Macy's? This May Be a Good Time to Avoid Adding New Retail
Thestreet.com - Wed 15 May 18:12 GMT

I really see the dividend payment as the only reason any investor would want an equity stake in this name....M

Macy's? This May Be a Good Time to Avoid Adding New Retail

  With headline retail sales printing at -0.2% month over month, somehow even with non-store retailers printing in contraction (That's e-commerce.

  Must have been a bad day, because comp sales on an owned and licensed business actually improved 0.7% for the quarter.

  What They Said The firm stands by full year guidance laid out several months ago, expecting a flat revenue number that produces EPS for 2019 that lands between $3.05 and $3.25.

  The firm still expects comp sales to land in a range spanning growth of 0% to 1%.

  Just my opinion, but with the trade war with China reaching incendiary levels, this may be a good time to not only avoid adding new retail industry, but hedging existing longs that traders are looking to hang on to.