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

Will Macy's Impress Tomorrow? Earnings Chatter: StockTwits

NEW YORK (TheStreet) -- Investors bought a little Macy's (M - Get Report) Tuesday. Shares of the retail giant rose ahead of its earnings report Wednesday before the bell.

StockTwits.com users expect that the retail giant will report better-than-expected results.

$M Tempting to buy a few calls...

? Alex Simonelis (@alexsimonelis) May. 13 at 02:24 PM

The stock rose 0.78% Tuesday. Analysts expect 59 cents in earnings per share on $6.46 billion in sales, according to stats on Yahoo Finance. The stock closed at $57.84 on Tuesday.

The StockTwits community pointed to recent retail sales reports as evidence that results and, more importantly, guidance, would be strong. Pent-up demand from the snowy winter boosted the current quarter and will lead to good guidance from many retailers, they said.

Redbook (+4.2%), @ICSC (+3.9%) say retail sales last week were strong. After tough Q1, retailers can claim Q2 off to good start $M $JCP $JWN

? Rahul Sharma (@retail_guru) May. 13 at 09:22 AM

$M should have better revenue this quarter http://stks.co/g0bhS

? Alpha_Now (@AlphaNow) May. 12 at 05:31 PM

Investors also pointed to Macy's recent post-earnings stock performance as evidence that the company likes to set expectations so it can impress during earnings. The stock rose nearly 4% in the first month after the prior earnings announcement.

Last 4 qrtrs of $M's price movement on the earnings announcement. Reporting on Wednesday. http://stks.co/f0beA

? TradingTheDate (@TradingTheDate) May. 12 at 11:00 AM

At the time of publication the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
M $67.44 0.00%
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%
TSLA $280.02 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs