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Actionable news in TGT: TARGET CORPORATION,

Buy This Moving Target Despite Its Earnings

Target (TGT) surprised investors on Wednesday with second-quarter numbers that were brutal across the board. If not for heavy cost cutting the during the quarter, the company would have missed earnings. But that's something the Street picked up on and disregarded.

Target stock closed Wednesday down 6.4% to $70.63. The retailer reported a 1.1% decline in second-quarter same-store sales. Digital sales were up 16% but that marked a notable deceleration from prior quarters. Target says it's "prudent" to lower its outlook and now sees third-quarter...