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Stock Market Roundup Jan. 18: TGT Down, Financial Stocks (GS, C) in Focus

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On Wednesday, Target Corp. (TGT - Free Report) is the just the latest brick-and-mortar retailer to report dismal holiday season sales, and its stock took a huge hit as a result. In the financial sector, Goldman Sachs (GS - Free Report) and Citigroup (C - Free Report) were both on the move after reporting fourth-quarter earnings before the bell today. Goldman Sachs beat Street estimates on both the top and bottom lines, whole Citi posted mixed results.

Zacks #1 (Strong Buy) Biggest Movers

Value: AK Steel

Growth: United States Steel Corp. (X - Free Report)

Momentum: X

VGM: AKS

Major Indexes

DOW: 19,804.43 / -22.34 / -0.11%

S&P 500: 2,271.92 / +4.03 / +0.18%

NASDAQ: 5,555.56 / +16.83 / +0.30%

Top Headlines

Target Slides 6% on Disappointing Holiday Sales

Target is the latest retailer to report disappointing holiday sales, and its stock fell around 6% as a result. The retailer said that comparable sales fell 1.3% in November and December; any gains seen in its online business were outshone by increased difficulty in getting customers into its stores, as well as stiff price competition from rivals.

Here’s Why CoLucid Pharma is Skyrocketing 32% Today

Shares of biopharmaceutical company CoLucid Pharmaceuticals skyrocketed around 32% after Eli Lilly and Co. announced it is buying the company for a whopping $960 million. With the deal, Eli Lilly is gaining access to CoLucid’s experimental treatment for migraine, a large but under-treated condition that affects roughly 36 million Americans.

Bull of the Day: B&G Foods (BGS - Free Report)

B&G Foods (BGS - Free Report) is a food products company with a huge portfolio of well-known brands. B&G continues to grow organically and through acquisitions, and after better than expected results and revised guidance, analysts have raised estimates for the company. For this reason, B&G is Zacks’ Bull of the Day.

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