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Target has the Highest Level of Cash in the General Merchandise Stores Industry (TGT, DLTR, DG, BIG, TUES)

By Amy Schwartz

Below are the three companies in the General Merchandise Stores industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Target ranks highest with a CE of $2,000. Following is Dollar Tree with a CE of $1,000. Dollar General ranks third highest with a CE of $181.

Big Lots follows with a CE of $57, and Tuesday Morning rounds out the top five with a CE of $23.

SmarTrend recommended that its subscribers protect gains by selling shares of Target on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $79.85. Since that call, shares of Target have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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