Daily Stock Opinions and Ratings

Opinions

Jim Cramer - Mad MoneyMacys Inc. (formerly Federated Department Stores)MBUYOct 03, 2022

Shares are very cheap now. He likes the CEO.

Jim Cramer - Mad Money

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$16.09

Stock price when the opinion was issued

$24.10

As of Jun 18, 2026. Market Open.

department stores

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BUY

Before their recent report, shares were down 47% for the year, but the beat their numbers across the board, including earnings, though those numbers were not great. They've discounted their inventory like crazy until it's now manageable. Are positioned well for holiday shopping. Also, he has faith in the new CEO.

WATCH

They report Thursday. He wants to hear their holiday forecast and the state of the consumer.

DON'T BUY

It's cheap, but shares can keep falling. The market is bearish on retail now.

BUY

The CEO announced he will step down next February. The CEO guided Macy's through Covid by sticking to his turnaround plan and emerged stronger. An incredible job. When the CEO took the job in 2018, Macy's was spiralling, crushed by debt and dominated by e-commerce.

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TOP PICK

Macy's, Inc. is one of the nation's premier omni-channel fashion retailers. The company comprises three retail brands, Macy's, Bloomingdale's and Bluemercury. Macy's, Inc. is headquartered in New York, New York. Social media mentions are up 67% in the past 24h.

BUY

He liked it at $15 and $20, and he still likes it at $23. Good CEO and trades at 5x earnings.

BUY

options It's been choppy and rangebound this year. Their cash flow has risen. There was a buyer of 5,000 of the May 26 calls going for $1.25. Very interesting. Macy's has a 10% short interest in it. He sees upside.

BUY

He's buying Macy's puts. Downside action is expected at the 24 strike. He owns puts.

BUY

If the Omicron variant does not slow down the economy and the market snaps back, then buy... Delivered a super quarter. When tourists come back to Macy's flagship store, the stock will have a great quarter.

BUY

Likes it. He loves retail now, because consumers are so strong that it can overcome inventory shortages. There are few promotions/sales happening, so they can sell goods at full price and sends stocks higher.

BUY

The U.S. reopening trade People will buy business casual again and this will be a huge driver in the apparel space. So, Gap or even Macy's fits the bill. However, to play the US reopening, buy energy stocks.

COMMENT

They report Tuesday. Share may pop, but today's 14% advance may have stolen that. He expects a slight beat when they report. Macys needs foreign tourists and we're not there yet.

BUY

The stores and their credit card are good. The only issue is the stock has roared up 36%, but if Kohl's can keep rising, so can Macy's.

BUY

Will benefit from the recovery trade as vaccines reach the wider population. Marginal retailers will come back, and Macy's tops the list. They put up good numbers last week wit their EBITDA coming out better than planned. This will enjoy a serious lift when people return to shops.

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