This story was originally published by the WND News Center.
JP Morgan has downgraded Target's stock as the "woke" trans-friendly retailer's stock suffers its longest losing streak since 2000, according to media reports.
And that was before word started getting out that Target is sponsoring an LGBT "Youth Pride" event in New York City later this month.
The corporation's stock reportedly has lost $14 billion in market value in the last couple of weeks, with MarketWatch reporting that Target's stock "has fallen 12.2% in 2023, compared with the [S&P 500 Index’s] ... gain of 8.9%."
The troubles for Target began when moms and conservatives learned that it was selling "tuck-friendly" swimwear for "trans women" (men who identify as women and attempt to "tuck away" their genitalia accordingly), as well as LGBT "pride" clothing and books like "I'm So Happy that You're Queer" for children in the run-up to this year's homosexual-bisexual-transgender "pride month" (June).
"Target Corp.’s stock, which is on its longest losing streak in 23 years, was downgraded to neutral from overweight Thursday by JPMorgan, which cited 'too many concerns rising' in relation to the retail giant," MarketWatch reported Thursday.
JPMorgan analyst Christopher Horvers cited Target's "consumer pressures and recent company controversies," which he said "could turn [Target's] traffic negative after an impressive run of 12 consecutive positive quarters," MW reported.
Conservatives who are delighted that a large swath of Americans is finally fighting back successfully against trans- and LGBT-pandering corporations were ecstatic at the news of Target's continued stock decline as the boycott against it grows.
"Happy Pride Month, Target!!" tweeted Charlie Kirk, founder, and CEO of Turning Point USA, as he reported the JPMorgan downgrade.
Target sponsors LGBT 'youth pride' event
On Twitter, author Ashley St. Clair revealed that the retailer had signed up to sponsor this year's New York City's "Youth Pride" event, affiliated with the larger homosexual-bisexual-trans "pride" annual celebration. The June 24 event is described as a "celebration of and for LGBTQIA+ and ally teens returns." The sponsorship was precisely the type that at one time might have been seen as a "safe" corporate "ally" opportunity – Target like most big corporations heavily finance LGBT advocacy – but now is dynamite as conservatives point a laser beam at the company's far-left social agendas.
"NYC Pride is proud to host Youth Pride, the annual celebration of and for LGBTQIA+ and ally teens in partnership with our founding sponsor Target. Join us as we dance the day away with rotating DJs, musical performances, special guests, and more! Youth Pride is a 100% free event featuring interactive moments, games, beverages, snacks and so much more," says the site for Heritage of Pride, a private group that runs the city's "pride" events.
As this reporter has observed and documented, New York City's homosexual-bisexual-transgender "pride" celebrations, in particular its annual "pride" parade, expose very young children to licentious behaviors. nudity and even sadomasochism.
A May 25 Twitter video by conservative influencer Benny Johnson showing him exposing Target's "pride" merchandise, marketed to and easily accessed by children, had 6.8 million views at press time: