I like Macy’s and I am entering with an option strategy
Sell to Open M June Puts at 1.2 or better (StrikeÂ is only for Premium Members)
This hurts sales… Wal-Mart, the world’s largest discount retailer, missed on earnings and lowered guidance (predictions about future financial results). Another large retailer, Kohl’s, saw earnings drop 15% for the quarter. Both blamed the weather, in part, for their poor results.
Because of this, we paid special attention to the most recent earnings report of today’s company. That’s because this company is one of the largest retailers in the world.
Macy’s will have retired $6.4 billion in stock. That’s equal to 30% of Macy’s $21.3 billion market cap (the value of all outstanding shares).
And to put that in further perspective, that’s over two-times larger than the entire market cap of J.C. Penney. And $6.4 billion is 150% larger than the entire market cap of another Macy’s competitor, Sears.