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Target jumps on earnings beat, Fed minutes in focus: Yahoo Finance

Yahoo Finance Video

Target (TGT) shares are soaring after posting second quarter results that topped analyst estimates on both the top and bottom lines, reporting diluted earnings of $2.57 per share compared to the $2.18 estimate. The retailer also raised its full-year profit guidance.

Wall Street is also anxious for the minutes from the Federal Reserve’s July meeting. Traders want to know how much discussion there was about a potential rate cut and will be searching for hints as to what Fed Chair Jerome Powell may say at his big Jackson Hole speech on Friday.

Trending tickers on Yahoo Finance include JD.com (JD), PayPal Holdings (PYPL), and Netflix (NFLX).

Key guests include:
9:35 a.m. ET - Keith Lerner, Truist Co-Chief Investment Officer & Chief Market Strategist
9:45 a.m. ET - Oliver Chen, TD Cowen Senior Research Analyst
10:45 a.m. ET - Stephen Dover, Franklin Templeton Chief Market Strategist and Head of the Franklin Templeton Institute
11:20 a.m. ET - Matt Layton, LegalShield SVP of Consumer Analytics
11:30 a.m. ET - Jon Maier, J.P. Morgan Asset Management Chief ETF Strategist