TGT

Target

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-$86.95 -36.87%
Luka 🦉's avatar
$103.4m follower assets
Target 💸 $1.08/share (in-line)
While the $TGT's stock got hammered in the last few months, its dividend is safe and strong. This stock is also personally delivering a +197% return right now. So happy with this investment.
Yield 2.72%
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Dividend Preview - Week of 9/5
Below are my expected dividends this week and how I plan to use them:

Taxable
$PFE - $0.40 per share, $6.49 total, reinvesting
$BLV - $0.24 per share, $0.50 total, cash
$VTEB - $0.09 per share, $0.65 total, cash
$RTX - $0.55 per share, $0.58 total, reinvesting
$LQD - $0.30 per share, $0.62 total, cash
$TIPX - $0.23 per share, $2.35 total, cash
$HE - $0.35 per share, $2.16 total, cash
$TGT - $1.08 per share, $4.32 total, cash

Roth IRA
$EMB - $0.31 per share, $1.30 total, reinvesting
$LQD - $0.30 per share, $1.22 total, cash

Do you have any dividends coming in this week?
August Portfolio Review
Interesting month in August. Some macro events driving markets, rollercoaster in the oil space and the ever evolving inflation landscape.

Here is how my portfolios reacted and performed this month:

Overall Top 12
Not very much change in my Top 12, just some shuffling. $AAPL price increase moved it from #8 to #7. $TGT rose from #12 to #11. Other than that, no changes.

Taxable Portfolio
% Change (vs S&P): -2.64% (+1.33%)
Contributions: $94
Dividends: $16.92 (+29.9% over August '21)
Buys: None
Dividend Reinvestments: 0.0216 shares of $CARR, 0.0055 shares of $AAPL, 0.0301 shares of $ABBV, 0.0070 shares of $O
Sells: None
Cash: 1.75%

Top 5 Positions:
  1. $CMA (13.4%)
  2. $VTI (11.9%)
  3. $VEA (7.0%)
  4. $VWO (4.9%)
  5. $PFE (4.5%)

Historic Trend:

Roth IRA
% Change (vs S&P): -2.79% (+1.18%)
Contributions: $50 (thanks @commonstock)
Dividends: $10.34 (+54.6% over August '21)
Buys: None
Dividend Reinvestments: 0.0056 shares of $LOW, 0.0163 shares of $EMB, 0.0427 shares of $CARR, $0.0511 shares of $SBUX
Sells: None
Cash: 1.83%

Top 5:
  1. $VTI (12.2%)
  2. $VNQ (11.4%)
  3. $SBUX (9.4%)
  4. $VIG (9.1%)
  5. $HD (7.2%)

Historic Trend:

Thanks for following along on my journey. Glad to be able to share here and hold myself accountable with all of you! Would love to hear any thoughts or comments below!
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What was running through your mind when Target had that big drop in May? Did it make you want to sell, add more, or indifferent?


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My August Returns Are In!... And The Good Trend Continues
Retirement Portfolio
In August, I opened two new positions in $NET and $PCOR. I added to three times to $MKL , $TYL, $MCD, and $WM as part of my 401k DCA and added to no other positions. Another relatively quiet month. I also added to $JPM, $AAPL, $SBNY, $COST, $O, and $SBUX via DRIP. I exited $MTCH and sold 32% of my shares in $BMBL.

My retirement portfolio was down 2.54% in August but that was less than my benchmark SPY portfolio (down 4.41%) and benchmark QQQ portfolio (4.51%). I'm now down 37.40% YTD compared to my SPY benchmark at 16.52% and QQQ benchmark at 21.72%.

My best performing retirement positions YTD:
  • $SWAV is up 96% YTD
  • $EGIO is up 17% YTD
  • $WM is up 14% since I started buying a couple months ago

My best performing retirement positions in August:

My top 10 positions now make up ~35% of my portfolio. The top 6 remain in the same order of $MELI, $AAPL, $AMZN, $F, $GOOGL, and $SHOP. $SWAV jumped up from 9th to 7th after a great month with great earnings with $NVEE, $SIVB, and $COST rounding out the top 10.

Looking forward to September, I'm contemplating exiting my $SQ position. I'm turned off by Jack's comments and his insistence on $BTC.X being the be all and end all. I don't mind the crypto exposure but the Bitcoin only hardline is narrow-minded in my opinion. If you made me czar, I'd actually just have Square exit their crypto entirely and focus on what they're good at.

I'm also considering exiting $MMM in my 401k and replacing it with one of $ABBV, $BEP, $DEA, $HSY, $MKC, $MTN, $TGT, $TROX, $UNP, or $UPS but I need to research them first before deciding.

