{
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Target"s stock plummeted over 15% after missing quarterly earnings and cutting guidance, reflecting cautious consumer spending. In contrast, Walmart exceeded expectations and raised its outlook, prompting analysts to increase price targets, while TJX Companies saw a nearly 3% drop due to lower fiscal guidance despite better-than-expected third-quarter results.
Delta Air Lines anticipates sales growth in 2025, driven by strong travel demand and high-end consumer spending, projecting mid-single digit revenue growth compared to 2024. The airline plans to expand its flying capacity by 3% to 4% and aims for a 10% annual increase in adjusted earnings over the next three to five years. With 57% of its revenue now from premium seats and loyalty programs, Delta has successfully shifted its focus to high-spending travelers, capitalizing on wealth growth among affluent households.
Target is set to report its fiscal third-quarter earnings, with expectations of $2.30 per share and $25.90 billion in revenue. Despite price cuts on over 10,000 items to attract budget-conscious shoppers, the retailer has struggled with foot traffic and sales, projecting comparable sales growth in the lower half of its previous range.
Nvidia"s stock rose nearly 5% to $147.01, with a significant 196% increase in 2024, as it prepares to report earnings. Retail giant Target also reports, while Walmart"s stock hit a new high after solid results. Delta Air Lines and United Airlines continue to see substantial gains, with Delta up 61% in 2024. Meanwhile, three utility companies—NiSource, Sempra, and Vistra—reached all-time highs, with Vistra gaining nearly 24% in November alone.
Earnings season is under scrutiny as major retailers prepare to report their holiday outlooks, following a recent market selloff. Key players like Walmart, Target, and TJX Cos. will address consumer sentiment and the potential effects of President-elect Trump's tariff proposals on their businesses.
Stock futures opened slightly higher as Wall Street anticipates a significant earnings week, particularly from Nvidia on Wednesday. The Dow dipped 16 points, while S&P and Nasdaq futures saw minor gains. Concerns over interest rates persist, following comments from Federal Reserve Chair Jerome Powell, as the S&P 500 ended last week down 1.3%.
Jim Cramer highlighted key earnings reports next week from Nvidia, TJX, and Walmart, advising caution amid market uncertainties. He suggested a small position in Vertiv and recommended waiting for pullbacks before investing in Walmart and Target, while expressing optimism for Medtronic and Viking Holdings. Cramer also noted potential sell-offs for Nvidia and Palo Alto Networks post-earnings, and indicated interest in Gap and Intuit, pending market conditions.
This week sees a continued rise in the US dollar amid a less dovish stance from the Federal Reserve, with rate-cut expectations for December dropping to 60%. Key earnings reports from companies like NVIDIA are anticipated, while the RBA and UK CPI data will be closely monitored for insights on inflation and monetary policy. Japan's core CPI shows signs of easing, but rising wholesale inflation raises concerns about future price pressures.
US equity markets fell as inflation data and comments from Fed Chair Powell dampened rate cut expectations, with a 25 basis point cut now at 60%. In Australia, the ASX 200 faces pressure from ongoing commodity trends, while job growth slightly missed forecasts. Key economic indicators are set for release next week, including UK CPI and US housing data.
On November 13, 2024, major analyst calls were made regarding several prominent companies, including Apple, Micron, Tesla, Instacart, Spotify, Netflix, Cava, and Target. These insights are crucial for investors and market watchers looking to navigate the current economic landscape.
Target Corporation
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
retail stocks react to earnings reports as consumers tighten spending
15:16 20.11.2024
delta projects sales growth in 2025 driven by high-end travel demand
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12:31 20.11.2024
target set to report third quarter earnings amid holiday season challenges
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market movers nvidia target walmart and airline stocks in focus
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01:44 20.11.2024
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11:00 18.11.2024
stock futures steady as traders anticipate nvidia earnings and economic outlook
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00:05 18.11.2024
Earnings Reports from Nvidia Walmart and TJX Highlight Uncertain Market Ahead
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00:50 16.11.2024
global economic outlook as inflation data and earnings season unfold
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07:26 15.11.2024
us markets decline as inflation data and fed comments weigh on investors
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06:34 15.11.2024
wednesday analyst highlights apple tesla netflix and more
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Target Corporation
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14:10 13.11.2024
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