Today: 22 May 2026
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  • Target Stock Falls After Cautious Outlook Despite Strong Q1 Earnings
    May 21, 2026, 11:21 PM EDT. Target's shares dropped following a cautious forecast for the remainder of 2026 despite robust first-quarter earnings. The retailer reported a 6.7% sales increase to $25.4 billion, with comparable store sales up 4.7% and digital sales rising 8.9%, driven by a 27% surge in same-day delivery. Gross margin improved to 29%, while adjusted operating income rose 29% to $1.1 billion. Adjusted earnings per share jumped 32% to $1.71. Target raised its full-year sales growth forecast to 4%, up from 2%, with profit guidance at the high end of $7.50 to $8.50 per share. However, CFO Jim Lee cautioned about weakening consumer sentiment amid inflation and geopolitical tensions, prompting investors to lock in gains after a 46% six-month rally.

Latest articles

OpenAI Shares Hype Returns, Still No Ticker in Sight

OpenAI Shares Hype Returns, Still No Ticker in Sight

22 May 2026
OpenAI is preparing to confidentially file for a U.S. IPO, aiming to go public as early as September, sources told Reuters. The move follows a court win against Elon Musk, removing a key legal obstacle. Private-market share prices for OpenAI ranged from $658.94 to $732.38 this month, but no official public price exists. Ordinary investors still cannot buy OpenAI stock on public exchanges.
Estée Lauder Shares Gain as Rumored Deal Fails to Materialize

Estée Lauder Shares Gain as Rumored Deal Fails to Materialize

22 May 2026
Estée Lauder and Spain’s Puig ended merger talks that would have created a $40 billion beauty group. Estée Lauder shares rose about 10% in after-hours trading, closing the regular session at $78.91. The company said it will focus on its turnaround plan and continue reviewing possible acquisitions or divestitures.
WhiteFiber Stock Rips 22% on $160 Million AI Deal. The Test Comes in July

WhiteFiber Stock Rips 22% on $160 Million AI Deal. The Test Comes in July

22 May 2026
WhiteFiber shares jumped 22.2% to $29.55 after announcing a five-year AI compute contract worth over $160 million for a Paris-region deployment using NVIDIA GPU systems. Google Finance showed the stock rising further after hours. The project is backed by planned financing and 12 months of customer prepayments, but funding and execution remain pending. Service is expected to start in July, subject to equipment delivery and acceptance.
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