JPMorgan Downgrades Target Stock amid
Backlash over LGBT Merchandise
Posted By: Dreadnought, 6/2/2023 2:46:27 PM
Target’s stock was downgraded on Thursday by JP Morgan, the largest bank in the United States, amid a consumer backlash over the store’s LGBT product campaign. “We continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods (51% of [Target’s] sales) is ongoing,” JPMorgan analyst Christopher Horvers wrote, according to Market Watch. The stock was demoted from overweight, which means the broker has a positive outlook on the company’s prospects due to its current share price and that the stock is considered a strong buy, to neutral, which means the broker believes the investor should hold the stock as its price may not change.
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Dreadnought"
Ron DeSantis addresses hundreds at rally
in Bluffton. Here's what he did, and didn't,
talk about 4 replies
in Bluffton. Here's what he did, and didn't,
talk about 4 replies
BLUFFTON, S.C. —
Just one week after announcing his run for president, Florida Gov. Ron DeSantis kicked off his South Carolina campaign trail Friday in Beaufort County.
Hundreds of people, and a handful of protesters, showed up to Okatie Ale House in Bluffton, ready to greet the latest Republican candidate to join the 2024 race.
“I’m still undecided. There are a lot of good people running on the Republican field, I think you probably get a better feel for the person in person,” said Sun City resident Faye Shullz. During his hourlong speech, the Florida governor tackled
Tough times at CNN
4 replies
The Atlantic published a lengthy story today offering a behind the scenes view of what has been happening at CNN since Chris Licht took over as CEO, replacing disgraces former CEO Jeff Zucker. If you’ve paid any attention to the media lately you’re probably already aware of some of the issues and controversies CNN has been dealing with, most recently the left-wing backlash over their town hall event with Donald Trump. And before that there was the firing of Don Lemon after several awkward on-air moments.
It turns out that Tim Alberta had been meeting with Chris Licht for a profile while all of this was happening
Ron DeSantis Shouts Down Protester: ‘We’re
Not Gonna Let You Impose an Agenda on
Our Kids’ 2 replies
Not Gonna Let You Impose an Agenda on
Our Kids’ 2 replies
Florida governor and 2024 presidential hopeful Ron DeSantis (R) shouted down a protester who interrupted his speech during a campaign stop in South Carolina Friday.
“Unfortunately, there’s bad stuff that’s getting into the schools. There’s pornography that’s getting into schools. So the parents have had to blow the whistle in Florida,” he said during the speech in Lexington as a protester began to interrupt, talking back to the governor.
“They’ve had to, they’ve had t0 — yeah. Well, thank you. Thank you,” DeSantis said as the crowd booed the protester.
DeSantis then looked in the protester’s direction and spoke to the individual directly.
DES MOINES, Iowa —
Former President Donald Trump returned to Iowa this week for a campaign swing focused on rallying his base. Thursday included a series of grassroots-style stops where the former president shook hands, took questions from the crowd and engaged in the retail politics Iowa is known for.
During a campaign event in Grimes, Trump told KCCI Chief Political Reporter Amanda Rooker he has "total support" from Iowa faith leaders. The former president met with dozens of local pastors for a private lunch Thursday afternoon. "They were very thankful for what I've done with Roe v. Wade, obviously, and give me total support. We have a real love fest
Last week I noticed a tweet that caught my attention because it announced the support of a wealthy Texan for Ron DeSantis. It said that Joe Lonsdale, a venture capitalist & one of the founders of Palantir, is endorsing DeSantis. He has “tons of connections across tech + politics.” DeSantis is coming to Texas next week for a three-day fundraising trip, his first since declaring his candidacy. He will do well. Nikki Haley is also coming to Texas next week for the same reason.
Some of Texas’ biggest Republican donors are getting behind Ron DeSantis as he plans his first fundraising trip to Texas as a presidential candidate.
Elon Musk has always been very clear about the danger of the “woke mind virus.” He said, “The woke mind virus has thoroughly penetrated entertainment and is pushing civilization towards suicide. There needs to be a counter-narrative.” He also repeated how he saw it in apocalyptic terms during an interview with Bill Maher in April and stressed the importance of fighting against it.
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“This was a mistake by many people at Twitter,”
Biden addresses nation after avoiding
catastrophic default: ‘The stakes could
not have been higher’ 6 replies
catastrophic default: ‘The stakes could
not have been higher’ 6 replies
Washington — President Joe Biden addressed the nation from the Oval Office on Friday evening – his first time speaking to the country directly from that setting – to take credit for securing a compromise measure that raises the federal borrowing limit and avoids a catastrophic default.
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He told Americans the package ensures economic progress going forward and amounts to a “crisis averted.”
