By Brian M. Reiser As we come ever closer to the holidays, investors should keep a sharp eye on Target (NYSE: TGT). There are many reasons for this, but perhaps none more so than the continued pull of the legendary “Target Effect.”
Target’s stock price is up about 88% on the year. Compare that with other retailers like Walmart (NYSE: WMT) and Amazon (Nasdaq: AMZN) which are only up about 25% and 14%, respectively. And compare it with the S&P 500, which is only up about 24% on the year.
But… isn’t retail dead? And if so, why is Target enjoying such phenomenal performance …read more
