Macy's Offers Proof of Life

 | Nov 13, 2013 | 10:48 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

m

,

kors

,

vfc

,

pvh

Can the consumer really be dead if Macy's (M) is doing that well?

No.

Yes, it is true that CEO Terry Lundgren is a superior operator who truly has reinvented the department store, making it an exciting place to go and buy things. His "My Macy's" campaign to re-regionalize the chain is working, and the remake of the Herald Square flagship store is doing very well.

But in the end, this is a sign that the consumer isn't just spending on hard goods anymore. She's also spending on clothes.

There are lots of takeaways from these Macy's numbers.

First, you can probably buy Michael Kors (KORS) off this number. Not glib. Can do.

Second, I would take a swing at VF Corp. (VFC) and PVH (PVH), even as both have huge overseas operations.

Of course, I would say buy Macy's, but I can't chase and this market does give you breaks. But the consumer can give this market a next leg -- and an important leg -- because many of these stocks have been in a total funk, and I now think they can break out of it.

Columnist Conversations

There were nice reversal-type candles on the weekly charts of the major indices. The DOW and the S&P forme...
A number of stocks on my watch lists are attempting to form positive candles a key support levels. I noted th...
Lang:
While last week was a day to pull the plug and contemplate where the market was headed, I waited for some conf...
Shares of TSLA have formed multiple hammer candles at a key level of support defined by: the September head an...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.