The author says they own Target (TGT) and consider it a suitable holding during market turmoil, citing steady demand for groceries, personal care products and affordable luxuries. The stock fell from a peak above $226 per share in 2021 to $84 by late 2025, but has risen more than 40% since Michael Fiddelke became CEO in February, and under him the company has pledged $5 billion to remodel stores. In the first half of 2026, net sales reached $52 billion, up 6%, and net income of $2.7 billion rose 35%. Target has raised its dividend for 55 consecutive years, yielding 3.1% versus 1.1% for the S&P 500, and trades at a P/E of 15 compared with 43x for Walmart and 36x for Kroger. The author says this valuation suggests limited downside in a market downturn.
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QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
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