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	<title>Wall St. Cheat Sheet &#187; Target’s Earnings Miss and Bernanke’s Testimony: Morning Buzzers</title>
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		<title>Target’s Earnings Miss and Bernanke’s Testimony: Morning Buzzers</title>
		<link>http://wallstcheatsheet.com/stocks/targets-earnings-miss-and-bernankes-testimony-morning-buzzers.html/</link>
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		<pubDate>Wed, 27 Feb 2013 14:30:09 +0000</pubDate>
		<dc:creator>Dan Ritter</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[target corp]]></category>
<stock_tickers>
<ticker><![CDATA[NASDAQ:CZR]]></ticker>
<ticker><![CDATA[NASDAQ:GRPN]]></ticker>
<ticker><![CDATA[NASDAQ:ZNGA]]></ticker>
<ticker><![CDATA[NYSE:BUD]]></ticker>
<ticker><![CDATA[NYSE:TGT]]></ticker>
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		<description><![CDATA[Stock futures, having braved the economic storm brewed earlier in the week, continued to post gains in Wednesday's pre-market...]]></description>
				<content:encoded><![CDATA[<p><strong></strong>Stock futures, having braved the economic storm brewed earlier in the week, continued to post gains in Wednesday&#8217;s pre-market trading after closing Tuesday on a higher note. Investors are looking ahead to pending home sales data due to be released later in the morning, and for Ben Bernanke to testify before the House Financial Services Committee.</p>
<p>U.S. futures at 9:00 a.m.: <strong>DJIA: </strong><span style="color: #008000;">+0.06%</span>, <strong>S&amp;P 500: </strong><span style="color: #008000;">+0.04%</span>, <strong>NASDAQ: </strong><span style="color: #008000;">+0.10%</span>.</p>
<p><strong>Here&#8217;s what&#8217;s buzzing on Tuesday morning:<a href="http://wallstcheatsheet.com/view-image?src=2011/01/pe-ratio-3-300x196.jpg"><img class="alignright  wp-image-24071" style="margin: 10px;" alt="Man Measuring Money" src="http://images.wallstcheatsheet.com/wp-content/uploads/2011/01/pe-ratio-3-300x196.jpg" width="270" height="176" /></a></strong></p>
<p><strong>Target </strong>(<a href="http://wallstcheatsheet.com/stock-research/company?qs=TGT" target="_blank">NYSE:TGT</a>) fell as much as 2.73 percent after reporting <a href="http://investors.target.com/phoenix.zhtml?c=65828&amp;p=irol-newsArticle&amp;ID=1789792&amp;highlight=">fourth-quarter and fiscal 2012 earnings</a> before the opening bell. Total revenues for the quarter increased 6.8 percent, year over year, to $22.7 billion, but the growth was undermined by a 7.8 percent increase in cost of sales. Net earnings decreased 2.0 percent for earnings of $1.47 per diluted share. Total revenues for the year increased 5.1 percent based on a 5.7 percent increase in the cost of sales. Full-year earnings were $4.52 per diluted share, a 5.6 percent increase, but Target had 3.0 percent fewer diluted shares outstanding. Net earnings increased just 2.4 percent for the year.</p>
<div class="text-ad" style="border: 1px solid #999; padding: 10px 15px; font-size: 12px; font-style: italic; margin-bottom: 15px;"><em>These stocks are hitting our Profit Targets. <a href="https://wallstcheatsheet.com/newsletters/wscs-premium/?ref=PBAL135">Click here now to discover winning stocks</a>!</em></div>
<p><strong>Anheuser-Busch InBev</strong> (<a href="http://wallstcheatsheet.com/stock-research/company?qs=BUD" target="_blank">NYSE:BUD</a>) reported <a href="http://www.ab-inbev.com/press_releases/20130227_1_e.pdf">fourth-quarter and full-year 2012 results</a> on Tuesday morning that sent the stock up only fractionally. For the year, AB InBev<strong> </strong>reported organic revenue growth of 7.2 percent and gross profit growth of 8.5 percent. Earnings grew 23.4 percent to $4.53 per share, while gross margin increased 71 basis points to 58.6 percent. For the fourth quarter, organic revenue grew 7.4 percent, year over year, while gross profit grew 8.8 percent. Earnings per share decreased 5.2 percent to $1.10.</p>
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<p><strong><a href="http://wallstcheatsheet.com/view-image?src=2012/04/Groupon-300x200.jpg"><img class="alignleft  wp-image-185192" style="margin: 10px;" alt="Groupon" src="http://images.wallstcheatsheet.com/wp-content/uploads/2012/04/Groupon-300x200.jpg" width="270" height="180" /></a>Groupon </strong>(<a href="http://wallstcheatsheet.com/stock-research/company?qs=GRPN" target="_blank">NASDAQ:GRPN</a>) won&#8217;t release its earnings until after the closing bell, but shares traded up 1.2 percent in the pre-market anyway. Expectations that the beleaguered daily-deals site turned commerce platform will swing to a profit are high, with <a href="http://finance.yahoo.com/q/ae?s=GRPN+Analyst+Estimates&amp;desktop_view_default=true">analysts looking for</a> earnings of $0.03 per share, compared to a loss of $0.02 per share in the year-ago period. Revenue is expected to climb 26 percent to $638.41 million.</p>
<div class="text-ad" style="border: 1px solid #999; padding: 10px 15px; font-size: 12px; font-style: italic; margin-bottom: 15px;"><em>These stocks are hitting our Profit Targets. <a href="https://wallstcheatsheet.com/newsletters/wscs-premium/?ref=PBAL135">Click here now to discover winning stocks</a>!</em></div>
<p><strong>“I am pleased to say that today I signed New Jersey’s Internet Gaming Bill</strong>, opening the way for new opportunity to bolster our efforts to continue the revival of Atlantic City, its casinos and entertainment offerings,&#8221; wrote Governor Chris Christie <a href="http://www.newjersey.gov/governor/news/news/552013/approved/20130226m.html">in a statement</a>. The news<strong> </strong>spurred investors bullish on the prospects of online real-money gambling to bid <strong>Zynga </strong>(<a href="http://wallstcheatsheet.com/stock-research/company?qs=ZNGA" target="_blank">NASDAQ:ZNGA</a>) up as much as 3 percent in pre-market trading. <strong>Caesars Entertainment </strong>(<a href="http://wallstcheatsheet.com/stock-research/company?qs=CZR" target="_blank">NASDAQ:CZR</a>) climbed as much as 5.1 percent in the pre-market.</p>
<p><strong>Chairman of the Federal Reserve </strong><strong>Ben Bernanke </strong>is expected to continue his adamant defense of quantitative easing as he testifies before the House Financial Services Committee on Wednesday. Bernanke&#8217;s comments on policy have helped ease concern that the Fed will be ending asset purchases before certain labor-market conditions are met.</p>
<p><strong>Don&#8217;t Miss:</strong> <a href="http://wallstcheatsheet.com/stocks/bernanke-talks-sequestration-defends-the-fed.html/" target="_blank">Bernanke Talks Sequestration, Defends the Fed.</a></p>
 Read the <a href="http://wallstcheatsheet.com/stocks/targets-earnings-miss-and-bernankes-testimony-morning-buzzers.html/">original article</a> from Wall St. Cheat Sheet]]></content:encoded>
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