On the mark

[The beef 675] [I'm an image] “I’ll still never pronounce it ‘Tar-jay’” - Jeff Hey there carnivores, Markets were down Wednesday as the Fed did not give clear guidance in its meeting minutes. This meeting could have been an email, Jay. Today we’re talking Target perfecting its aim. Keep raging, Jeff & Jason [Image] [I'm an image] Target on its back Target is keeping up with the Waltons. The retailer announced a record Q2 and made a mockery of analyst's estimates. Target’s revenue for the quarter [was $23B](, compared to estimates of $19.82B and EPS came in at $3.38 vs. estimates of only $1.62. That equates to a $1.7B profit for the Walmart of the North, compared to only $938M for the same period YoY. Shares of Target rose nearly 13% on the day, reaching an all-time high of $154.22 per share. Let’s get digital CEO Brian Cornell said his company has had 10M new digital customers so far this year, and they brought their stimulus checks with them. Target implemented a curbside pickup that grew [a staggering 700%]( in the period from the previous year. Electronics lead the way, up 70% YoY, as people bought new gadgets to most efficiently waste time in their home offices during the pandemic. Food and beverage rose 20% as its private-label grocery brand, Good & Gather, crossed $1B in sales since its inception last September. After a 20% drop in the first quarter, apparel even bounced back at the discount retailer with double-digit growth. Have yourself a well-rounded quarter, Brian. The bottom line... It’s rare that you see tech-like growth from a retail giant like Target, but that’s 2020 for ya. The retailer certainly benefited from its distinction as an essential retailer. Being one of the few open stores, customers could get their essential goods, plus discretionary items. Cornell didn't offer guidance for the rest of the year, though [he literally said](, "it could be 6% (growth) or 96%." Thanks for the insight, Bry. [Image] Live Training Today at 12 PM ET Hosted By The Penny Pro Jeff Williams [Register Here]( [I'm an image] ☑️Crystal clear. The Federal Reserve’s July meeting minutes were [released]( on Wednesday. And what was the takeaway? Well, Jerome Powell is a real Buzz Killington. All of the usual suspects were present in the meeting minutes. Like "stunted economic growth," "rates remaining near zero," and "Congress needs to pony the f*ck up." We also got a pinky promise that the FOMC would provide more clarity to their expectations for raising rates during their September meeting... probably. ☑️Turning this house into a home. Airbnb is opening up the door and welcoming in the public. The home rental company [filed for an IPO]( with the SEC on Wednesday. It did not disclose any financial details or an expected date to hit the public market. 2020 has been a rough year so far for Vrbo's cooler younger cousin. In May, it laid off 25% of its workforce, sending 1.9k employees to the unemployment line. Back in April, Airbnb [raised $1B in debt]( to get through the coronavirus pandemic, which gave it a valuation of roughly $18B. ☑️A big Moment(a). J&J [will acquire Momenta Pharmaceutical]( for $6.5B. The pricetag is a 70% premium on Momenta’s $30.81 closing price from Tuesday. $MNTA stock rose 69% on the day. Nice. Momenta is in the process of developing treatments for rare autoimmune diseases such as warm antibody hemolytic anemia and myasthenia gravis. The pharmaceutical company also received FDA designation for a drug that can prevent a serious blood disorder for fetuses and newborns. Nice to see J&J is shifting its focus away from giving people ovarian cancer. ☑️Nvidiots. Nvidia stock dropped 1% yesterday after the data and gaming company beat Q2 earnings estimates. Wait, what? EPS of $2.18 beat expected $1.97, while revenue of $3.87B eclipsed the forecasted $3.65B. The company’s gaming business [brought in $1.65B]( of the revenue, which is a 26% jump from Q2 2019. As for its data center division, it brought in a higher revenue figure than the gaming sector for the first time in the company’s 37 year history. This was fueled in large part by the company’s April acquisition of Mellanox, which amounted to 14% of Nvidia’s total revenue. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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