Target ($TGT) - I've never heard a better description for what kinds of products Target sells than CEO Brian Cornell's comments on yesterday's earnings call, describing Target goods as "affordable luxury." Nailed it, and nailed everything else for the quarter too.
Sales in 2021 finally broke the $100bn mark, with a big boost from the infamous c-virus. Describing themselves as a growth company, Target provided guidance for continued high-single digit sales growth this year. Shares soared 9.8%.
Most notably, however, was Target's unique distribution channel for online orders. 19% of total revenue came from online activity, but 96% of orders were fulfilled in-store, saving gobs of money on delivery.
So it's not just you. Everyone truly loves simply going inside of a Target store.
Lockheed Martin ($LMT) - For the most obvious of reasons, aerospace and defense stocks have soared recently. Lockheed Martin, a ginormous US-based A&D firm, is loving it, up another 5.3% yesterday.
Here, the freshman German Chancellor Olaf Scholz is the true homie. Basically, Germany is ramping up the cash going into its military budget by a lot. Over $110bn (€100bn) will be spent this year alone to "modernize" their military.
Lockheed, and other defense players, are set to get a fat bag. And as of now, the market is guessing that other NATO nations will soon follow suit.