Does Macy’s Belong In Your Portfolio?
C = Catalyst for a Stock’s Movement
Macy’s operates physical and online retail stores in the United States that sell a range of apparel and accessories for men, women, and children as well as home furnishings and other consumer goods. With the recent rise in the home improvement trend and people slowing on their shopping, Macy’s is a company that is poised to see rising profits. Look for this company to continue to expand as trends shift and consumers and businesses continue to adapt.
T = Technicals on the Stock Chart are Strong
Macy’s long term price chart displays how good of an outperformer it has been over the last few years. From its lows in 2008, it has seen a magnificent pattern of higher highs and higher lows. Currently, the stock is trading near its all-time highs, which coincide with its initial public offering price. If the stock can clear these levels, look for it to continue higher as there is no significant selling zones in sight.