Taxable Portfolio
In August, I only added to $DT. No positions in this brokerage pay a dividend so there was no DRIP and I did not exit any positions.

My taxable portfolio had a second great bounce back month, up 9.56% after being up 13/67% in July. My benchmark SPY portfolio was down 3.64% and my benchmark QQQ portfolio was down 4.18%. I'm now down 30.15% YTD compared to my SPY benchmark at 14.84% and QQQ benchmark at 21.43%.

My best performing taxable positions YTD:
  • $TMDX is up 172% YTD for me. Wowsers.

  • $MSP with a 39.49% return YTD - RIP as is had such a great return because it was acquired.

  • That's it. None of my other 14 positions are positive. Whomp whomp.

My best performing taxable positions in August:

My top 10 positions continue to make up ~90% of my portfolio as I only have 14 positions in this brokerage. The top 10 remains basically the same with $SNOW, $TMDX, $ATZAF, $SILK, $DT, $LMND, $NCNO, $CPNG, $OM, and $BIGC.

Looking forward to September, I already added to $ATZAF as my monthly add. I don't expect to make any other moves but we shall see.
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Paul Cerro's avatar
$36.4m follower assets
It's All About "Perspective"
Just because some retailers have beat sales estimates recently does not mean they're out of the woods yet.

Take a look at 12 companies in this week's "Chart of the Week" that shoes how dire the inventory situation has become.


Giuliano's avatar
$2.1m follower assets
Inflation Loves Eating Margins
$TGT Target reported second quarter results today:

Revenue of 26bn, up 3% YoY.
GM was 21.5% vs 30% last year.
Operating income of 321M, down 87%.
Op Inc Margin was 1.2% vs 9.8% last year

Guidance 2022: Low-mid single digit growth with an op margin of about 6% in 2H

"This year's gross margin rate reflected higher markdown rates, driven primarily by inventory
impairments and actions taken to address lower-than-expected sales in discretionary categories"

Target is kind of an extreme example of 'Inflation Loves Eating Margins'.

FCF was negative this Q with Exp in Prop and Eq doubling.

Here's an exctract from '100 Baggers', which is in turn an extract from the 1983 Warren Buffet Shareholder letter on this point:
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I love it when real world examples are linked to well-known books like this. Really helps illustrate the timeless lessons in a current format.

To make sure I'm understanding this correctly— is Target an example of a business with a lot of net tangible assets, which ends up being terrible in an inflationary environment because you have inventory impairment and you need new inventory (and more inventory) to try and sell more to keep up with inflation?

Am I following?
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Fed Meeting Minutes May Shed Light on ‘Pivot’ Debate
Good morning contrarians! $TGT just reported disappointing earnings but maintained guidance. Some bad news out of China and Europe is weighing on futures…

Retail sales from the Census Bureau out at 0830. Fed meeting minutes out at 1400 this afternoon. This could be interesting just because of the debate about a ‘Fed pivot’ that we’ve been seeing. Specifically whether other members of the FOMC are also speaking about this move to neutral rate policy or if that was just Jay Powell shooting off his mouth.

More here:
Erick Mokaya's avatar
$102.2m follower assets
While everyone focused on $NVDA earnings, I think it's worth taking a look at $TSN earnings
After reporting earnings, $NVDA fell 6.3% while $TSN fell 8.45%.

For Nvidia, people are saying that Pelosi sold her shares at a loss because she knew ahead of time that the earnings were bad. Personally, I think that it was because she knew that a Chinese invasion of Taiwan would happen soon and that it was better to get out now than take a gamble that there will be a better time to sell later.

As for Tyson Foods, their shares fell the most in two years as inflation lowered their meat sales and increased their operating costs. Interestingly, beef sales volume was higher for the quarter while the sale of pork and chicken were lower. Even if beef sales did better for the quarter, year to date, they're still down.

It's expected that meat prices will rise as farmers scale back herds due to the rising cost of feed. In the article, I found it scary that it mentions that "[t]he American cattle herd is already the smallest since 2015."

I wouldn't be surprised if $TSN sees a correction similar to what $WMT and $TGT have endured for telling investors that inflation has squeezed their profits margins. Hopefully, the company will find ways to manage its costs and expand its cattle herd to feed the growing world population.

In the meantime, with lower meat volumes and the company betting on higher meat prices to save their profits, I think that the company will still see its shares trending lower. Investors are starting to not see Tyson Foods as a "flight of safety" play and are starting to see this company in the same light as Walmart, Target, and other retail and shipping names.
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Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.