Jim Cramer Says Macy’s Is Difficult to Own With Lower Mall Traffic
Jim Cramer says investors should hold Estee Lauder over Macy's.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Macy's (M) - Get Report is a mall play. 'If you want to own Macy's, own Estee Lauder (EL) - Get Report - that's the part of Macy's that does best,' Cramer said. He doesn't think Macy's will spin-off its real estate assets.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
