ETF Trends publisher Tom Lydon appeared on Fox Business’ “Mornings with Maria” on Wednesday to discuss the retail sector, the potential impact of tax reform on the markets and the outlook for General Electric.
Lydon discussed with host Maria Bartiromo where retail is headed as Target today reported a third quarter 2017 comparable sales increase of 0.9 percent and GAAP earnings per share (EPS) from continuing operations of $0.87, a decrease of 17.7 percent from third quarter 2016.
“It’s good news today (for Target), but they are going to continue to suffer being in Amazon’s shadow,” Lydon said. “Their online sales still is only 4.4% so that’s going to be an ongoing drag going forward.”