Thursday, August 22, 2019

Sorry AFA - Target crushes estimates - Stock trading at all-time high

American Family Association — an anti-LGBTQ hate group — has been boycotting Target Corporation. (NYSE:TGT) for over three years. Target's “crime” is its policy to allow customers and staff to use facilities consistent with their gender identity.

AFA's dimwit in charge (DIC), Tim Wildmon, has made all manner of crazy claims about the effectiveness of the boycott. As The Advocate pointed out Wednesday Wildmon has dishonestly claimed that the sex crime of a cisgender man is the result of Target's policy regarding gender diverse people. Wildmon also claims that AFA is not anti-trans. Sure.

Wednesday, Target announced second quarter results. Second quarter operating income of $1.324 billion was 16.9 percent higher than a year ago. The stock surged gaining nearly 20% in price from the prior day's close. (Target's fiscal year is through January.)

I checked my Rube Index on Wednesday. Companies disfavored by the religious right tend to outperform the Dow Jones Industrial Average.

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