Investors are panicking as the Federal Reserve prepares to raise interest rates to cool off inflation. The Nasdaq entered correction territory, defined as a 10% pullback from a previous peak, and the Dow Jones Industrial Average and the S&P 500 were hovering on the brink of that this week, showing every sector is getting hit. Target (NYSE: TGT) has arguably performed better than any brick-and-mortar retailer during the pandemic, but the stock still looks cheap at a price-to-earnings ratio of just 16. Read More...
MarketWatch
Dow’s stock gains after profit, sales rise above expectations
Shares of Dow Inc. gained 0.2% in premarket trading Thursday, after the materials science company reported fourth-quarter profit and sales that rose above expectations, and said it expects supply chain pressures to ease through the year. Net income rose to $1.74 billion, or $2.32 a share, from $1.24 billion, or $1.65 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share was $2.15, above the FactSet consensus of $2.03. Sales grew 34.2% to $14.36 billion, outpa
