US Stocks Drift From Records as Trump Ramps Up Tariff Threats
The S&P 500 Index slipped 0.3% as of 9:45 a.m. in New York, after snapping a two week winning streak. That left the equities benchmark less than 0.5% from its July 10 record after climbing above the psychologically important 6,200 level. The Nasdaq 100 Index fell less than 0.4%. A basket tracking so-called Magnificent Seven stocks including Apple Inc., Alphabet Inc. and Meta Platforms Inc. is down 0.3%.
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Yahoo
10 minutes ago
- Yahoo
Two new Target stores coming to New Jersey. Here's where.
Target recently announced plans to expand its footprint by adding dozens of stores in 22 states, including two new Target stores in New Jersey, with one much larger than an average store. In March, Target announced plans to drive more than $15 billion in sales growth that included investing in opening or remodeling stores that offer "space and flexibility to incorporate the best of Target's shopping experience." The big box store had plans to open a total of 300 stores over the next decade. According to Target's website, the two stores opening in New Jersey are: (Hunterdon County): 325 Route 202 (75,525 square feet, smaller than average store) (Essex County): 235 Prospect Ave. (150,000 square feet, larger than average store) Target notes they chose locations across 22 states based off several factors including community need, site constraints and nearby Target stores. According to the website, there is a Target within 10 miles of most doorsteps in America (although if you live in a rural area, take that with a grain of salt). In addition to two stores opening in New Jersey, two Target stores are opening in New York State and two in Pennsylvania, according to Target's website. States with multiple opening include: California (4) Florida (6) North Carolina (4) South Carolina (3) Texas (6) A tentative opening date for the Target store in West Orange is set for Fall 2025, according to reporting by Patch. Construction was underway in May at the former Kmart in the West Orange Plaza, which is anchored by a Whole Foods supermarket, according to The Target store in Flemington, the first in Hunterdon County, is expected to open this summer, according to Target. It will be open Monday to Saturday from 7 a.m. to 11 p.m. and Sunday from 8 a.m. to 11 p.m. The store will be the 53rd to open in the state. Target's new store designs are meant to better service guests and team members, with a more open layout and localized elements to inspire and serve guests, according to Target. Stores will continue to open in all sizes, although the plan is to focus on a larger footprint in the coming years. The new stores will offer updated larger layouts, enhanced in-store pickup options and a larger assortment of merchandise, from food and beverages to entertainment, clothing and accessories. New Jersey currently has 52 Target stores, according to the Target website. Find a store near you by checking out their store directory. Lori Comstock is a New Jersey-based journalist with the Mid-Atlantic Connect Team. This article originally appeared on Two new Target stores coming to NJ. See list of stores in 22 states
Washington Post
18 minutes ago
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Sabres avoid arbitration with Bowen Byram by signing him to a 2-year, $12.5M contract
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Yahoo
21 minutes ago
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Those who invested in Pfeiffer Vacuum Technology (ETR:PFV) three years ago are up 21%
Investors can buy low cost index fund if they want to receive the average market return. But across the board there are plenty of stocks that underperform the market. Unfortunately for shareholders, while the Pfeiffer Vacuum Technology AG (ETR:PFV) share price is up 10% in the last three years, that falls short of the market return. In the last year the stock price gained, albeit only 1.4%. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over the last three years, Pfeiffer Vacuum Technology failed to grow earnings per share, which fell 15% (annualized). The strong decline in earnings per share suggests the market isn't using EPS to judge the company. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics. Interestingly, the dividend has increased over time; so that may have given the share price a boost. Sometimes yield-chasing investors will flock to a company if they think the dividend can grow over time. The revenue growth of about 4.4% per year might also encourage buyers. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Pfeiffer Vacuum Technology's TSR for the last 3 years was 21%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence! Pfeiffer Vacuum Technology provided a TSR of 6.2% over the last twelve months. But that return falls short of the market. On the bright side, that's still a gain, and it's actually better than the average return of 0.7% over half a decade This suggests the company might be improving over time. It's always interesting to track share price performance over the longer term. But to understand Pfeiffer Vacuum Technology better, we need to consider many other factors. Case in point: We've spotted 3 warning signs for Pfeiffer Vacuum Technology you should be aware of, and 1 of them makes us a bit uncomfortable. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
