Predicting a Strong Fourth Quarter for this Dow Heavyweight

By Catherine Baab-Muguira – Updated Apr 7, 2017 at 1:01PM

NYSE: TGT

Target

Market Cap

$76B

Today's Change

(0.70%) $1.15

Current Price

$164.47

Price as of April 17, 2024, 4:00 p.m. ET

Research firm ShopperTrak released a report Wednesday predicting that U.S. retail sales will rise 3.3% this holiday season. This may mean a powerhouse fourth quarter for retailers from Amazon.com (AMZN -1.11%) and Target (TGT 0.70%) to Dow components, including Home Depot (HD -0.60%) and Walmart (WMT -0.32%), the world’s largest retailer.

Walmart, in particular, is positioning itself for strong holiday sales results. Watch the video below to learn more about Walmart’s recently announced sales initiatives. While some investors fear a pullback in Walmart shares given the incredible run the company has had over the last few months, there may be no cause for worry.

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Catherine Baab-Muguira has no positions in the stocks mentioned above. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services recommend Amazon.com and The Home Depot. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.