$5,000 investments that are worth +$1 million: Bitcoin: 9 yrs ago Nvidia: 10 yrs ago Tesla: 14 yrs ago Netflix: 16 yrs ago Apple: 20 yrs ago Amazon: 22 yrs ago Starbucks: 32 yrs ago Microsoft: 33 yrs ago Costco: 35 yrs ago Nike: 37 yrs ago Walmart: 40 yrs ago Disney: 50 yrs ago

Target Corp (TGT) shares dropped over 18% in pre-market trading on Wednesday after the retailer posted lower third-quarter profit and warned of a soft holiday period ahead. Pre-tax earnings fell by 11.6% to $1.09 billion during the third quarter, as revenue climbed by 1.1% to $25.67 billion and gross margins fell by 0.2% to 27.2%. Analysts had been expecting revenue of $25.90 billion, while earnings also undershot forecasts of $2.30 per share at $1.85, reflecting Target’s biggest miss in two years. “Unique challenges” hit the business over the quarter, chief executive Brian Cornell said, including softness in discretionary categories and October’s strike among US port workers.

D Trump has advised both Mexico and Canada that if they do not resolve current border issues, tariffs of 25% will be applied to all incoming goods. For China it will be 10%. Interesting times ahead.

Two revolutionary companies went public twenty years ago. These are their returns since… Google ($GOOGL): +6,530% Domino’s Pizza ($DPZ): +7,370% Lesson: You cannot do a search on an empty stomach :)