In a surprising move, Macy’s ( VIE:MACY ) has announced the appointment of two new independent directors, Richard Clark and Richard Markee, while simultaneously continuing discussions with Arkhouse and Brigade regarding a potential acquisition deal. The reshuffle also sees Tony Spring, Macy’s CEO, taking on the additional role of chairman. Richard Clark, a...
In a bid to secure a higher offer from Macy's ( NYSE:M ), investor Arkhouse Management has disclosed ongoing talks with the department store giant for access to due diligence materials. The move comes in response to Macy's characterization of the latest offer as "less than compelling," signaling a potential escalation in the battle for control over the iconic...
Macy's have recently made headlines with significant job cuts, signaling a strategic shift amidst a rapidly changing market. While job cuts often raise concerns, savvy investors may recognize these moves as part of a broader transformation strategy. This article delves into the recent developments at Macy's, shedding light on the potential opportunities that lie...
Macy's has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management. The two firms already have a large position in Macy's through Arkhouse-managed funds, according to the WSJ. Macy's board met to discuss the proposal but it is unclear how the vaunted department store brand views the offer,...
As you can see here, we are approaching a major imbalance on the hourly chart. I will be looking on the 15 minute chart for a heavy bounce off with good volume and hold it until close for a day trade. As always, thank you for viewing my analysis. #macys #puts #scalp
Analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to...
NYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65 -Falling Wedge breakout and retest wedge-line as support -Bottom of channel bounce with strong green candles -Buying volume vastly outweighs selling volume from trend -RSI showing momentum with plenty of room to run Good idea...
Trend: Below 50,100 and 200 EMA ADX, DI below 20 Trend seems to be weak Macro impact: Consumer cyclical stock are not a good buy Inflation impact on consumer purchase High interest impacting credit buying Recommendation: Wait for price to cross above the resistance @ 24.95 for re-assessment
An inverse H&S formation on the Weekly chart on Macys The price will form a right shoulder and climb out of 1.618 This is bullish for price once completed
You can buy Macy stocks aiming a mid-term profit! I prefer to wait until a confirmation. Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically) Fair Price to Intrinsic Value: 0.91 which is a good score! To summarize my fundamental opinion on this stock: just good ( a little bullish )
Bias on Upside after good earnings. Weekly chart above 23.8% Fibo Copy the moment since GFC 2008
Looking out for a bullish pattern with the second cup and handle. Previous resistance and support indicated as roof with 17% possible upside. Please let me know if any patterns - signal where missed.
Not Today, Maybe Tomorrow... For Sure when Rebound Waves start to come! Buy Only for this One... @M Estimated Earning per Share "Not yet Given" Last EPS USD 1.09 Last Dividend USD 0.38
What is Macys? Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's...
$M has been following elliott wave nicely. Wave-3 was almost 1.62 of wave-1 which is very typical of a stock. With that, as the wave-4 is forming, I am presenting an idea that can lead to ~20% gains during next few days: Entry: $8.4-8.00 TP1: $10.8-11.2 What do you think about this idea? Leave your comments below. Have a great weekend! Disclaimer: This is not...
Wave Count: - Wave C Reason(s) to short: - Bearish divergence at 1 hour time frame - Reached the channel top - Reached the 1 trend-based Fibonacci extension Note: - This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.