Stock Movers Target Surprises With Upbeat Forecast; Paramount Debt Downgraded; Credo Shares Fall
Mar 3, 2026
Retail surprise as a major big-box chain raises its full-year profit forecast and signals a turnaround. Discussion of potential U.S. limits on exports of cutting-edge AI chips and the market ripple effects. Coverage of a media merger that led to a credit downgrade due to a massive debt load. A tech equipment maker sees its shares slip after matching prior revenue guidance.
AI Snips
Chapters
Transcript
Episode notes
Target's Turnaround Shows In Upbeat Guidance
- Target's turnaround shows through stronger-than-expected full-year profit guidance with adjusted EPS of $7.50–$8.50.
- Isabelle Lee said the midpoint tops Bloomberg estimates, signaling management mitigated weak discretionary spending trends.
How Target Mitigated Consumer Pullback
- Target overcame a lengthy sales slump by adjusting strategy as households pulled back on home decor and discretionary buys.
- Isabelle Lee credited management's turnaround actions for mitigating those consumer headwinds.
Export Caps Pressure Nvidia Shares
- Nvidia shares fell about 3% pre-market after reports the US may cap AI accelerator exports to Chinese firms.
- Nathan Hager noted the proposed cap could limit NVIDIA H200 shipments and count AMD chips toward the limit.