Target Q1 Earnings will crush it
Q4 for Target wasn’t too hot I’ll admit. Got crushed playing earnings on the stock for the first time holding through the results. But I believe that Q1 will be vastly different. Q4 had loads of holidays sales, meaning profit margins were down. They also gave more hours to employees to keep up with the demand… but here’s the kicker. Demand isn’t slowing at all but hours are down. Plus no holiday sales. The Karens and various other creatures that prowl Target are now locked n loaded with stimulus checks. Just go to your local target bruh. It’s packed as shit and they’ve got maybe like 2-3 people on the registers. Cutting costs, no big sales cutting margins, and a steady flow of people stampeding to go into target will cause a massive earnings beat in May when they report again. So you might be wondering… “okay so we’re probably 2 months away from the next earnings report isn’t this priced in or will be priced in?”
Probably not. I predict Target will eclipse 200 and trade sideways until they report earnings in May. Even if they are above 200 when they report.. I think loading up post earnings calls 5-10% OTM will print nicely for anyone brave enough to take them.
I don’t know how much attention this post will get because WallStreetBets has changed a lot lol. All I see is gamestonk this amc that. That’s what happens when a bunch of normies invade a Sub-Reddit that used to actually have lots of good investment/yolo ideas that were backed by decent fundamentals.
TGT is loved by Karens and people spend all their money there idk why. Buy 5-10% OTM calls post earnings in May
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March 21, 2021 at 02:03PM