Target Is Up 56% and Reports Earnings Aug. 19. This Is the Only Reason I'd Need to Buy.
Investors need to see continued growth to believe in the stock's recovery.
Overview
Target (NYSE: TGT) stock has been on a tear since the end of last year, rising by more than 56% since the beginning of the year. Under new CEO Michael Fiddelke, the company now plans to spend around $5 billion revamping its stores and supply chain.
Investors will get a key update on its progress following its second-quarter earnings report on August 19. I already own the stock myself, but if I didn't, I would need to see one key sign to keep investors buying the stock.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.