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TGT is a dividend... something. I'm blanking on the name, but it's part of a group of stocks that annually increase their dividend. Right?
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Jun 1, 2023 21:02
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Aristocrat? E: They are indeed on the list
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Jun 1, 2023 21:16
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Agronox posted:Anyone doing anything of note now that debt ceiling shenanigans are starting to come into full focus? I put on some index shorts but haven't actually sold any of my longs. Update on this: closed the shorts days ago when they were profitable, but since then added some puts which I sold at a decent loss today. So, netting everything, minor loss, or, cheap insurance that didn't pay out. I'm surprised this went down as smoothly as it did given the composition of the House. Oh well, moving on...
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Jun 1, 2023 22:01
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I've been more or less doing calls or puts depending on the day. everything has been very profitable but I don't get a direction out of the market at the moment. Especially with this from today which screams recession/stagflation. https://twitter.com/financialjuice/status/1664324962717696001
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Jun 1, 2023 22:10
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I started positions in DG and TGT today. Too big a discount to pass them up; they're not going anywhere.
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Jun 1, 2023 22:29
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FistEnergy posted:I started positions in DG and TGT today. Too big a discount to pass them up; they're not going anywhere. Assuming TGT isn't going back to it's covid era highs any time soon, what's the 2023 price target here? 150? 160?
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Jun 1, 2023 23:00
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Sokani posted:Aristocrat? YES!
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Jun 2, 2023 02:40
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drk posted:Assuming TGT isn't going back to it's covid era highs any time soon, what's the 2023 price target here? 150? 160? 150-155 seems reasonable
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Jun 2, 2023 04:22
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Options Gamma data actually shows 180 by eoy if we don't crash but sub-90 if we do.
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Jun 2, 2023 04:27
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I opened a position in VZ literally the day before Amazon announces plans for a mobile service and VZ cratered 5% I give up e: I also picked up SQM before Chile announced it would nationalize lithium mining and the stock got trashed  Follow me for unlucky investment advice Syrinxx fucked around with this message at 15:35 on Jun 2, 2023 |
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Jun 2, 2023 15:30
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VZ sounds like an overcorrection. I think I'll sell some puts on that expecting a reversion.
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Jun 2, 2023 20:14
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Shear Modulus posted:Conservatives never shopped at target anyway. It was always the kerry voter version of walmart. Target and Walmart demographics always seemed more split on income than on politics IMHO.
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Jun 4, 2023 00:18
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Target shoppers are overwhelmingly upper-middle class whites who loudly proclaim how much they care about diversity. WalMart shoppers are extremely diverse and also somehow have unironically white supremacist viewpoints. The duality of...something
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Jun 4, 2023 00:41
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Subvisual Haze posted:Target shoppers are overwhelmingly upper-middle class I don't think the upper middle class' organic store brand mac and cheese and discount Tupperware needs are driving Target's bottom line, but it love to hear more
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Jun 4, 2023 01:34
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Oops, the upper-middle classes of the parts of America that God forgot. You are correct that in the blessed places Target is purely a middle-middle class phenomena.
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Jun 4, 2023 02:50
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Whole Foods or that insane grocery store in LA that had like $25 smoothies are the stores for conspicuously broadcasting your extra disposable income and class markers. Target's just, like, the slightly nicer version of Wal-Mart.
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Jun 4, 2023 02:59
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Target is Wal-Mart for Temporarily Embarrassed Millionaires
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Jun 4, 2023 03:49
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Williams Sonoma, Crate and Barrel, Whole Foods (plus your hyper local organic artisanal groceries) are the Target of the upper middle class Target is a vacation from Walmart; both of these are pretty solidly middle class establishments Dollar General and Dollar Tree are bottom tier, where the people who live in the food deserts shop, this is a pretty well documented fact that this is their target market mrmcd posted:Whole Foods or that insane grocery store in LA that had like $25 smoothies are the stores for conspicuously broadcasting your extra disposable income and class markers. Target's just, like, the slightly nicer version of Wal-Mart. This guy gets it
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Jun 4, 2023 04:06
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Hadlock posted:Williams Sonoma, Crate and Barrel, Whole Foods (plus your hyper local organic artisanal groceries) are the Target of the upper middle class Half the walmarts i've seen are in everything deserts
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Jun 4, 2023 04:09
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^^^ This ^^^ Wal-Mart steadily runs all the small businesses out of town until they're all that's left, and they can only offer a handful of managerial-level positions and a ton of part-time work. Subvisual Haze posted:Target shoppers are overwhelmingly upper-middle class whites who loudly proclaim how much they care about diversity. Target is where surburban people go to buy anything and everything. Wal-Mart is where rural people go to spend an afternoon or evening and/or to buy anything and everything. Some small towns have a Wal-Mart and not much else.
