Phase One Is Done: How Investors Should Approach the Trade Deal, Target's Missed Comps and Goldman Sachs Earnings

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Jim Cramer is out in San Francisco all week, so Jeff Marks, senior portfolio analyst with Action Alerts PLUS, is joining TheStreet's live show. 

How's the Trade Deal Looking?

The U.S. and China are expected to sign the phase one trade deal at 11:30a.m. ET.

On paper, the deal promises increased U.S. agricultural exports and reforms to China’s policies on intellectual property, technology transfer, and financial services, according to a U.S. Trade Representative document.

China will end its practice of pressuring foreign companies to hand over technological innovations in exchange for Chinese market access, approvals and other advantages.

China has also agreed to spend $200 billion over the next two years on U.S. food, agriculture, and seafood products and other services.

Target's Missed Bullseye

Target's (TGT) - Get Report comp sales came in lighter than expected for the holiday season.

Target reported sales that rose 1.4% between Nov. 1 and Dec. 31 in stores and through its digital channels. However, the number came in below forecasts. The retailer also warned that growth for the full quarter, which includes January, will likely come in less than half the 3% to 4% growth it had been expecting.

The Minneapolis-based company pointed to weak sales of toys and electronics – two key holiday-season categories that all retailers count on to boost sales. It said it was maintaining its profit targets, in part because other categories that did have robust sales earn higher margins.

Let's Review: How'd Goldman Sachs Do?

Goldman Sachs reported earnings before the bell Wednesday.

Goldman said earnings for the three months ending in December came in at $4.69 per share, down 41% from the same period last years and well shy of the $5.46 Street consensus forecast. Litigation charges of around $1.1 billion, taking a notable chunk from the bank's bottom line. Group revenues, Goldman said, rose 23% to 9.96 billion, well ahead of analysts' forecast of an $8.906 billion tally.

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