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Target sales boosted by stimulus checks, economic reopening

Retail & ConsumerTarget forecasts more sales growth after bumper quarter Nivedita BaluAishwarya Venugopal 3 minute read A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan McDermid/File Photo Target Corp (TGT.N) on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials. Shares rose 4% after the retailer also forecast growth in comparable sales for the last two quarters of the year, countering Wall Street s fears of a sales drop, as it keeps pace with surging sales recorded during the pandemic s peak.

Target forecasts rising sales after bumper quarter as more Americans return to stores

Target expects a more profitable 2021 after quarterly sales soar

U.S. stocks mixed, yields rise on Fed minutes U.S. Fed will leave the punch bowl out for investors to get tipsy : Invesco strategist Stan Wong s Top Picks: May 19, 2021 Cathie Wood buys more Tesla amid Musk Bitcoin spat, Burry shorts Squarespace shares given US$50 reference price for NYSE debut Bitcoin whipsaws investors with same-day plunge, rally of 30% Burry of Big Short fame places big bet against Musk, Tesla Fund managers say long Bitcoin is the most crowded trade in the world Ares gets US$500M from Ontario Pension for credit deals Bitcoin chartists see rout worsening with $40,000 in focus

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