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Jun 4, 2023 04:50
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Red posted:Wal-Mart is where rural people go to spend an afternoon or evening and/or to buy anything and everything. Yup. I lived in a smaller college town of ~10k for a couple years while my SO was in grad school. Walmart and a regional chain grocery that wasn't any higher quality than Walmart were the only options. Nearest Target was around 80 miles away in the closest major city. Between my town and the Target there were 2 or 3 smaller towns that also had Walmarts. This county went blue both Trump elections but everyone still shopped at Walmart. e: before this I hadn't shopped at Walmart more than a couple times in my life. After this my opinion is Target is just an overpriced version of Walmart, as the quality isn't much different, and if I had to go to one I'd try to find a Walmart over Target for most things. Splinter fucked around with this message at 05:23 on Jun 4, 2023 |
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Jun 4, 2023 05:20
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Splinter posted:Yup. I lived in a smaller college town of ~10k for a couple years while my SO was in grad school. Walmart and a regional chain grocery that wasn't any higher quality than Walmart were the only options. Nearest Target was around 80 miles away in the closest major city. Between my town and the Target there were 2 or 3 smaller towns that also had Walmarts. This county went blue both Trump elections but everyone still shopped at Walmart. I can't decide if WMT is going to be a reliable retail stock forever, or if the bill will eventually come due. Wal-Marts exist as the only place to go in so many crippled towns and communities that, eventually, the working poor they've crushed will just cease to be able to support the stores. Link: https://www.nj.com/business/2023/04/walmart-store-closings-2023-see-the-full-list.html Wal-Mart did have a significant number of locations close. Granted, a lot of the locations in the link above are urban (and I went to the weird DC location), but they cite 'financial losses' (and the theft thing turned out to be bullshit). Maybe it's better to cheer for Wal-Mart to eat poo poo instead of investing in the bad guys we think will make a ton of money.
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Jun 4, 2023 06:00
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Red posted:I can't decide if WMT is going to be a reliable retail stock forever, or if the bill will eventually come due. Wal-Marts exist as the only place to go in so many crippled towns and communities that, eventually, the working poor they've crushed will just cease to be able to support the stores. My preferred phrase for this phenomenon is "strip mined the opportunity from the place" but your flowery language is acceptable as well
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Jun 4, 2023 06:11
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As of 2022, Walmart sells over 25% of America's groceries. Target sells 3.5%. Costco, Kroger, Sam's Club, and Publix all have larger market shares for groceries than Target. source. It's safe to say that Walmart dominates the market for groceries for both lower and middle class shoppers, and there are far more Walmart stores in the US (Walmart Supercenters. 3,561 ; Walmart Discount Stores. 361 ; Neighborhood Markets. 677 ; Convenience Store. 8) than Targets (1,954 Target stores) which suggests there are about twice as many local areas with a walmart and no target than areas where both exist. Walmart has 6.3% of the entire retail sales in the US. https://www.demandsage.com/walmart-statistics/ Amazon has 37.8%, but Walmart is #2. I can't find a number for Target's total market share, but it's a leader in "department store" sales, whatever that means. Walmart 2022 revenue: $572.754B Target 2022 revenue: $109.12B Investopedia says that the middle class is about 50% of the population, while the lower income segment is about 29% and the upper income segment is 21%. https://www.investopedia.com/financial-edge/0912/which-income-class-are-you.aspx Based on that, and the sales numbers, I don't think it's possible that all or even most of Walmart's revenues come from the lower income segment. My guess is that Walmart accounts for more retail sales, both generally and for groceries, for the entire lower 79% of America, compared to Target.
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Jun 4, 2023 07:16
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Walmart generally has 20% or more of their floor space devoted to grocery; Target feels like, well it varies by store but 0-15% id guess. Their produce section is often bananas apples and oranges same as you'd see at a corner grocery trying to meet the bare minimum to sell alcohol in that area. Eggs or raw meat is pretty hard to find at a target.
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Jun 4, 2023 09:48
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Target is a much better option for clothing. It also feels more upscale and less depressing than Walmart.
