Stock Market News
Monday, December 9, 2019
  • News
    • All
    • Business
    • Companies
    • Economy
    • International
    • Small Business
    Prosus increases cash offer for Just Eat to $6.7 billion

    Prosus increases cash offer for Just Eat to $6.7 billion

    How the French influenced this beautiful African island

    How the French influenced this beautiful African island

    Asia stock markets track U.S. counterparts higher after jobs-report boost

    Asia stock markets track U.S. counterparts higher after jobs-report boost

    Want to travel more in 2020? Here are tips on where and when to go

    Want to travel more in 2020? Here are tips on where and when to go

    How to grow your Twitter following from 400 to 66,000 in one weekend: Get into a feud with Mike Huckabee

    How to grow your Twitter following from 400 to 66,000 in one weekend: Get into a feud with Mike Huckabee

    Medicare head asked taxpayers to cover thousands in stolen jewelry and a $325 claim for moisturizer: report

    Medicare head asked taxpayers to cover thousands in stolen jewelry and a $325 claim for moisturizer: report

    • Business
    • Companies
    • Economy
    • International
    • Small Business
  • Politics
  • Markets
  • Personal Finance
  • Real Estate
  • Energy
  • Autos
  • Investing
  • Stock TV
Stock Market News
  • News
    • All
    • Business
    • Companies
    • Economy
    • International
    • Small Business
    Prosus increases cash offer for Just Eat to $6.7 billion

    Prosus increases cash offer for Just Eat to $6.7 billion

    How the French influenced this beautiful African island

    How the French influenced this beautiful African island

    Asia stock markets track U.S. counterparts higher after jobs-report boost

    Asia stock markets track U.S. counterparts higher after jobs-report boost

    Want to travel more in 2020? Here are tips on where and when to go

    Want to travel more in 2020? Here are tips on where and when to go

    How to grow your Twitter following from 400 to 66,000 in one weekend: Get into a feud with Mike Huckabee

    How to grow your Twitter following from 400 to 66,000 in one weekend: Get into a feud with Mike Huckabee

    Medicare head asked taxpayers to cover thousands in stolen jewelry and a $325 claim for moisturizer: report

    Medicare head asked taxpayers to cover thousands in stolen jewelry and a $325 claim for moisturizer: report

    • Business
    • Companies
    • Economy
    • International
    • Small Business
  • Politics
  • Markets
  • Personal Finance
  • Real Estate
  • Energy
  • Autos
  • Investing
  • Stock TV
No Result
View All Result
Stock Market News
No Result
View All Result
Home News Business

Macy’s ugly fiscal Q2 is not reflective of consumer health

Stock Market News by Stock Market News
August 15, 2019
in Business
2 min read
0
Macy’s ugly fiscal Q2 is not reflective of consumer health
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


CNBC’s Jim Cramer said Wednesday that Macy’s earnings miss and forecast cut is not indicative of the retail landscape.

In the fashion chain’s fiscal second quarter, shareholders took home 28 cents, well short of Wall Street’s 45 cent estimates, which triggered the stock price to free fall more than 13% in the session.

“The Macy’s conference call was brutal, but I think that’s less about the state of the consumer and more about the state of the mall-based department store,” he said.

Macy’s is feeling pain from tariffs on Chinese imports and the exodus of shoppers from the malls to online retailers, and the company’s poor execution compliments investor fears about recession signals in the bond market, Cramer said. But the “Mad Money” host is convinced this is unique to the department giant because the consumer is doing fine.

The University of Michigan’s July measurement of consumer sentiment registered above 98, topping June’s reading.

“I don’t think Macy’s is all that representative…



Source cnbc.com

Tags: ConsumerfiscalhealthMacysreflectiveugly

Related Posts

How the French influenced this beautiful African island
Business

How the French influenced this beautiful African island

December 9, 2019
Want to travel more in 2020? Here are tips on where and when to go
Business

Want to travel more in 2020? Here are tips on where and when to go

December 9, 2019
Chicago rapper Juice WRLD dies at 21
Business

Chicago rapper Juice WRLD dies at 21

December 9, 2019
Disney nears $10 billion global box office record
Business

Disney nears $10 billion global box office record

December 8, 2019
‘Playmobil’ movie bombs at box office, hauls in less than $1 million
Business

‘Playmobil’ movie bombs at box office, hauls in less than $1 million

December 8, 2019
Why online mattress start-up Nectar is seeing faster growth offline
Business

Why online mattress start-up Nectar is seeing faster growth offline

December 8, 2019
EURUSD Rates by TradingView
  • Trending
  • Comments
  • Latest
My mother, 60, lives with a con artist with a historical past of theft, deception and very bad credit

My mother, 60, lives with a con artist with a historical past of theft, deception and very bad credit

May 22, 2019
‘Pure’ and ‘farm recent’ should not all the time what they appear –– learn this earlier than searching for meals or magnificence merchandise

‘Pure’ and ‘farm recent’ should not all the time what they appear –– learn this earlier than searching for meals or magnificence merchandise

May 22, 2019
These international locations are most weak to the rising market storm

These international locations are most weak to the rising market storm

May 22, 2019
Overconfident folks from upper-class backgrounds succeed, even when they’re not that sensible

Overconfident folks from upper-class backgrounds succeed, even when they’re not that sensible

May 22, 2019
Audi hints at partnership with SAIC

Audi hints at partnership with SAIC

0
Overconfident folks from upper-class backgrounds succeed, even when they’re not that sensible

Overconfident folks from upper-class backgrounds succeed, even when they’re not that sensible

0
Within the age of #MeToo, what males ought to NOT do when working carefully with feminine colleagues

Within the age of #MeToo, what males ought to NOT do when working carefully with feminine colleagues

0
7 ‘future tech’ shares to purchase now

7 ‘future tech’ shares to purchase now

0
Audi hints at partnership with SAIC

Audi hints at partnership with SAIC

December 9, 2019
What consumers most want in 2020: a debt-free life

What consumers most want in 2020: a debt-free life

December 9, 2019
Refinancing surges as homeowners pull out the most cash in 12 years

Refinancing surges as homeowners pull out the most cash in 12 years

December 9, 2019
Climate policies could see high-emitting firms lose 43% of value

Climate policies could see high-emitting firms lose 43% of value

December 9, 2019
Ticker Tape by TradingView
  • Home
  • Contact Us
  • DMCA
  • Privacy Policy

© 2019 NewsOnStock.com

No Result
View All Result
  • News
    • Business
    • Companies
    • Economy
    • International
    • Small Business
  • Politics
  • Markets
  • Personal Finance
  • Real Estate
  • Energy
  • Autos
  • Investing
  • Stock TV

© 2019 NewsOnStock.com

Stock Market News
Send
wpDiscuz