizes for Pueblo blunder 12 replies
Democrat Adam Frisch, who's hoping to run for the U.S. House of Representatives seat held by Rep. Lauren Boebert, said Thursday he wants to make amends with a Pueblo restaurant and other businesses that were affected by a "muck-up" during his kickoff election tour of Colorado. Frisch planned to stop at barbecue restaurants in towns and cities in Colorado District 3, which Boebert currently represents, on a 1,100-mile campaign tour last week. But poor communication and even worse research led to parts of the tour, including the Pueblo leg, being disastrous. Before the tour, Frisch was told that his campaign
Most Active Articles (last 48 hours)
Vladimir Putin's state TV propagandists have targeted the new White House press secretary Karine Jean-Pierre in a rant where they suggested she only got the job because she is black and gay.
The Russian state TV hosts laughed as they said Jean-Pierre will be 'replaced' in a month or two by a 'white, heterosexual male'.
They claimed Jean-Pierre, who is the first black, gay and immigrant woman to hold the position of White House press secretary, was not chosen for her 'professional abilities'.(Snip)Popov added: 'I read many books, graduated from a University, I did my PhD thesis on such and such a topic, I speak many
Do you know what it’s technically called when “government takes control of the means of production?” Yeah, that.
This afternoon Joe Biden invoked the Defense Production Act giving Health and Human Services the legal authority to control the supplies needed for the creation of baby formula (how it is made), and the authority to determine distribution equity (who gets it).
White House – “[T]he authority of the President conferred by section 101 of the Act to require performance of contracts or orders … is delegated to the Secretary of Health and Human Services with respect to all health resources, including the ingredients necessary to manufacture infant formula.”
Criminals getting blown up by retired Marines is just hilarious as heck.
Who better to deal out such righteous justice than a United States Marine, who has had more than enough of people stealing his packages from his porch. I’m not saying he handled the situation in the most legal fashion, nor will I say this is the best way to deal with porch thieves. However, I will say that I’m glad he went about it the way he did because it’s hilarious.
A Democrat witness testifying before the House Judiciary Committee on abortion rights Thursday declared that men can get pregnant and have abortions.
Aimee Arrambide, the executive director of the abortion rights nonprofit Avow Texas, was asked by Rep. Dan Bishop, R-N.C., to define what "a woman is," to which she responded, "I believe that everyone can identify for themselves."
The rhetoric from ABC’s The View has steadily grown more and more dangerous and possibly inciting, as co-host Sunny Hostin spent part of Thursday’s show maligning all 74 million Republican 2020 voters by calling them the “biggest domestic threat” to the country after House Republicans opposed a Democratic-led effort against so-called “domestic terrorism.” Both she and co-host Sara Haines scoffed at concerns that slapping on labels could lead to a slippery slope.
Wicked witch of the woke Nina Jankowicz
resigns as Disinformation Governance Board
is put on 'pause' 25 replies
resigns as Disinformation Governance Board
is put on 'pause' 25 replies
Just when I thought the Biden administration was beyond shame, it (at least temporarily) pulled the plug on the Disinformation Governance Board, causing the buffoonish Nina Jankowicz to resign. I can't recall a speedier and more embarrassing belly flop of a government initiative than the announcement of this transparently Orwellian state organ, headed by a cringeworthy exhibitionist besotted with her own musical talent and purported wisdom. The astonishing lack of forethought in choosing Jankowicz as the arbiter of truth, when she is on the record affirming that Hunter Biden's laptop was Russian disinformation (even the Washington Post and New York Times have given up the ghost on that fraud),
Who is hedge fund CEO David McCormick?
A recent fundraiser sponsor in New York for David McCormick was the founder of a consulting firm representing the controversial Dominion Voting Systems. McCormick also made big bucks lobbying for Communist China. McCormick moved back to Pennsylvania to run in the GOP Senate race after Sean Parnell dropped from the race.President Trump had this to say about McCormick at a recent rally in Pennsylvania.In the closing weeks of the 2022 primary election Dr. Oz and Kathy Barnette pulled ahead of David McCormick. Oz was up 7 points. Barnette was up 5 points on McCormick.
The Evangelical Lutheran Church released a statement Tuesday stating opposition to the Supreme Court's leaked draft opinion that could overturn Roe v. Wade.
The ECLA, a medium-sized denomination with approximately 3 million members in the U.S., made the announcement via their website and social media. Bishop Elizabeth Eaton, the head of the ECLA, cited the church's 1991 social teachings document as the basis for the church's support of abortion access. (snip) “[While] the leaked draft does not represent the Supreme Court's ruling in its final form; nevertheless, it contradicts this church's teaching."
In what some are calling an epic 'Freudian slip,' former President George W. Bush accidentally called the invasion of Iraq 'wholly unjustified and brutal' while speaking about Russia's invasion of Ukraine. Bush made the embarrassing gaffe in a speech at his presidential center in Dallas, where he spoke about the importance of fair elections and slammed Russia's autocratic system.
'The result is an absence of checks and balances in Russia, and the decision of one man to launch a wholly unjustified and brutal invasion of Iraq,' Bush said, before shaking his head and correcting himself. 'I mean, of Ukraine.' As the audience fell into awkward silence, Bush muttered
Vladimir Putin's state TV propagandists have targeted the new White House press secretary Karine Jean-Pierre in a vile racist and homophobic rant where they suggested she only got the job because she is black and gay.The Russian state TV hosts laughed as they said Jean-Pierre will be 'replaced' in a month or two by a 'white, heterosexual male'. They claimed Jean-Pierre, who is the first black, gay and immigrant woman to hold the position of White House press secretary, was not chosen for her 'professional abilities'.
Gas prices in the US reached a new record high Thursday - recording a national average of $4.589 per gallon - with analysts at JPMorgan now warning that that number could surpass the $6 mark by the end of the summer.'There is a real risk the price could reach $6+ a gallon by August,' Natasha Kaneva, head of global oil and commodities research at the prominent investment bank, told CNN Tuesday. The concerning forecast comes as US gas prices have surged to previously unseen highs during Joe Biden's presidency.The nation's current average gasoline price, $4.58-a-gallon, stands as nearly double the $2.41 average seen during
Disney Launches LGBTQ Clothing Line for
Children and Older, Donating Profits to
LGBTQ Groups 19 replies
Children and Older, Donating Profits to
LGBTQ Groups 19 replies
As it continues to wage war against Florida’s Parental Rights in Education law, the Walt Disney Co. has launched an LGBTQ-themed apparel and accessories line called the “Disney Pride Collection” and will donate all profits through June 30 to groups that support “LGBTQIA+ youth and families.”The merchandise, which is geared for both children and adults, features rainbow-themed motifs imposed on familiar Disney brands, including Star Wars, Marvel, and Pixar. Some items feature slogans including “Belong, Believe, Be Proud.”
Comments:
The effects of inflation are battering the stock market. Target's stock is being slaughtered.