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Target’s answer to Amazon Prime Days is here — these are the top deals

The retailer’s answer to a multiday sales event is an even longer promotion with discount prices.

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2 weeks ago

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We may not be in a golden age for retailers, many of which continue to struggle with a stagnant post-covid recovery, dwindling profit margins and inventory shrink thanks to a rise in retail crime. 

We are, however, living in a golden age for retail sales; each week a big box retailer seems to be running a doorbuster-style promotion.

DON'T MISS: Amazon just announced October Prime Big Deal Days — here are the top deals to look for

The best part about being a shopper in 2023, of course, is that you aren't going to miss out on the action if you don't want to leave your house. 

Online disruptors like Amazon  (AMZN) - Get Free Report and Instacart have made it possible for customers to have everything from Apple  (AAPL) - Get Free Report AirPods to paper towels within anywhere from a couple of days to several hours. 

Of course, it's been no small logistical feat to get us here. Amazon spent $83.5 billion on shipping in 2022, according to its SEC Form 10-K. Speed is pricey, and the quickest retailers willing to spend the most set customer expectations at a dangerous pace. 

Free three- to five-day shipping doesn't sound impressive. Customers expect two-day or quicker — even better if the order comes tomorrow by 8 a.m. (which Amazon is working to roll out for as many products as possible). 

Shoppers wait in line to check out at a Target store on Black Friday in Chicago on Friday, Nov. 25, 2022. Photo: Christopher Dilts

Bloomberg/Getty Images

Just as five-day shipping is no longer impressive, simple Black Friday deals seem to have lost their luster, too. Customers now expect a few days of midsummer deals, as is the case with Amazon Prime Day. 

Target  (TGT) - Get Free Report and Walmart  (WMT) - Get Free Report quickly rolled out their own versions, called Circle Days and Walmart+ Days respectively, with great success in 2023.

Target rolls out early deal days

Amazon responded with another string of deals, due out Oct. 10 and 11, called October Prime Big Deal Days. So Target and Walmart are getting ahead of the curve with their own versions once again. 

Target's began on Oct. 1 and will run for seven days. And while the deals may last for a full week, the supplies almost certainly won't. 

Here are some of the best deals available on Target Circle Days. (Walmart's is scheduled for Oct. 9-12 but we haven't seen further details just yet.)

  • Dyson V8 Origin Cordless Stick Vacuum: originally $430, now $300
  • Ninja Foodi 6-Quart 5-in-1 2-Basket Air Fryer: originally $180, now $100
  • 7' Pre-lit Slim Alberta Spruce Artificial Christmas Tree Clear Lights: originally $100, now $50
  • Cuisinart Air Fryer Toaster Oven Stainless Steel: originally $229, now $99
  • A New Day Pippa Stretch Boots: originally $39.99, now $27.99
  • Barbie Dream Boat Playset: originally $69.98, now $59.99
  • Threshold Bowden Faux Leather Counter Height Barstool: originally $95, now $74
  • Shark ION Wi-Fi Connected Robot Vacuum: originally $259.99, now $149.99
  • Instant Pot 6 Quart 9-in-1 Pressure Cooker Bundle: originally $129.99, now $69.99
  • KitchenAid 5.5 Quart Bowl-Lift Stand Mixer: originally $449.99, now $279.99
  • HP 15.6" FHD Laptop: originally $579.99, now $349
  • Philips Sonicare 9900 Prestige Rechargeable Electric Toothbrush: originally $380, now $260

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NZD/USD rises on strong Services PMI

In New Zealand: New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in third…

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8 mins ago

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October 16, 2023

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In New Zealand:

  • New Zealand dollar rebounds after awful week
  • Services PMI crawls into expansion territory
  • Inflation expected to almost double in third quarter

The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.5919, up 0.55%. It was a miserable week for the News Zealand dollar, which fell 1.74%, its worst weekly performance since August.

The driver for today’s gains was the New Zealand Services PMI, which rose to 50.7 in September, up from 47. 7 in August. This reading is barely in expansion territory, but it indicates a welcome rebound after three straight declines – the 50 level separates contraction from expansion.

As is the case with most major economies, the services sector is in better shape than manufacturing. Last week’s Manufacturing PMI weakened to 45.3 in September, down from 46.1 a month earlier. This marked a seventh straight decline and was the lowest reading since August 2021.

Inflation is still on everyone’s mind and continues to have a strong impact on the currency markets. This was reiterated last week with last Thursday’s US inflation report, which remained unchanged at 3.7% and was just above the market estimate of 3.6%. The release unnerved investors and sent risk appetite and risk currencies tumbling. The New Zealand dollar was steamrolled, sliding 1.54% on Thursday.

