Stock market showman Jim Cramer is eager to see results from the big retailers reporting this week. Target, Home Depot and Lowe’s are scheduled to report, and it’s hard to believe they aren’t a little undervalued right now. Target competitor Kohl’s reported a tough quarter, and Target especially may have suffered on the Kohl’s news. Target shares did see a little upswing at the end of the week on the announcement it would sell its Target Commercial Interiors business.
That’s part of an effort by Target to get leaner and take advantage — with its core business — of good jobs numbers and fairly good consumer confidence data.