About Macy's Company
Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.
Consumer Stocks Gain Into the Heart of the Holiday Shopping Season
How the US Accumulated $1 Trillion in Credit Card Bills
Americans have accumulated a record $1 trillion in credit card debt. Meanwhile, the Fed's interest rate hike caused average credit card interest rates to soar above 22%. Interest rates on retail credit cards are even higher, averaging close to 29%. Ted Rothman, a senior industry analyst at Bankrate.com, said, “Even if you work and wages have gone up, prices of everything such as rent, groceries, gasoline, etc.” “So people don't feel like they're improving.” Major retailers such as Macy's and Nordstrom have issued warnings that credit card repayments will slow down in summer. This phenomenon highlights the zero holiday season in the US this year
Jim Cramer: Buy Shares Of This Personal Computer Giant, Wait For 'A Little Bit Of Pullback'
On CNBC's "Mad Money Lightning Round," Jim Cramer said he would not buy CRISPR Therapeutics AG (NASDAQ:CRSP) stock "all the way up here. I think it's got to come down a little because the stock is
Near-Term Bearish Divergence
We are still well within the bullish price channel, so there is no need to worry yet. And the rally is still at full strength. But that naturally puts it in overbought territory.
There is a slight bearish divergence on the smaller timeframes.
The last minor divergence gave us a very small correction that lasted no longer than a day. Will we see another correction? Will it be a good dip buy opportunity?
$Invesco QQQ Trust(QQQ.US)$$SPDR S&P 500 ETF(SPY.US)$$Intel(INTC.US)$$Applied Materials(AMAT.US)$$Microsoft(MSFT.US)$$Walmart(WMT.US)$$Macy's(M.US)$
Macys might be a big mover today. Positive earnings report; LOOK at the DAILY scale moving averages! If I remember correctly, M ticker does make volatile moves from time to time.
Nice rounded bottom reversal pattern setup. Those moving avergaes are locked and loaded for big potential. Ill be watching/ likely buying a few calls at open.