New Zealand will release third-quarter inflation on Tuesday. The market estimate stands at 2.0% q/q, which would be a sharp rise from the 1.1% gain in the second quarter. The sharp rise in gasoline prices is expected to boost inflation. Core CPI, which excludes energy prices, will be closely watched by the central bank and policy makers will be looking for a decline on Tuesday. If that doesn’t happen, expectations of a rate hike in November will likely rise.

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NZD/USD Technical

  • NZD/USD put pressure on resistance at 0.5942 earlier. The next resistance line is 0.5999
  • There is support at 0.5888 and 0.5827

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International

Oil Gets All the Attention, But Natural Gas Prices Are Soaring

Investors Alley
Oil Gets All the Attention, But Natural Gas Prices Are Soaring
While the price of crude oil gets the attention, you may be surprised how…

Published

9 mins ago

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October 16, 2023

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Investors Alley
Oil Gets All the Attention, But Natural Gas Prices Are Soaring

While the price of crude oil gets the attention, you may be surprised how much natural gas has gained over the last six months. With the winter heating season approaching, the setup for natural gas and gas producers is very bullish…

Natural gas was a hot topic in 2022. The shutoff of Russian gas to western Europe caused the price of gas to go from around $3.50 per million BTU at the start of last year up to $9.40/MMBtu in August 2022. The gas price dropped quickly, bottoming at about $2.00/MMBtu in February this year.

Natural gas has been in stealth mode for the last six months, never making any headlines; however, its price has marched steadily higher. Now trading at $3.35/MMBtu, gas is up 65% from the early in the year low.

This stealth price increase means natural gas producers made more money in the second quarter than they did in the first quarter. They made more money again in the third quarter and will likely see profits grow for the 2023 fourth quarter.

Most upstream energy companies produce a combination of crude oil and natural gas. In the oil-rich plays, natural gas is referred to as associated gas.

For pure-play natural gas investments, look for the companies focused on drilling in the Marcellus Shale. This play is primarily in West Virginia, Ohio, New York, and Pennsylvania.

Here are three companies focused on Marcellus natural gas production:

Chesapeake Energy Corp (CHK) has a Wall Street third-quarter earnings estimate of $0.71 per share. The company earned $0.64 for the second quarter, beating the consensus by $0.23. The company could again post a big beat for the third quarter. Chesapeake will report earnings on November 1.

EQT Corporation (EQT) posted normalized earnings of minus $0.17 for the second quarter, beating the Wall Street consensus by $0.10. Wall Street is looking for a minus $0.15 in earnings for the third quarter. I expect EQT to report significantly better results than the forecast. The company reports earnings on October 25.

Antero Resources Corp. (AR) matched the Wall Street estimate of minus $0.28 per share for the second quarter. The third quarter consensus is a positive $0.01 per share. Antero will announce earnings on October 26.I like the combination of Antero Resources and its co-managed midstream company, Antero Midstream (AM). The midstream company pays an attractive 7.4% dividend yield. The two companies’ operations are closely integrated, allowing them to maximize the value to shareholders.

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Oil Gets All the Attention, But Natural Gas Prices Are Soaring
Tim Plaehn

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International

Asian currencies see falling data amid global conflict

Data on the Chinese yuan notes that lifting Covid-19 restrictions earlier this year has not boosted business transactions as much previously predicted,…

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38 mins ago

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October 16, 2023

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Data on the Chinese yuan notes that lifting Covid-19 restrictions earlier this year has not boosted business transactions as much previously predicted, with the yuan falling 0.1% this week. Its third-quarter gross domestic product data is due later this week, which may shed some light on China’s subdued economic growth and inflexible lending rates.

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James Malcolm Source: LinkedIn

James Malcolm, head of FX strategy at UBS London, observed the slowing signs of the yen and the Bank of Japan’s necessary intervention, all as a result of the Palestine conflict and Russia-Ukraine war:

Obviously, war is inflationary; [it] disrupts growth and threatens risk assets. […] The largest overhang I can see in this regard is dollar-yen, where the BOJ must pivot regardless, and the carry trade that has built up now amounts to nearly half a trillion dollars.

Despite the weakening of its peers, the Indian rupee remained relatively stable on Monday against the US dollar, with the Reserve Bank of India (RBI) stabilising local oil prices throughout the nation. According to experts, it seems that the RBI may have intervened on Friday to prevent the rupee from slipping as low as its Asian counterparts; however, all Asian currencies now await economic data from the US Federal Reserve regarding interest rate hikes and global inflation levels.

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