The Dow Jones pared early losses Tuesday, along with the Nasdaq and S&P 500, as oil and gas stocks outperformed again. Read More...
Investor’s Business Daily
Target Stock Plummets On Guidance; Kohl’s Spikes On Takeover
Target stock tanked Tuesday morning, triggering a broader landslide among retail stocks, after the retail giant downgraded its second-quarter guidance. Target (TGT) is the most recent large company announcing plans to shore-up operations in the face of worrisome economic conditions. The Minneapolis-based company slashed its Q2 operating margin forecast to 2%, down from 5.3%. After the announcement, Target stock dropped…
