Target Corp (TGT-N)

Stress on consumers will benefit low cost retailers. 
$100 billion in sales very strong base.
Margins improving as supply chain difficulties improve.
Current share price a good place to buy.

Trades at a premium to historical multiple. Missteps. Inventory has caused problems. 

They have troubles now, and was downgraded it, but it still offers a strong value proposition. They've done a great job on decreasing inventory, -16% last quarter. Freight costs are declining.  They will have traffic issues, but long term the value will shine. Down 18% in the past month. She may buy more if it falls more.

Consumer staples are a bit expensive, but they beat EPS and are managing inventory better. It'll be difficult to reach their 6% margin target in this economy. Shares are up 8% YTD. Has a concern of weakening in the lower-end consumer, though.

It reports Tuesday. He's worried about the widespread slump in retail and that Target could revisit previous lows of December, but if so, then buy.

Today, an analyst raised the target on Target. Discretionary has done very well so far this year. Their inventory problem will eventually end as they try to return to 6% operational margin growth, which is pre-Covid. Trades at a market PE.