This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stock Upgrades, Downgrades from TheStreet.com Ratings

Each weekday, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective elements include volatility of past operating revenue, financial strength and company cash flows.

Department store operator Macy's (M - Get Report) has been downgraded to hold. While the company's profit margins have been expanding, net income is deteriorating, debt management has been poor, and return on equity has been disappointing. On Thursday, Macy's said same-store sales, or sales at stores open at least a year, rose 2.4% in August, beating Wall Street's estimates, but the company warned that it expected comps to drop 1% to 3% in September. Last month, the company posted a second-quarter profit that was sharply lower than its original forecast, and it cut its guidance for the full year. Macy's second-quarter earnings fell to $74 million, or 16 cents a share, from $317 million, or 57 cents a share, as the company recorded more charges tied to integrating its 2005 acquisition of May Department Stores. Excluding charges, Macy's earned 29 cents a share. Macy's had been rated buy since September 2005.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
SVN $0.00 0.00%
ICA $3.64 0.55%
M $64.65 -0.98%
AAPL $126.22 -1.90%
FB $77.31 -1.90%

Markets

DOW 17,958.23 -112.17 -0.62%
S&P 500 2,096.61 -17.88 -0.85%
NASDAQ 4,949.5580 -67.3710 -1.34%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs