|Day Low/High||21.23 / 21.71|
|52 Wk Low/High||21.08 / 41.99|
Chuck Robbins didn't bellyache that he can't get out of China and therefore numbers have to come down.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
When Macy's announced big improvements last December, the stock had quite a run. Now, investors are waiting to see more.
With retail sales showing contraction in April, price increases would significantly affect demand for Macy's products.
I really see the dividend payment as the only reason any investor would want an equity stake in this name.
The retailer turned in stronger-than-expected first-quarter earnings, but also noted that gross margins contracted.
The department store retailer needs to see more bullish price action before concluding that a rally can be sustained.
I have added to my Macy's position in the pre-market (average cost about $22.80) - raising my size from small to medium.
Macy's bottom line and forward guidance was far better than feared. Despite the unknowns associated with the possible headwind of tariffs, today should be a good day for M's shares. (The company gave some explanation of how they might navigate aroun...
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
Charts and indicators also look pretty bearish right now.
As Walmart and Macy's report, keep an eye on these retail growth indicators.
if you dug a little deeper there was some carnage in the software group.
The consumer is alive, well, and might benefit from a thaw with China and easy to get jobs. So would Boeing and Caterpillar.
If Mr. Market defies my protestations and continues moving higher, I suspect there is a ketchup (catch-up) trade in retail stocks: * The group is deeply out of favor and its relative and absolute performance is obscene * The weak fundamentals are fa...
Here are some of my individual buy levels of stocks that I want to add to or reestablish on weakness: * $157.50 * $1625 * $1150 * $42 * $55 * $46 * $46.50 * $182.50 * $31 * $40 * $23 * $65 * $16.75 * $35 * $27.75 * $60 * $95 * $48 * $87.50 Note: Lon...
However, the RMPIA did not see as much improvement last month as some other market indices.
Keep an eye on retailer stocks this week, with big names set to report their quarterly earnings.
Management needs to reinvent the assets remaining rather than trying to Frankenstein a dead body.
Because of the low valued nature of M's stock, I view the company as a 'Hold'.
I own two retail stocks, and - as posted, I have consistently been adding to them recently. M had an earnings beat but guided in-line. The stock may have a relief rally - given these results. DDS had a nice EPS beat and good guidance. My favorite tr...
And stay away from under-capitalized, over-indebted shale producers that face pressure to limit capital expenditures.