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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:44 EDTMMacy's sees Q3 SSS lower than Q4
Sees 2H total sales growth approximately 30bp lower than comp growth. Sees gross margin rate flat to down slightly for the year. Says "feels good" about back half of the year. Says "comfortable" maintaining FY14 EPS guidance. Says women's, men's sporstwear, non-athletic shoes were weakest categories in Q2. Says internet-generated demand growing. Says back-to-school sales have been "good," sees "click and collect" helping during holiday season. Says consumers dealing with economic environment that is improving, "at best, gradually." Comments made on the Q2 earnings conference call.
News For M From The Last 14 Days
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December 19, 2014
09:20 EDTMMacy's sales soft through mid-December, says Cleveland Research
Cleveland Research said Macy's sales are tracking in the range of +1% to +2% through mid-December, vs. consensus of +2.2%. The firm said soft customer traffic trends remain the primary headwind for the quarter. Shares are Buy rated.
December 16, 2014
10:41 EDTMMacy's initiated with an Outperform at Cowen
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December 9, 2014
10:23 EDTMOn The Fly: Analyst Downgrade Summary
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08:14 EDTMMacy's downgraded at Atlantic Equities
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08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
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