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FinancialCentre Reports – One Stock that can help you make quick cash

London, UK, ZEX PR WIRE – Looking for the best stock to invest in can be hard because there are so many out there and the choice is hard. Traders need to struggle very hard these days to pick a stock that can remain valuable for longer time spans. If you are a stock trader and you wish to keep yourself away from the hassle of scrutinizing stocks, you need to know the best ones because those stocks can make you a lot of money. To get started, FinancialCentre Broker Phillip Sanders has told us a few things that every stock investor needs to take care of.

1) Know Your Historical Stock Market Returns

If you want to know how much money returns is something like, then you need to know what stock market returns have historically been. Every asset class has its ups and downs, so knowing when to buy and sell is crucial. This is why you are always recommended to see how the stock has been performing in the past.

2) Know Your Company’s Financial Statements

If no one knew about the financial statements of a company, it wouldn’t be able to borrow money or issue stocks. Being able to look at a company’s financial statements will help you decide whether or not it is worth investing in.

3) Know What You Are Buying

If you are going to buy something, then you need to know that what you are buying is an investment and not a quick buck. It can sometimes be hard to tell the difference.

4) Know Your Market Cycle

It can also help you out if you know what time of year it is. For example, if you are buying during a bull market, then that means that stock prices are likely going to rise higher for you than they would in a bear market.

Keeping all the points he emphasized, we have tried to make the job easier for you by picking one American stock that can help you add to your wealth significantly.

Target Corporation

Target Corporation is an American Based retail company headquartered in Minneapolis, MN. The company was founded in 1902 by George Dayton and is currently the 5th largest discount retailer in the United States. Target Corporation operates over 1,900 stores across all 50 states of the United States and has revenues of more than $70 Billion dollars a year.

Target Corporation is one of the world’s most recognized brands. The company has assigned its abbreviation as TC, which is taken from their former ticker symbol on the New York Stock Exchange. Target Corporation was established based on the belief that offering products at lower prices without compromising quality will result in satisfied customers. The company’s durable, affordable and quality products have resulted in sustained high customer satisfaction over the years. Target Corporation currently employs more than 360,000 team members across the United States alone. In terms of assets, Target is the eighth largest company in the United States. Currently, Target Corporation is organized into two principal segments: (1) Retail and other businesses including credit cards; and (2) Credit Cards. The retail segment includes the operation of stores in all 50 states as well as its Canadian subsidiary Zellers. The credit card division operates through the sub-units: (1) National consumer credit card business; and (2) Private label and co-branded cards.

The stores are a mix of regular Target Stores as well as new CityTarget stores. With the entry of this new store format into many urban markets, Target Corporation hopes to attract more customers by being closer to their daily lives.

Target Corporation sees itself as a discounter in both the speciality and general merchandise space with its retail stores. Many of its competitors include such companies as Walmart, Sears, Macy’s, Kohl’s and Dillard’s. The company also faces increased competition from online retailers such as Amazon to name just one. Target Corporation has been able to increase its revenues by increasing both the number and size of its stores. They are now considering entering the Canadian market through its subsidiary Zellers.

Target posted profits of $75.36 billion USD in the year 2020. Their sales went up 23% in the first quarter of this year which was worth $23.88 billion. Mr Sanders said that it is these statistics that make it a popular choice among traders these days. Of course, Mr Sanders has been in the trading business for a very long time and is known to be quite skilful. The company is now valued at more than $50 billion up from last year’s valuation of $28.7 billion. Mr Sanders thinks that retail stocks are attracting a lot of attention these days because of the huge profits posted by companies and Target is one of the few that can help you make decent amounts of profit quickly. 

Disclaimer: Our content is intended to be used for informational purposes only.

It is very important to do your own research before making any investment based on your own personal circumstances.

You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

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