Target Beats on Earnings // Amazon Becomes World's Biggest Retailer/ Chinese Tech Stocks Struggling - 8/18 (Hour 2)

The Financial Exchange Show - A podcast by The Financial Exchange Network

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(0:41) - Target reported an earnings beat that revealed an 8.9% jump in sales in addition to a 13.7% rise in foot traffic for the second quarter. However, the stock is down over 1%. (15:28) - Amazon has officially passed Walmart as the biggest retailed in the world (outside of China), despite being e-commerce only. Years ago, it seemed that Walmart was untouchable.(22:19) - Recent crackdowns on Chinese tech have hammered stocks in that sector, and have significantly raised the risk in investing in tech from China.(32:55) - Molson Coors has become a minority investor in Dwayne "The Rock" Johnson's Zoa Energy drink, which is supposedly a much healthier alternative to your average energy drink.