A number of stocks fell in the afternoon session after reports pointed to a broad-based weakening of consumer health, highlighted by rising loan delinquencies and falling spending intentions.
Shares of department store chain Macy’s (NYSE:M)
jumped 4.3% in the morning session after the company announced positive early results for its cash tender offer and upsized the deal.
Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 6%. This drawdown is a stark contrast from the S&P 500’s 5.4% gain.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Macy's (NYSE:M) and the best and worst performers in the general merchandise retail industry.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Lululemon Athletica Inc. (NASDAQ: LULU) plunged 21.1% during the pre-market trading session on Friday, as it cut its full-year earnings forecast, attributing it to an unpredictable macroeconomic environment.
Macy's (NYSE: M) reported Q1 results above expectations, but lowered full-year earnings guidance due to tariffs and consumer spending. Exciting earnings season.
Department store chain Macy’s (NYSE:M) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 4.1% year on year to $4.79 billion. Its non-GAAP profit of $0.16 per share was in line with analysts’ consensus estimates.
After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp.
