$Wal-Mart(WMT)$
$Target(TGT)$
Consumer cyclical stocks were caught in a maelstrom last week as first Walmart (WMT) and then Target (TGT) set investor fears to red alert with their margin pressures and comments over outlook. Both companies suffered massive share price falls with Target suffering a 1987-style plummet and Walmart not being far behind. Consumers are already adjusting to inflation and switching to lower-cost items.
Will you "sell in May & go away"?
"Sell in May and go away" is an investment adage warning investors to divest their stock holdings in May. Will you sell, buy, or stay? Share to win coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments