Cramer: Shop for Macy's on Any Pullback Ahead of Earnings
Despite bad news from two companies that are integral to Macy's -- weak results from Tumi and a disappointing forecast from Ralph Lauren -- Jim Cramer says he is encouraged by good numbers out of Costco and Gap.
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.
