Today we are watching…
1. Target (#target)
US retailer, Target, is on track to report its earnings today and its analysts are upbeat about its prospects. The company performed well over the first few months of 2019, with its adaptive strategy keeping in line with the fast-moving industry. Its same-day delivery, restock program and improved in-store infrastructure have all helped drive strong sales this quarter which will likely filter through positively into this earnings report. Even though gross margins shrunk slightly, analysts are still confident about today’s announcement. Don’t blink or you might miss it!
2. Advance Auto Parts (#advaut)
Advance Auto Parts is also releasing its earnings today, and things also seem to be shaping up nicely for the announcement. The auto parts industry has been performing relatively well over the last few months with rival, Autozone, producing some impressive results yesterday. This may filter through into some positive sentiment for today’s announcement. Advanced Auto Parts also managed to surpass estimates in the trailing four quarters, let’s see if it can keep up the hot-streak.
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