In chapter 8 we learned about risk and rates of return. By now most company already announced their Q3 earnings. Today, Target announced their Q3 earnings and it fell short of expectations. According to Michael Molinski, "Target Earnings Miss, Holiday-Quarter Guidance Weak; TGT Stock Dives", Investor's Business Daily, November 16, 2022, Target "Sales rose 3.4% to $26.52 billion, just topping forecasts for $26.4 billion. Same-store sales climbed 2.7% vs. estimates for 2.2%." In this article Michael Molinski compared Target to Walmart, where Walmart's Q3 earnings was above expectations. In chapter 8, we learned that the returns of one stock is more volatile than a diversified portfolio of stocks. Investors choose diversified to reduce risk, some investors diversified their portfolio by investing in different type of stocks, other investors would choose a global assets that including stocks, bonds, commodities, and real estate. This article is a good example of why you should choose a diversified portfolio instead of just one stocks because if you invested in both Target and Walmart even you see lost you will also gained. And, also how volatile the current stock market perform, how yesterday Walmart jumped to 6.5% and bordered up 0.7% today. Comment on the above statement