Mauriello

Macy's Stock Analysis - M Technical and Fundamental Analysis

Long
NYSE:M   Macy's Inc
Based on Technical Analysis - Hold the position before buying as the stores will open starting from Monday:
Macy’s is planning to reopen 68 department stores Monday.
It expects to have all of its roughly 775 stores reopened in six week


Fundamental Analysis - as usual gives us bed news (that perhaps they have already been discounted by the prices)
Macy's will delay its first-quarter earnings until July 1 due to the "significant business disruption"
On June 9, Macy's will release "select and preliminary" first-quarter results before the markets open


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