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One passenger train is thought to have derailed before being struck by another on the adjacent track late on Friday.
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Republican presidential candidate and Florida Gov. Ron DeSantis called President Biden’s fall at the Air Force Academy graduation Thursday “sad” and “frustrating.”
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“I got sandbagged,” he joked
There’s been an ongoing battle between the House oversight committee and the FBI over a document called an FD-1023. House Oversight Committee Chairman James Comer demanded the document be turned over to his committee and FBI Director Christopher Wray at first said no and then later agreed to a compromise. As Jazz pointed out yesterday, the compromise was to allow Comer and the ranking Democrat on the committee to come to FBI headquarters to view the document. Chairman Comer said that wasn’t good enough and today it appears Directory Wray has made a new offer:
The FBI is scheduled to bring an internal law enforcement document
Target’s stock was downgraded on Thursday by JP Morgan, the largest bank in the United States, amid a consumer backlash over the store’s LGBT product campaign.
“We continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods (51% of [Target’s] sales) is ongoing,” JPMorgan analyst Christopher Horvers wrote, according to Market Watch.
The stock was demoted from overweight, which means the broker has a positive outlook on the company’s prospects due to its current share price and that the stock is considered a strong buy, to neutral, which means the broker believes the investor should hold the stock as its price may not change.
And the New York Times offers its stenographic services as well. Disney filed a lawsuit against the State of Florida earlier this year over the dismantling of the Reedy Creek tax district, even before the state legislature arguably mooted the issue with new statutory authority for the replacement district. When they did so, they filed the suit in the Northern District rather than the Middle District, which covers Orlando and the tax district. Florida countersued in the Middle District.
Why did Disney choose the Northern District? Its chief judge, Mark E. Walker, has long expressed hostility to Ron DeSantis and sympathy for Disney — even on the record in court.
Most Active Articles (last 48 hours)
Harry, Meghan Markle to ‘stop writing
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books, documentaries’ as there’s ‘nothing
left to say’: report 26 replies
Prince Harry and Meghan Markle have “nothing left to say.”
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Fashion magazine cover featuring pregnant
transgender man sparks outrage: 'Could
not sink any lower' 23 replies
transgender man sparks outrage: 'Could
not sink any lower' 23 replies
A topless pregnant transgender man featured on the cover of Glamour U.K.'s June issue ignited a fierce reaction from online critics Thursday.
Author Logan Brown, a 27-year-old who was born female but now identifies as a transgender man, posed as the cover star of British Glamour Magazine's digital issue celebrating Pride Month in a painted-on suit, showcasing a large baby bump. Brown unexpectedly became pregnant with partner Bailey J Mills, a non-binary drag performer in the U.K., while taking a break from testosterone treatments due to health reasons, the fashion magazine said.
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Fort Bragg, one of the largest military installations in the world, was renamed as Fort Liberty on Friday, dropping its Confederate namesake once and for all.
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Alternate headline: Pottery Barn rules apply to walkouts. In an 8-1 decision in which only Justice Ketanji Brown Jackson fully dissented, the Supreme Court ruled today that unions have to reimburse employers for damages caused by striking workers. The National Labor Relations Act does not confer immunity to unions or workers — the latest ruling from a court that has stiffened the boundaries for labor activities in the last few years:
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The majority found that if accusations
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The California State Legislature’s LGBTQ Caucus will honor Michael Williams, a member of the “Sisters” who goes by “Sister Roma” and uses “she/her” pronouns.
An Arkansas thug who tried to victimize an out-of-town family during their Memorial Day visit to Little Rock got more than he bargained for when an armed mom reacted to being attacked in a parking garage by fighting back, with the pregnant mom pulling a gun and shooting the attacker.
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A shocking bit of honesty occurred during CNN's Erin Burnett OutFront on Thursday night as the network's medical analyst recommended President Joe Biden start walking with a cane to prevent his frequent falls. The recommendation was uttered when cardiologist and former member of George W. Bush's medical team Doctor Jonathan Reiner was discussing Biden's fall from earlier in the day during a commencement address at the U.S. Air Force Academy.
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The Navy Secretary touted its ships as “beacons in every port of call” for “diversity, equity, and inclusion,” in a message to the force celebrating Pride Month.
In the message to the force, Navy Secretary Carlos Del Toro highlighted Harvey Milk, the first openly-gay candidate to be elected to state office in California, who was also a lieutenant junior grade. In 2016, then-Navy Secretary Ray Mabus named a ship after Milk.Del Toro wrote:
In reflecting upon the difficulties of the past, I also want to highlight Lieutenant Junior Grade (LTJG) Harvey Milk, who regrettably had to mask his true identity before our beloved Navy forced him out through