Macy's Inc (M): Today's Featured Services Laggard
(
) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Macy's fell $0.90 (-1.8%) to $49.47 on average volume. Throughout the day, 4,695,150 shares of Macy's exchanged hands as compared to its average daily volume of 3,462,300 shares. The stock ranged in price between $48.96-$50.49 after having opened the day at $50.25 as compared to the previous trading day's close of $50.37. Other companies within the Services sector that declined today were:
(
), down 9.9%,
(
), down 9.8%,
Entravision Communications Corporation
(
), down 8.9% and
(
), down 8.6%.
Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Macy's has a market cap of $19.3 billion and is part of the retail industry. Shares are up 28.8% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Macy's a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Macy's
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Macy's Ratings Report.
On the positive front,
(
), up 25.7%,
Birks & Mayors
(
BMJ
), up 23.6%,
LightInTheBox Holding Co Ltd ADR
(
), up 14.0% and
(
), up 12.8% , were all gainers within the services sector with
(
) being today's featured services sector leader.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
iShares Dow Jones US Cons Services
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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