TGT
Target Corporation
stockNYSE

📰 Morning market news, Wed 28 Oct 2026 🌍 Global cues ▪️ Asian Markets Today: Kospi Logs Biggest Single-Day Gain In 58 Sessions On SK Hynix Results; Nikkei Rises 1.5%, Fed In Focus • Japan\'s Nikkei 225 rose 1.08%, while the broader Topix index gained 0.58%. • Broadcom shares rose around 4%, while Advanced Micro Devices (AMD) climbed 5.5% and Micron Technology gained 2.8%. ▪️ Dollar holds gains ahead of Fed policy signal, RBNZ decision • The US dollar is sticking close to a two-week high ahead of crucial central bank policy announcements. • The Federal Reserve is anticipated to maintain its current interest rates, while market watchers speculate on future actions. ▪️ Gold edges higher ahead of Fed policy decision • As anticipation builds for the Federal Reserve's interest rate decision today, gold prices have experienced a minor uptick, reaching $4,061.86 per ounce. • Market participants are keenly awaiting the Fed's report alongside crucial Personal Consumption Expenditures data that influences inflation strategies. 🛢️ Commodities ▪️ Bharti Airtel, MCX, Laurus Labs look bullish on charts: Chandan Taparia • Readers are advised to exercise discretion. • Buy BHARTI AIRTEL | CMP ₹1,978 | SL ₹1,920 | TGT ₹2,100 Bharti Airtel stock has given Flag breakout on daily chart and holding well above the same. ▪️ Oil Prices Today: Brent Crude Back Above $115; What's Driving The Rebound? • Officials from Saudi Arabia, Pakistan and Turkey held discussions with Iranian leaders on Monday as regional powers explored ways to de-escalate the conflict. • Brent, the international benchmark, was trading 1.22% higher at $115.10 a barrel at the last check. ▪️ India’s crude basket price tops $120 a barrel amid West Asia war • The current October monthly average price is the highest in 14 years since March 2012 ($123.61 per barrel). • On Tuesday evening, Brent was ruling at $114.6 a barrel. 🇮🇳 Indian market ▪️ Sensex Today | Stock Market Live Updates: GIFT Nifty down 250 points; Jio Platforms listing today • On the downside, the 22,650 - 22,700 zone is turning out to be a support cluster for the index. ▪️ Sensex today | Stock Market Live: Nifty 50, Sensex to open on cautious note; Q2 results, US Fed decision in focus • Sensex, Nifty, Share Prices Live: Gift Nifty at 22,595 signals a gap down opening of 200 points. • The focus will also be on US Federal Reserve’s policy outcome, that will be known later tonight. ▪️ Vinay Rajani expects Nifty to rally above 22,800; shares 2 stock ideas • Readers are advised to exercise discretion. • Vinay Rajani, CMT, Senior Technical Analyst, HDFC securities Nifty View After yesterday's smart recovery from lower levels, Nifty ended flat at 22,749. 🏦 Economy & RBI ▪️ Rupee edges up to 95.11 against dollar on likely RBI intervention • On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. • The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency. ▪️ RBI Governor Sanjay Malhotra flags need for 'prudent borrowing' as states face fiscal management challenges • RBI Governor Sanjay Malhotra urged states to improve spending quality, adopt prudent borrowing and strengthen cash management to ensure fiscal sustainability. 🏢 Companies & results ▪️ Q2 Results LIVE Updates: L&T, Waaree react to results; HUL, Adani Ent, Pidilite report today ▪️ SBI Life posts 11% growth in Q2 net profit • SBI Life Insurance has unveiled an impressive 11% net profit growth year-on-year for the September 2026 quarter, alongside an 8.2% rise in net premium income. • For the first half of FY27, net profit rose 17% to ₹1,274 crore from ₹1,089 crore in the year-ago period. ▪️ L&T profit jumps 33% on strong order inflows • Revenue for the quarter rose 16% year-on-year, reaching ₹78,750 crore, driven by progress in various projects. • The company secured orders worth ₹1,47,665 crore during the quarter, marking a 28% year-on-year growth. 🆕 IPO ▪️ M K Sons Fine Jewels IPO opens today: GMP, price band, brokerage views and key dates • M K Sons Fine Jewels plans to use ₹152.8 crore of the net proceeds to establish a new showroom in Maharashtra and expand an existing showroom in Gujarat. • Another ₹30 crore has been earmarked for debt repayment, with the balance intended for general corporate purposes. ▪️ Jio Platforms IPO listing today: Should investors chase listing gains or hold for the long term? Experts decode • With expectations of a healthy listing premium, investors are weighing whether to book short-term gains or hold the shares for long-term wealth creation. • Over the past 25 sessions, the IPO's GMP has remained volatile, moving within a range of ₹125 without showing a consistent upward or downward trend. 🏦 FII/DII (27 Oct): FII +₹4,240 cr · DII −₹1,250 cr 👉 Full stories & live market updates: follow

You’re partially right about the drop off, but you're cherry picking. Your numbers on the core business and foot traffic are way off. The tariff benefit in Q2 was actually $1.65 per share after-tax ($994M pre-tax), not $0.82. However, calling the underlying core business "eroding" isn't supported by the actual numbers: * Foot Traffic is up, not down: Store & digital traffic grew +3.6% YoY in Q2. Stores comped +2.7% and digital comped +8.7% (driven by >25% growth in Same-Day Delivery). * Organic Earnings grew 20%: Reported Q2 EPS was $4.11. If you completely strip out the $1.65 tariff refund, core EPS was $2.46, which is still up 20% YoY compared to $2.05 in Q2 2025. * Sales Growth: Net sales grew +5.3% YoY in Q2, and management raised full-year organic guidance to ~5% sales growth. * High-margin growth: Roundel (their ad network) grew revenue +28.6% YoY, and gross margins expanded ~100 bps organically off supply chain and inventory fixes. Even excluding the entire tariff windfall, TGT raised their full-year base EPS guidance midpoint by $0.75. You're spot on that the headline $4.11 EPS has a non-recurring tailwind, but organic earnings and store traffic are both trending up, not down.