workspace, coffee, laptop-1280538.jpg

Today in the Market (2/28/2023)

Good Evening! Tuesday was the last day in a turbulent month of February on Wall Street for U.S. equities.

The S&P 500 was down 0.30%, while the Dow Jones fell 0.71%. However, the Nasdaq Composite only fell by 0.10%.


As consumer spending turns away from discretionary categories, Target (TGT) reported fiscal fourth-quarter profits above projections. Especially with what remains a “very challenging environment,” Target CEO Brian Cornell expressed his team’s satisfaction with the sales gain.

  • Revenue: $31.40 Billion vs. $30.46 Billion Expected
  • Same Store Sales: 0.7% vs. -1.74% Expected
  • Earnings Per Share: $1.89 vs. $1.48 Expected

Diversification in products? Cornell said that having several category offers, including food & beverage in addition to beauty and home goods, benefited the shop during the previous quarter.

Looking ahead! The company is focusing on its long-term plan and “continued differentiation through affordability, assortment, ease, and convenience,” according to Cornell. On top of that, in the following three years, the firm aspires to surpass its pre-pandemic operating income margin rate of 6%, with the possibility of achieving this objective as early as fiscal 2024.


workspace, coffee, laptop-1280538.jpg

According to statistics evaluated by the WSJ from the Labor Department, more than a million people entered part-time employment in December and January, with the majority opting for temporary work over full-time.

Let’s look deeper into the data… As of last month, nearly 22 million part-time workers deliberately worked less than 35 hours per week, compared to just 4 million who sought full-time hours but were unable to get them. According to the WSJ, this is a 6 to 1 ratio and is the highest it has been in twenty years.

But, Why? Early in the pandemic, when layoffs shook the economy, the percentage of people working part-time “for economic reasons,” as classified by the Labor Bureau, increased and peaked in April 2020. After that, however, the mood shifted: an increasing number of individuals chose to work part-time “for noneconomic reasons,” such as caring and personal health.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?