What I Am Buying Today.

[fenders53]

(07-27-2022, 07:11 AM)divmenow Wrote: SHW on watch list now.  Down $35 pre-market. Still expensive at 36 times next years earnings. Will be looking for an entry under $180.

Big earrings still yet to come from AMZN. Will be interesting to see what they say.

There’s no way around the inventory glut. TGT will be next to warn. And we’re already in trouble Fenders, with Target or not lol. All these retailers over ordered and are now stuck with supply.  I was in Target last night and they were practically giving away TV’s lol. I would think Best Buy will be in big trouble as well going forward. TVs and big ticket items were a huge seller during the pandemic but now it’s a different story. Not to mention how much food costs are going up and high oil prices at the pump still. Consumers are feeling the pinch.

TGT cut their margin projections to 2% months ago so we shall see.  Want me to show you one of your posts from six months ago stating TGT does great in all economies when they were trading WAY about $200?  Don't make me do it.