Wednesday, August 09, 2017 2:34:13 PM
This past week we have seen good retail reports from Michael Kors Hldg (KORS) and horrible reports from Fossil Grp Inc. (FOSL). This is the first quarter in recent history where there has been a mix, both good and bad earnings. Over the last few quarters, it has just been bad for every retailer. So what makes me bullish on Macy's Inc (NYSE:M), who reports tomorrow morning before the market opens? The answer can be found in the stock chart. While still near its multi-year lows, the stock has inched over the daily 20 and 50 moving averages. In addition, the stock has been consolidating for the last week, making a bullish flag pattern. This pattern increases the odds of a surge on earnings. Being a stock chart trader and investor, I am using that to my advantage. I am strongly bullish on Macy's Inc into earnings tomorrow. The company is expected to report earnings of $0.45 on $5.49 billion in revenue. The real key will be margins and guidance going forward.
Gareth Soloway
InTheMoneyStocks
Recent M News
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- Macy’s, Inc. Gears Up to Hire for More Than 31,500 Seasonal Positions to Deliver Joyful Holiday Shopping Experiences • Business Wire • 09/19/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 12:18:38 PM
- Macy’s, Inc. Announces Early Tender Results of Debt Tender Offer • Business Wire • 09/18/2024 12:15:00 PM
- Macy’s Launches Mode of One, a New Contemporary Menswear Brand, Strengthening Fashion Leadership in Private Brands • Business Wire • 09/12/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 11:41:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/05/2024 06:31:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 09:35:01 PM
- Macy’s, Inc. Announces Debt Tender Offer • Business Wire • 09/04/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/04/2024 10:51:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 08:27:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 08:14:12 PM
- Macy’s, Inc. Board of Directors Declares Quarterly Dividend • Business Wire • 08/23/2024 04:39:00 PM
- Macy’s, Inc. to Participate at the Goldman Sachs 31st Annual Global Retailing Conference • Business Wire • 08/22/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 11:23:56 AM
- Macy’s, Inc. Reports Second Quarter 2024 Results • Business Wire • 08/21/2024 10:55:00 AM
- Rebag et Bloomingdale collaborent pour élargir l'accès au marché de la revente de produits de luxe • PR Newswire (Canada) • 08/09/2024 03:24:00 PM
- Rebag and Bloomingdale's Collaborate to Expand Access to the Luxury Resale Market • PR Newswire (Canada) • 08/08/2024 01:00:00 PM
- Rebag and Bloomingdale's Collaborate to Expand Access to the Luxury Resale Market • PR Newswire (US) • 08/08/2024 01:00:00 PM
- Macy’s, Inc. to Report Second Quarter 2024 Results on August 21, 2024 • Business Wire • 08/07/2024 08:15:00 PM
- Macy’s Relaunches Epic Threads, Celebrating Kids’ Style – Just in Time for Back-to-School • Business Wire • 07/16/2024 01:00:00 PM
- Match Group Soars 8% Amid Potential Sale Pressure; Deutsche Bank Anticipates 2Q Loss, and More • IH Market News • 07/16/2024 10:10:09 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 12:45:24 PM
- Macy’s, Inc. Terminates Discussions with Arkhouse and Brigade • Business Wire • 07/15/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 07:26:26 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM