TGT trade ideas
Target Corp TGT Daily -Oversold and CHEAP enough to buy I tallied up the last four quarters of earnings from the last 4 earnings reports and came to this conclusion:
$55.79 last / $4.03 TTM earnings = 14 times trailing earnings = 7.1% earnings YIELD
Given all of the problems TGT has had in the last year and they can still generate a decent profit then I think they can turn this ship around. I know it looks ugly but when you look at the valuation it gives enough margin of safety to generate a decent risk versus reward investment here.
I added some great fundamental data to the bottom of the graph: I added TOTAL REVENUES (in $Billions) and Target's AFTER TAX MARGIN. It shows flat revenues and a sharp drop in their margins. Granted, Wall Street thinks in a straight line many times and assumes that a falling line (after-tax margins) will continue to fall when in fact they already may have reached a bottom and are basing out and poised to rise.
I also have shown many of the earnings reports and how those levels create important support and resistance going forward. I also added the 1-year earnings trend-line (in light red) that connects 2 earnings reports that are 1-year apart. It is also interesting that these "lines" which no one sees, actually are somewhat useful at seeing support and resistance.
I think Target is cheap enough to buy here and I have labeled a box to represent the zone where I think the risk-reward makes sense. I would risk 3 times the average daily range upon entry on the long side of TGT.
Tim 12:35PM EST, Friday, May 23, 2014
TGT reports before the bell WednesdayTarget reports earnings before the bell Wednesday. Data breach dec 19th, fired ceo, customers lost, effects .70 estimate? Walmart disappoints with their earnings and forward guidance. Have not decided yet what to do, if anything, but if they disappoint, some well placed put options could reward Wednesday, and if the markets slide down this week, which my radar says may happen. $$$
TGT Long WeeklyTarget recently completely redid their company security structure and the
market responded buy heavy buying confirmed with heavy volume and a huge reversal bar on the weekly..
I look for continued buying as the bears over did it.. Target is extremely well
run however like any major company is subject to a gaff in operations. I remember the new Coke in the
1980's and how Coke fought its way back for huge gains after that debacle. Any dips should be bought and
I look for TGT to retest its highs long term Target has a unique nich in how they market products particularly to younger shoppers in their sector
File This Under : 52 Week Low / Spoof On TraderStewieTraders are the most interesting people on the planet. We are always looking for clever ways to sustain this un-known through our discussion with the trade; i.e, descending wedges, alerts for repetition of price, red candle pivots, "go, go" (that is always at a high pitch and loudly spoken). This post is to demonstrate what a 52-week low looks like, how you can be involved or stay clear. For me this was a simple Ruby read on the one hour & fifteen. We are back around again to how the noun can move and does move price, so a deeper study in a group session would be cool. Sincerely, Beauty
TGT Short weeklyTarget is clearly bearish and I look for support around 59 bucks which is the Kijun on the Monthly Ichimoku.
They guided lower for 2014 and with the credit card mess this target is likely to be hit. Any rally on the daily should be sold. XRT is under performing as well.
This is a good example of a great company making a huge mistake. Like Coke in the 1980's with new Coke which was a utter disaster. They are well managed so I look for buyers to step in at some point though and it will be a great long
TGT swing trade w/ bracketDetailed swing trade for TGT. Limit buy at 65 flat with a bracket in to stop loss exit -1.5 points and stop profit exit +5 points. Inverted head and shoulders indicating more upside.
TGTExpect this one to do the "Cha Cha" for awhile as it consolidates. Run to 67.00 in the making soon.
TARGET IS WAY OVERSOLD!!!!Target is oversold and at a discount price. It is in a long uptrend on the weekly chart butit is in one of the valleys right now. This is a great buying opportunity with minimum risk and high reward.
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think it crazy for a target of 78.
Before market close 9/12/13
HAPPY TRADING!!!
PAIRS: GOOG and TGT (again)It's very interesting to see just how similar these two stock charts are.
It's hard to tell which one is which and yet they couldn't be more different.
Good old fashioned retail sales and good new fashioned high tech and yet they are moving to the beat of the same drummer.
I've pointed out this pair before and hope some of you have made some money buying TGT versus being short GOOG.
Hope we can graph ratios in the near future so you can see just exactly what the return would be by going long TGT and short GOOG at times when it is opportunistic to do so.
Cheers.
Tim
4:15PM Tuesday, April 9, 2013 (Eastern Standard Time, Market is closed)
