Happy hump day!

Jim Cramer breaks down what investors need to know about Target (TGT - Get Report) and the markets.

So, Target...

Real Money Stock of the Day Target released its earnings Wednesday morning and handily beat expectations. 

The company posted net income of $938 million, or $1.82 a share, vs. $799 million, or $1.47 a share, in the comparable year-ago quarter. Analysts polled by FactSet had been expecting earnings of $1.62 share.

Cramer praised Target CEO Brian Cornell in his Real Money column Wednesday morning. 

"Cornell has basically blown up the old Target format of big boxes that are pretty much indistinguishable from one or another and given you five different formats for five different kinds of locations. He also purchased Shipt, a fantastic online delivery company, and that's adding to the store's comparable-sales numbers versus a year ago. Some doubted anyone could revive Target after the disastrous Gregg Steinghafel years from 2008 to 2014, peaking with the incredibly ill-advised Canadian initiative, closed almost immediately by Cornell," wrote Cramer. 

But Cramer isn't done talking Target's bullseye. Here's what you need to know:

Ready For Some Football?

Get excited. 

Cramer's kicking off his Fantasy site later Wednesday. 

Got questions for Cramer and his Fantasy experts? Send your questions to @marKatRoss, @JimCramer and @BullMktFantasy on Twitter. 

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