Oil breaks US$100, Wall Street retreats and bond yields rise, inflation is becoming the market’s biggest risk again Global markets are starting Thursday in a more defensive position. Brent crude has broken above US$100 a barrel , U.S. Treasury yields are pushing higher, and Wall Street fell for a third straight session as investors reassess whether central banks may need to keep tightening rather than easing. For Malaysian investors, the key chain today is increasingly clear: Oil → inflation → interest rates → bond yields → USD/MYR → Bursa valuations. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,636.36, -0.48% 🇺🇸 Dow Jones 52,380.66, -0.77% 🇺🇸 Nasdaq 26,253.34, -0.64% 🇲🇾 FBM KLCI 1,714.34, virtually flat 💵 USD/MYR ~4.06 🇺🇸 U.S. 10Y Treasury ~4.84% 🇺🇸 U.S. 2Y Treasury ~4.42% 🥇 Gold ~US$4,396/oz 🛢️ Brent crude US$101.21/bbl 🛢️ WTI crude US$96.05/bbl ₿ Bitcoin ~US$79,300 🇯🇵 Nikkei ~64,760, -0.6% this morning Brent jumped about 3.4% Wednesda...
Target Corporation (NYSE: TGT) is set to release its second-quarter earnings on Wednesday before the market opens. Investors are watching closely to see whether improving store visits and digital momentum can offset mounting challenges from tariffs and intensifying competition.
Earnings Snapshot:
Revenue Estimate: $24.93 billion (vs. $25.45 billion YoY)
EPS Estimate: $2.05 (vs. $2.57 YoY)
Historical Performance: Missed in Q1; 6/10 beat on revenue, 7/10 on EPS
Analyst Sentiment: Cautious
- Bank of America: Downgraded to Underperform, PT cut to $93→ Concerned about digital slowdown, margin pressure, and tariff exposure (50% of COGS from imports)
Telsey Advisory: Maintains Market Perform, PT $110
Truist: Hold, PT raised to $107
Evercore ISI: In-Line, PT raised to $108
Key Themes to Watch:
Store Visits: Q2 traffic down 3.1% YoY, but recovering from Q1’s -4.1%
Digital Sales: Strong Q1 digital growth, particularly in same-day delivery
Circle Week Boost: July 6–12 promo may uplift July results
Back-to-School Sales: Early indicators may shape Q3 outlook
Ulta Partnership Ending: Ends Aug 2026—investors await replacement plans
Risks and Opportunities:
Opportunities:
Digital fulfillment and designer brand collaborations (e.g., Kate Spade)
Moderating store traffic declines
Risks:
Tariff Impact: Target more exposed than Walmart (50% vs. 33% import reliance)
Competition: Walmart and Amazon expanding grocery & essentials
Guidance Risk: Another EPS guidance cut could pressure shares
Stock Snapshot:
Current Price: $105.44
YTD Performance: -21.98%
52-Week Range: $87.35 – $167.40
Bottom Line: All eyes are on whether Target can stabilize growth amid competitive and macro headwinds. Another miss or downward guidance revision may weigh heavily on investor confidence
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