That, however, didn't bother the bulls. They saw Macy's reaffirmation of previous guidance -- despite the sales miss -- as a sign that shopping activity had gotten much stronger once the weather improved. And the dividend increase and share buyback only underscored management's positive feelings about future sales.
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.