Best Buy and Macy's Say It All

By

Jim Cramer

 | Aug 27, 2014 | 2:21 PM EDT
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Best Buy (BBY) and Macy's (M) say it all. Both missed. Both guided down. Both were pretty shocking, Macy's because it has been amazingly consistent and Best Buy because, honestly, the commentary could not have been more negative.

Macy's got hammered and it turned out to be a fabulous buying opportunity. Why? Try as I have, I don't know. Maybe it is just a belief that things are getting better. Maybe because people believe that the lower gasoline goes, the better Macy's does. Perhaps it was an aberration? Maybe they saw how J.C. Penney (JCP) came back but not so much that it made a difference? Maybe it was a recognition that there has been less price-cutting in the group? We don't even know. No one has the answer -- but I have heard a lot of conjecture....479 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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