After slipping from about $180 to a recent to a recent low of $156.33, Target (SYM: TGT) is rebounding. Last trading at $160.91, we’d like to see it retest its prior high of $180. It’s also just starting to pivot from over-extensions on RSI, MACD, and Williams’ %R.
Helping, analysts at Citi just upgraded the retailer to a buy rating, noting the company has emerged as one of the retail winners. The firm added, “We believe TGT has emerged as one of the winners within the retail landscape with an opportunity to improve EBIT margin in the years to come,” as quoted by CNBC.
Bank of America also reiterated its Buy rating on TGT on the argument gross margins will expand as comparable sales inflect positive again, as noted by Seeking Alpha. The firm’s gross margin forecast is ahead of the Street numbers for both Q1 and for the full year.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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