Target earnings tip strong consumer spending

|About: Dollar Tree, Inc. (DLTR)|By:, SA News Editor

The retail sector got a jolt of energy this morning when Target sailed past Q2 estimates and raised its full-year profit guidance.

The strong read on consumer spending by the Minneapolis-based company could lift sentiment on a number of store chain stocks.

Premarket gainers include Dollar Tree (NASDAQ:DLTR) +2.0%, TJX Companies (NYSE:TJX) +1.3%, Dollar General (NYSE:DG) +1.0%, Walmart (NYSE:WMT) +1.1%, Costco (NASDAQ:COST) +1.0%, Five Below (NASDAQ:FIVE) +1.0% and Gap (NYSE:GPS) +1.0%.

Previously: Target EPS beats by $0.20, beats on revenue (Aug. 21)

Previously: Target soars after earnings smasher (Aug. 21)

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