0JXD trade ideas
Jump out of the board RIGHT NOWWell $8 was a really optimistic target price. From the resistance level I just drawn on the chart I think Macy’s is having trouble to further it’s gain. I am playing extremely safe for this stock because of the uncertainties involved, so I am cashing out 80% of my long positions and watch on the sidelines. And remember guys, trade Macy’s with OPTIONS only! Please don’t but with stocks! it’s just TOO dangerous.
$M Macy's looks to have a slight down trend before bull marketRSI divergence is our main sell signal here. There's also some fractal support/resistance here.
Will be re-entering $M @ 5.20.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
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Best of luck to everyone!
Macy's trying to stage a recoveryMacy's (NYSE:M) reports owned plus licensed comparable sales fell 0.5% in Q4 to land ahead of the consensus estimate for a drop of 2.3%.
"We were pleased with the significant trend improvement in the fourth quarter, including a meaningful sales uptick in the 10 shopping days before Christmas," notes Macy's CEO Jeff Gennette.
The company's gross margin rate fell 70 bps to 36.8% of sales during the quarter vs. 36.9% consensus.
Looking ahead, Macy's sees sales of $23.6B to $23.9B vs. $23.8B consensus and EPS of $2.20 to $2.40 vs. $2.46 consensus. Seekingalpha
Technical options. You decide based on fundamentals.Currently, if inverse head and shoulders bounces right shoulder here (4.70-4.80) and goes up, technical analysis dictates that it will go uppppp.
Now if the right shoulder over extends that head, it's no longer a head and shoulder. And with the small bearish head and shoulder I traced out at the end of today's (Thursday 23rd) market, it looks like it would be going down.
Fundamentally with the current economy, negative news, SPY hovering under channel support (possible breakout down), oil misbehaving, Macy's furloughing like no tomorrow, and nobody doing any shopping because Corona and all time high of unemployment, I probably won't support bulls sorry guys. But hey, the market proves as many people wrong as it can, right.
Is it worth buying dividends stocks now? why do you think I chose Macy's for my post today? we all know that Macy's is the largest and oldest company in the U.S., founded back in 1858, but I'm not interested in it because it has such a rich history. The point is, this paper is rolled into a coffin. Its value fell by 19% yesterday at the trades: from 5.94 to 4.81. And that's why: dividends! But let's go step by step.
Now against the backdrop of panic, many "experts" advise to buy dividend stocks: they say it's okay, let the paper fall, but the dividends will compensate. And then we'll see if it grows. Frankly, I haven't heard a crazier idea yet. Are you people serious?
For those who may not be aware of and are facing dividends for the first time, here is a short historical overview. Dividends are a part of the profit of a joint stock company, distributed among shareholders in the form of earnings per share. The history of dividends goes back several centuries. The first joint stock company in the modern sense was the British East India Company, which was engaged in sending expeditions for spices. From 1600 to 1657, the company operated under a system of permanently renewable capital: the shares of the participants were returned to them after each voyage at the expense of profits from the sale of spices. And in 1657 the charter of the company was changed so that the company began to pay dividends, retaining sufficient capital to organize the next expedition.
Let's go back to our days: I have never seen such a waiver of dividend payments in the last two weeks. At least three companies have announced it: OXY ( I wrote about it before in the post of oil ), BA and Masy's. It should be understood that companies that refuse to pay dividends will fall the fastest, because the public refusal to pay suggests that there are problems in management and the management can not handle with the situation. In this sense, companies are trapped in some way. Let's move on. Now they're advising you to buy dividend stocks. Guys, this is bullshit. First of all, quarterly reports will be bad, if you buy stocks hoping to be compensated by dividends, it's unlikely to happen, because quarterly reports will be bad.it's possible that many companies will still be refusing dividends. This way, you buy falling paper in the hope of getting divs paid, and they will be cancelled and u will fall even more. Friends, when there is uncertainty in the market, being without a position is also a position, and perhaps the wisest.
Take care!) By the way, I'd be happy to your comments or likes. So I can see that you care about what I do. I'm motivated by that.)
Macy's a buy - Covid discountMacy's brand will survive. Many pressures over the last decade--student loan and credit card debt a big one.
As time progresses, student loan relief is inevitable as millennials begin replacing boomers in leadership. Once this happens, malls will spring back with historic vigor and will pull share from Amazon. Physical shopping, Sbarro, Orange Julius--coming back.
Macy's can survive in the interim, Covid discount. Long-term buy and hold. All time lows here.
M: Macys worth a gamble?Not encourging anyone to jump on a stock that has had a continuous bear trend even through the greatest US market run in history, but it may be worth a gamble here. If it can recover (as it has in the past) the gains could be fairly absurd. As you can see, buying in now and then achieving its previous high will be almost a 600% gain. Again, not encouraging anyone to buy something that has been on a downward spiral since 2015. :)
