Bullish bets increase on Target

Target (TGT) has a bright fundamental future, according to Westwood Management fund manager Matthew Lockbridge.

Though next week's earnings report could show some trouble spots for the retailer, Lockbridge thinks Target is set for long-term gains as a solid management team guides it through a tough patch.

Options traders are also warming up to Target as the put/call ratio leans decidedly bullish.

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Comments (3)
  • Portage, MI
    , contributor
    Comments (200) | Send Message
    As to point #2 "Though next weeks earnings report could show some TROUBLE SPOTS for the retailer (TGT). Good luck with that.
    18 Feb 2014, 10:03 AM Reply Like
  • Billyspeed
    , contributor
    Comments (204) | Send Message
    Also re point #2: "solid management team?" This CEO was clueless during the recent hacking event. They were very slow to respond. Did not appear to understand the seriousness of the breach and, finally, when the CEO did appear on CNBC (way too late), he appeared unprepared with a "deer in the headlights" look. Hardly confidence building.
    18 Feb 2014, 10:51 AM Reply Like
  • Bob 88
    , contributor
    Comments (50) | Send Message
    Point #1 : "Future" needs to be defined. Future means long term. Long term means one year, two years, five years, or x number of years. If I jump in Target at the present entry price, I am sure that I will have numerous sleepless nights and nightmares before the "future" comes.
    Point #2: If the most recent news is true regarding the Target management ignored and rejected the IT recommendations to upgrade and checkup their security software two months before the security breach incident, I wonder how solid is the existing Target management. They are solely responsible for this massive security breach incident in the history of the United State. On top, their CFO was lying to the Congress.
    Point #3: I wonder the accuracy of using put/call ratio to predict the stock performance. In my own opinion, options are very risky gambling tools. Put and call options have 50-50 chance each. However, if the outcome is neutral, both put and call lose. Is the put/call ratio reliable?You judge yourself!
    18 Feb 2014, 11:03 AM Reply Like
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