Wall Street

Target Follows Walmart Down The Rabbit Hole Of Margin Compression

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In hisDaily Market Notes report to investors, while commenting on Target, Louis Navellier wrote: Target’s EarrningsTwo steps forward, one step back. Yesterday’s impressive rally was accomplished despite a major disappointment in Walmart (NYSE:WMT) profits. This morning, Target (NYSE:TGT) followed Walmart down the rabbit hole of margin compression, citing rising labor and fuel costs. The shares tanked 25% and have dragged down almost the entire retail sector. One exception today is TJX, a retailer who beat top & bottom and is up over 11%, albeit only a recovery back to March levels. This was es…

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