Investor Alert

New York Markets After Hours

Nov. 30, 2021, 12:21 p.m. EST

Best Cyclical Stocks To Buy Now? 4 Hot Names To Know

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Target Corporation

Next, we have Target Corporation, a general merchandise retailer that serves all 50 U.S. states. In 2020, the company reported a total revenue of $93.6 billion and currently has over 1,900 stores across the country. It also boasts 46 distribution centers and 48 owned brands that are unique to Target. TGT stock currently trades at $243.21 as of 12:04 p.m. ET and is up by over 35% in the past year.

It recently reported its third-quarter financials. Diving in, third-quarter comparable sales grew by 12.7% year-over-year. The company also saw double-digit comparable sales growth across all five of its core merchandise categories. Furthermore, it reported a GAAP earnings per share of $3.04, a 51.6% increase compared to a year ago.

"The consistently strong growth we're seeing in our business, quarter after quarter, is a testament to the passion and commitment our team brings to serving our guests, and the trust we've built with them as a result," said Brian Cornell, chairman, and chief executive officer of Target Corporation. Given this piece of news, will you consider investing in TGT stock?

[Read More] 5 Metaverse Stocks To Watch In November 2021

Chevron Corporation

Last but not least, we will be taking a look at the Chevron Corporation. By and large, it is among the largest oil producers in the U.S. For a sense of scale, the company is active in over 180 countries worldwide. Through its global network, the company produces crude oil and natural gas. The likes of which are used to manufacture transportation fuels, lubricants, petrochemicals, and additives. With the potential rise in demand for Chevron's current offerings this busy holiday season, CVX stock could be in focus. As it stands, the company's shares currently trade at $114.00 a share as of 12:05 p.m. ET.

To get an idea of Chevron's current momentum on the financial front, we could look at its latest earnings figures. In detail, the company raked in a total revenue of $42.55 billion for the quarter. This marks a whopping 77% year-over-year jump.

Moreover, Chevron also posted monumental gains of over 2,700% in both its net income and earnings per share over the same time. CEO Mike Wirth cites improved market conditions, strong operational performance, and lower cost structure," as key growth factors. Should Chevron maintain its current pace, would you consider adding CVX stock to your December 2021 watchlist?


Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.