Why Target is a Hold in the Wake of Strong Holiday Numbers
Ariel Aharnovich, Author at Seeking Alpha, discusses Target's updated outlook in the wake of strong holiday sales numbers. He explains why he thinks the stock is a strong hold.
Aharnovich digs into recent predictions by some analysts that say Amazon might purchase Target this year to expand its brick and mortar business. We talk the ins and outs of this potential move and why Target may not be the best purchase Amazon could make in 2018.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
