Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

19. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders In Q3 2024: 49

Target Corporation (NYSE:TGT) is a discount retailer that has suffered in the ongoing consumer pinch from inflation. While it offers off-price products too, the firm has lost market share and consumer spending to rivals such as Walmart. Target Corporation (NYSE:TGT)’s stock dropped by a whopping 21% in November after its Q3 comparable sales grew by 0.3% which was well below analyst estimates of 1.4%. The retail sector has seen a lot of attention from Cramer during his shows as he believes that this is one sector that is struggling even as the tech segment of the market enjoys AI returns. Here’s what he had to say about Target Corporation (NYSE:TGT):

“And I’m also surprised at the endless strength in Target. Target buyers are so persistent, it’s [sic]up you know we don’t talk about the fact that we’re seeing buyout interest in this group, the Nordstrom interest, we have Saks, I keep thinking you know what anything retail. Again, the Dollar Tree, Dollar Tree caught a semi-upgrade today. Retail is down there with materials. There’s things that you don’t want to own.”