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Jun 4, 2023 15:35
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FistEnergy posted:Target is a much better option for clothing. It also feels more upscale and less depressing than Walmart. Well said, I feel the same way, almost exactly. Walmart makes me despair. Actually have TGT on one of my watchlists but I don't want to own any retail unless it's cheap (and I'd view TGT as more like "reasonable" right now).
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Jun 4, 2023 17:30
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It doesn't get very cold here but every 3-4 years I'll go there to top off on winter gloves and scarves and hats, or pick up an emergency pair of pants. In the last year I bought a pair of swim trunks and flip flops from Walmart. The flip flops were actually somehow worse than I expected, they did not make it back home with me. I think we're still figuring out the equilibrium point for formula retail, seems like it's leveled off, and people are getting more wary of buying stuff on Amazon because of counterfeits
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Jun 5, 2023 00:23
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Target is for people who are more than an hour from costco
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Jun 5, 2023 00:29
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Leperflesh posted:Amazon has 37.8% This is actually pretty Incredible.
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Jun 5, 2023 01:12
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Leperflesh posted:As of 2022, According to that math, roughly 33% of the middle class is upper middle class which is ~16.7% of the total population. I don't think they spend tremendously more at target than the bottom two thirds of the middle class, they just save more and live in marginally better homes and drive slightly more reliable cars That investopedia article appears to be leaning hard on this pew research publication https://www.pewresearch.org/short-reads/2022/04/20/how-the-american-middle-class-has-changed-in-the-past-five-decades/
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Jun 5, 2023 02:31
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Baddog posted:This is actually pretty Incredible. 6 Walmarts lol. Can’t buy delivery trucks warehouses and semi trucks fast enough. The real anything anywhere all at once.
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Jun 5, 2023 04:31
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shame on an IGA posted:Target is for people who are more than an hour from costco Costco is what people here seem to think Target is. It tilts shockingly heavily towards the six figgy demo. $5 rotisserie chicken remains unbeatable through it all.
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Jun 5, 2023 06:22
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Baddog posted:This is actually pretty Incredible. Right? Casually sitting at 6x Walmart's market share. It's completely passe these days to comment on the dominance of "e-commerce" or tech megacorps but holy poo poo, that is nuts.
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Jun 5, 2023 06:24
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Apple is supposed to announce their VR headset today, which the VR thread seems to think is going to blow the meta (facebook) quest 3 out of the water Is there any playbook for apple (new) product release day stock burps quote:Apple's WWDC 2023 keynote event is set to be held at 10:00 a.m. Pacific Time on Monday, June 5. https://www.wired.com/story/apple-vr-headset-sent-rivals-scrambling/ quote:RUMORS THAT APPLE will announce a virtual reality headset at its Worldwide Developers Conference on Monday have sent competitors into a frenzy. Meta announced its new Meta Quest 3 on Thursday. Lenovo released its latest ThinkReality VRX headset. S Hadlock fucked around with this message at 08:42 on Jun 5, 2023 |
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Jun 5, 2023 08:39
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 I can immediately decipher CNBC's "concerned older dude" or the "toothy-grinned junior trader" but this Skittle-haired woman is a new one. Help me read the tea leaves. How is Monday going to turn out? Hadlock posted:Apple is supposed to announce their VR headset today, which the VR thread seems to think is going to blow the meta (facebook) quest 3 out of the water Cool, but Meta fumbled its VR goggles and, regardless, it still seems like a niche product category. Plus they all have a slightly creepy aspect to them. Google Glass at least had a slightly more discreet look to it, maybe Apple can tap into that.
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Jun 5, 2023 14:14
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LLCoolJD posted:I can immediately decipher CNBC's "concerned older dude"... Is that the one that looks like Bruce Dern?
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Jun 5, 2023 15:11
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Sand Monster posted:Is that the one that looks like Bruce Dern?  sort of yeah
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Jun 5, 2023 16:16
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Hadlock posted:Apple is supposed to announce their VR headset today, which the VR thread seems to think is going to blow the meta (facebook) quest 3 out of the water Is anyone even excited for this thing? The VR hype peaked years ago and per the norm it did not live up to it. I just cant see this making a difference after everything that happened with Meta.
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Jun 5, 2023 16:48
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Nobody's going to be buying the apple headset for games or even much content creation but it will sell like hotcakes as a professional services marketing tool if it's shiny, comfortable and not too stupid looking on the user. $3k is peanuts for say an architecture firm to make their client feel shiny and futuristic in a pitch presentation and they'll only be wearing it for a minute or two
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Jun 5, 2023 17:00
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