Target's Big Miss and Holiday Blues, Micron Warns and Binance's CEO Talks FTX. 11/16/22
Carl Quintanilla, Jim Cramer and David Faber led off the show with shares of Target tumbling in reaction to the retailer's Q3 earnings miss and lowered guidance for the holiday quarter. On the flip side, Lowe's posted better-than-expected quarterly results. So how should you play the retail sector? As for the chips, shares of Micron under pressure after the company cut its supply forecast for 2023, citing market conditions. Also in focus: The CEO of Binance talks crypto regulation in wake of the FTX collapse, Disney World to hike ticket prices in December, plus lots on big tech -- including Google parent Alphabet facing activist pressure to cut costs.
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