Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer discussed after the Fed rate cut. Target was one of the companies mentioned by the Mad Money host while discussing the effect of rate cuts on retailers. He said:
“More broadly, retailers work when the Fed cuts, always have, always will. Here I’m thinking of companies like TJX, which underperformed today, Walmart, even Target, which could roar if it can demonstrate any sort of turnaround.”
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Target Corporation (NYSE:TGT) is a retailer that sells clothing, beauty items, groceries, electronics, home goods, and everyday essentials. Cramer discussed the stock during the November 20 episode and remarked:
“Next up, Target, oh jeez, this is a tough one. Target also reported yesterday, and this ailing big box retailer delivered yet another dispiriting set of numbers. We’re talking about a slight revenue miss, a nasty 2.7% decline in same-store sales, and a modest 7 cents earnings beat off a $1.71 basis. On top of that, Target slashed the high end of its full-year earnings forecast.
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Disclosure: None. This article is originally published at Insider Monkey.
