Target’s Rally: Wait for the Dip | Raleigh News

Target’s stock surged over 5% after a strong Q2 earnings report showing solid sales growth, rising shopper traffic, and booming digital sales — but Jim Cramer urges investors to wait for a dip. While the company’s core performance is impressive, a one-time $994M tariff refund inflated earnings per share, potentially triggering investor sell-offs. Apparel and home goods lag behind, and U.S. retail sales dipped in July, adding economic risk. Still, Target’s 54-year dividend streak makes patience rewarding — waiting could mean better entry prices and steady income as the business continues its recovery.

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