A quick look at the week’s winners, losers and newsmakers.
Winner
The pandemic has been good to Target, whose second-quarter earnings went far beyond analyst expectations, as buyers scooped up electronics, home items and food and beverages. Yahoo Finance characterized the results as “tech company-like growth numbers on the top and bottom lines” that are “indicative of a company doing a ton right in the minds of shoppers in this topsy-turvy environment.”
Loser
We’re not getting political here, but Donald Trump’s attack on Goodyear fell, well, flat. The president called for a boycott over a presentation given at one plant in which MAGA attire was allegedly called “unacceptable.” Trump’s suggestion of some sort of political bias runs counter to the company’s track record of political donations, which have favored the GOP, according to this report by a Cleveland TV station.
Meanwhile, the anti-Trump PAC Lincoln Project put out a video pointing out that Goodyear employs thousands of people in the swing state of Ohio.