Analysts Rush to Catch Up with Surging Target

Macy's and BJs Wholesale stocks are lower after earnings

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MIDDAY MARKET CHECK     11/21/2019
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Stocks Drop on Retail Woes, Trade Uncertainty By Karee Venema Share On The U.S. stock market is lower at midday, as traders digest a new round of retail earnings, with Macy's (M) and BJs Wholesale Club (BJ) the latest to turn in disappointing results. Wall Street is also waiting on fresh U.S.-China trade updates --  with the latest reports indicating Beijing invited American negotiators to hold face-to-face talks -- and eyeing a larger-than-expected rise in weekly jobless claims. Against this backdrop, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are pacing for a third straight loss, while the Nasdaq Composite (IXIC) is poised for back-to-back drops. The tech stock slapped with a new "sell" rating. Analysts rush to catch up with surging Target stock. Plus, Medtronic puts pop; L Brands sees a strong holiday season; and Seadrill slumps as chairman exits. >> Continue reading...
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