With Macy's reporting quarterly results next week, Jim Cramer explains why he is a believer in the stock. Despite Tumi's weak results and Ralph Lauren's disappointing forecast, two companies that are integral to Macy's, he says he is encouraged by good numbers out of Costco and Gap. Being a fan of Macy's CEO Terry Lundgren, Jim believes that Macy's future is in good hands and advises that, if Macy's gets hit intraday ahead of the results, that investors take advantage of the opportunity.

If you liked this article you might like

Can Private Labels Revive Retail?

Can Private Labels Revive Retail?

Video: Best Presidents Day Deals!

Video: Best Presidents Day Deals!

Retail Stocks May Offer Safety in This Volatile Stock Market Environment

Retail Stocks May Offer Safety in This Volatile Stock Market Environment

Macy's Needs to Prove Itself on the Charts

Macy's Needs to Prove Itself on the Charts

Do Robust Earnings for Tapestry and Michael Kors Signal a Retail Turnaround?

Do Robust Earnings for Tapestry and Michael Kors Signal a Retail Turnaround?