Target's hoarding came back to bite it | Apple finally made its move | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for June 8th in 3:11 minutes. â»ï¸ In case you hadnât noticed, there are a lot of changes happening around the world right now. Join abdrnâs Jeremy Lawson for [The Geopolitics Of Energy Transition]( on Wednesday, and find out how to spot the energy investments that can make it through this state of flux. [Grab your free ticket]( Today's big stories - Target cut its profit outlook again, admitting it needs to clear house
- Our analyst might have found a crypto with big comeback potential â [Read Now](
- Appleâs making a move into the buy-now-pay-later market Hoard Games [Hoard Games] Whatâs Going On Here? Retail giant Target [issued]( its second profit warning in three weeks on Tuesday. What Does This Mean? Targetâs investors were sent sprawling last month by the biggest one-day [drop]( in the companyâs share price since 1987. But just as they were dusting themselves off, Targetâs given them another shove: the retailer just cut its profit outlook again, as it takes âaggressive stepsâ to reduce a stockpile of products that was 43% bigger last quarter than the same time in 2021. Target said the move will make room for big-sellers eventually, but that itâs going to have to offer big discounts and cancel orders in the meantime. Investors looked down at their scraped knees, scowled up at Target, and sent its stock down 10%. Why Should I Care? The bigger picture: Whatâs a retailer to do?
Target was sort of painted into a corner here: the company needed to stay stocked up enough that it wouldnât run out of merchandise amid all the supply bottlenecks, but not so much that it ended up with an excess of useless goods. Thatâs a sweet spot the retailer clearly wasnât able to hit, even before record inflation changed spending habits even more. At least it wasnât the only one: Walmart is in a similar position after having [chartered]( its own ships earlier this year to keep the goods coming. Zooming out: Good things come to Kohlâs who wait.
If Kohlâs only issue was how much stock it had, the pandemic-bruised department store probably wouldnât have been forced to look for a buyer. Kohlâs [announced]( on Monday that itâs in exclusive negotiations to be bought out for $60 a share by retail company Franchise Group, which would value the business at around $8 billion. Investors think this could finally be the start of the end of a sale process thatâs been dragging on for more than half a year, and its stock jumped 10%. You might also like: [So is Target a good investment yet?]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hoard Games&utm_campaign=daily-global-08-06-2022&utm_source=email) Analyst Take
Could THORchain Bring The Thunder? [Could THORchain Bring The Thunder?]( By Jonathan Hobbs, Analyst Itâs no secret that the crypto market has [given up the ghost]( this year. But cast your mind back to January till March, and the backdrop was very different: bitcoin was rebounding from $33,000 to $48,000, and [opportunities were coming out of our ears](. One of those opportunities was [THORchainâs RUNE](, which more than quadrupled in value over the same period â even if it has given those gains back since. But the fact it rallied so much when bitcoin rebounded is important: it suggests THORchain â which allows users to [swap assets from different blockchains]( â could be pretty invaluable. So if youâre wondering [how to buy the crypto dip](, Rune might be godâs gift to your portfolio. Itâs all in todayâs Insight. [Read or listen to the Insight here]( SPONSORED BY MONEYFARM Not today, inflation Rising inflation can really whittle away those hard-earned cash savings of yours. So you might want to think about putting that cash into [an investment portfolio]( designed to [grow your wealth]( over the long term instead. [Moneyfarm]( makes that easy: youâll get a [curated investment portfolio]( that suits your personal financial situation, goals, and attitude to risk. Your [portfolio]( will be actively managed by [Moneyfarmâs]( experienced team, and you can hop on the phone with your [dedicated investment consultant]( anytime to talk through big decisions. [See how easy it can be to grow your portfolio with Moneyfarm](. [Visit Moneyfarm]( With investing, your capital is at risk. Tap In [Tap In] Whatâs Going On Here? Apple [announced]( plans earlier this week to push into the buy-now-pay-later (BNPL) market. What Does This Mean? There have been mutterings that Apple is about to launch a BNPL product since March, when the company bought out credit check startup Credit Kudos. So cue the âI told you soâ brigade: the tech giant has just announced that itâll be launching Apple Pay Later â a service thatâll allow Apple Payâs American users to buy things in four interest-free installments over six weeks ([tweet this](). Itâs arguably an odd time for Apple to enter the BNPL market, whose rapid growth has petered out as inflation has climbed and the ecommerce boom has tailed off. But Appleâs confident itâs made the right decision: the move could encourage more people to use Apple Pay to buy what they need, not to mention allow the company to make more inroads into financial services. Why Should I Care? For markets: Oh great. More competition.
BNPL mainstays Klarna and Affirm need Apple in the market like they need a hole in the head. Klarna is currently in the midst of offsetting its borrowing costs â which just [hit]( a record high on the back of rising interest rates â by cutting 10% of its workforce, while Affirmâs stock has now plummeted 75% this year. And things are only going to get harder: analysts are anticipating that more and more cash-strapped customers will either wind down their spending or struggle to pay off their loans altogether. The bigger picture: Wonât someone please think of the borrowers?
Plus, regulators are keeping an especially close eye on the BNPL industry, with speculation rampant that itâs only a matter of time before they roll out profit-damaging measures. Probably the honorable thing to do, mind you: theyâre worried that the soaring cost of living could lead to irresponsible lending among BNPL companies, leaving consumers with insurmountable piles of debt. You might also like: [How to survive the post-rate hike apocalypse better than Klarna.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Tap In&utm_campaign=daily-global-08-06-2022&utm_source=email) ð¬ Quote of the day âWell done is better than well said.â â Benjamin Franklin (an American polymath) [Tweet this]( SPONSORED BY CALIBER What to do with capital gains of $100k+ Did you know there are now attractive ways to reinvest your capital gains thatâll keep the tax man at bay for years? If youâve made gains by selling a business, real estate, stocks, or crypto, thereâs a [little-known incentive]( â in effect since 2017 â that could unlock compounding potential and serious tax perks. You can find out how to put your gains back to work with Caliberâs [Accredited Investorâs Guide to Qualified Opportunity Zone Investing](. Caliberâs guide will show you how to use opportunity zones to activate perks like [tax deferral until 2027](, and help you navigate the pros, cons, myths, and misconceptions of them. Grab the no-cost guide today, and [find out how to capitalize ahead of the key deadlines](. [Get The Guide]( When you support our sponsors, you support us. Thanks for that. ð¯ On Our Radar - Become a virtual hit. You donât even need to show your face to [go viral on TikTok now](.
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âï¸ [How Not To Invest In The Next Luna](: 1pm, June 22nd
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ð [Blockchain And Real Estate: Whatâs Next?](: 6pm, June 29th
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