(06-04-2023, 10:35 AM)homebiscuit Wrote: Here's the real reason Target's stock is dropping | CNN Business

Target’s stock has lost about a fifth of its value over the past two and half weeks. It’s not about what you may have heard.

If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling because of outrage over its Pride Month clothing.

It’s conceivable that some investors sold Target because of the negative coverage on Fox News and other right-wing outlets. But Target’s stock went on a nine-day losing streak and hit a three-year low this week because of broader changes in the US economy, the possibility of a recession, and Target’s over-exposure to discretionary merchandise, according to corporate executives and retail and investment analysts...

Feels like controlled demolition in the face of inflation. Same for Anheuser Busch. Blackrock and Vanguard also have the most invested in Target percentage wise and they're absolute behemoths financially on a global scale.

Means little to them if Target slips. I noticed in Publix last week that they have gone the Wal-Mart route with self checkout lanes. It's sad. We're seeing jobs being phased out little by little.



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