r/Anticonsumption • u/Healthy_Block3036 • 2d ago

Corporations Target struggles after end of DEI program and boycott, with foot traffic down 8 weeks in a row.

https://fortune.com/2025/04/01/target-dei-demise-boycott-foot-traffic-down-eighth-consecutive-week/?itm_source=parsely-api
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u/UnpluggedUnfettered 2d ago

Haha the guy saw it pinging up 2% today and is like "Yeah, recession proof."

LMAO it went up 4% on the 24th, from which it is down 11% compared to today. TGT was overvalued and is less so now, but gets hit much harder with discretionary spending than it's competitors. I mean by all means catch a bounce if you think it's near one, but i wouldn't expect massive returns over the course of a year.

Like, it isn't going bankrupt but lol at the idea of being excited to own it.

I mean hey, dividends though, I guess.

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u/Hungry-Bug-6104 2d ago

It is up because Vietnam said they would drop tariffs to work with the US. Quite a few stocks are up that source from there. The rest of what he said is useless lol

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u/UnpluggedUnfettered 2d ago

Thing is though, regardless the why, a 2% bump is completely meaningless in the context of a 50% drop over the course of the last year.

That isn't even a strong bounce off it's support for goodness' sake, given the larger picture.

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u/Hungry-Bug-6104 2d ago

I am saying his view on "value" is completely stupid. The bump today has nothing to do with long term or his idea on it being undervalued and EVERYTHING to do with tariff news.