Core Insights - Investing in stocks based on valuation metrics, particularly the price-to-sales (P/S) ratio, can identify opportunities with strong upside potential, especially for unprofitable or early-stage companies [1][2][3] Valuation Metrics - The P/S ratio compares a company's market capitalization to its revenues, providing a clearer picture of value when earnings are minimal or volatile [2][5] - A P/S ratio below 1 indicates a good bargain, as investors pay less than a dollar for each dollar of revenue generated [6] - The P/S ratio is preferred over the price-to-earnings (P/E) ratio due to the difficulty of manipulating sales figures compared to earnings [7][10] Investment Opportunities - Low P/S stocks can offer compelling opportunities, often trading below their intrinsic value, making them attractive for investors seeking upside potential [3][10] - Companies with low P/S ratios identified as potential investment opportunities include: - Macy's Inc. (M) [4][12] - Oshkosh Corporation (OSK) [4][14] - Green Dot (GDOT) [4][16] - The Mosaic Company (MOS) [4][18] - PagSeguro Digital (PAGS) [4][20] Company Profiles - **Macy's Inc. (M)**: Undergoing a transformation with its Bold New Chapter program, focusing on digital initiatives and omnichannel retailing, currently has a Value Score of A and Zacks Rank 1 [12][13] - **Oshkosh Corporation (OSK)**: Engaged in custom-built vehicles and equipment, focusing on electrification and innovation, currently has a Value Score of B and Zacks Rank 2 [14][15] - **Green Dot (GDOT)**: A leader in prepaid cards and Banking-as-a-Service, with strong partnerships and a solid balance sheet, currently has a Value Score of A and Zacks Rank 1 [16][17] - **The Mosaic Company (MOS)**: A major producer of phosphate and potash, benefiting from strong demand and cost transformation efforts, currently has a Value Score of A and Zacks Rank 2 [18][19] - **PagSeguro Digital (PAGS)**: Offers a suite of financial solutions in Brazil, focusing on digital banking and innovation, currently has a Value Score of B and Zacks Rank 1 [20][21]

Core Insights - Macy's, Inc. is recognized as one of the top retail dividend stocks, highlighting its strong position in the market [1][4] - The company operates under multiple brands, including Macy's, Bloomingdale's, and Bluemercury, and offers a wide range of products [2] Business Strategy - In recent years, Macy's has focused on upgrading its stores, enhancing its online marketplace, and expanding luxury offerings [3] - Key priorities include creating a seamless connection between digital and in-store shopping, adjusting store footprint based on demand, building unique private-label brands, and controlling costs [3] Financial Performance - Macy's has increased its dividend payouts for four consecutive years, currently paying a quarterly dividend of $0.1824 per share with a dividend yield of 4.32% as of September 22 [4]

Core Viewpoint - Macy's, Inc. will participate in the 2025 Global Consumer & Retail Conference, indicating its ongoing engagement with industry trends and investor relations [1] Company Participation - The participation in the conference highlights Macy's commitment to connecting with stakeholders and discussing future strategies [1]

Group 1 - Companies such as Walmart, Home Depot, Macy's, and Adidas have announced price hikes due to tariffs from the Trump administration [3][4] - Nearly 50% of firms surveyed indicated that tariff implementation or uncertainty around trade policy has affected their price or cost expectations for 2025 and 2026 [3][4] - Tariffs and trade policy remain the top concern for CFOs, impacting their outlook on the economy and organizational plans [4][6] Group 2 - CFOs have increased their expectations for real GDP growth to 1.8% from 1.4% in the previous survey, with a decrease in the probability of negative economic growth to 13.6% from 22.7% [5] - The average optimism rating about the U.S. economy among CFOs rose to 62.9, up from 60.9 in the second quarter [5] - Price growth is expected to be approximately 30% lower in 2025 and about 25% lower in 2026 without the impact of tariffs [6]

Core Insights - Agentic AI could represent an estimated $6 billion total cost savings opportunity for major U.S. retailers, potentially boosting profit estimates by up to 20% by 2026 [1][3] - Gap, Macy's, and Victoria's Secret are identified as the top three retailers best positioned to benefit from AI advancements [1] - Wall Street maintains a strong interest in AI-driven margin improvements in the retail sector, which has historically faced challenges with low profits and high inventory levels [2] Cost Savings and Margin Impact - The analysis estimates approximately $6 billion in annual cost savings from agentic AI tools, which include inventory planning, supply chain automation, and automated customer service [3] - If these savings are realized, it could add about 200 basis points to sector margins [3] Skepticism and Practical Applications - There is skepticism regarding the actual implementation and quantification of AI benefits in retail, as noted by Morningstar's senior equity analyst [3][4] - Practical applications of AI in retail include marketing, product recommendations, and inventory management, which could enhance customer targeting and promotion testing [5][6] - Improved demand prediction through AI could reduce markdowns and waste, significantly impacting margins if executed effectively [6] Adoption and Long-term Outlook - While AI adoption is expected to provide some benefits, it is unlikely to transform the retail industry overnight [7]

Core Insights - Seasonal hiring in the retail industry is expected to decline significantly, with projections indicating the addition of under 500,000 positions in Q4 2025, marking the smallest seasonal gain in 16 years and an 8% decrease from the previous year [2][4] Group 1: Hiring Trends - Retailers are facing multiple challenges including tariffs, inflation, and a shift towards automation, which is leading to fewer seasonal hires [3][4] - Major retailers like Target have not disclosed their seasonal hiring plans yet, contrasting with last year when they announced specific hiring numbers [5][6] - Companies such as Spirit Halloween and Bath & Body Works have released their hiring plans, with Spirit planning to hire 50,000 and Bath & Body Works planning to hire 32,000 workers [7][8] Group 2: Economic Indicators - The overall job market has shown signs of slowing, with nonfarm payrolls increasing by only 22,000 in August, significantly below expectations [9][10] - Consumers are under financial pressure due to persistent inflation and high interest rates, which may dampen demand during the holiday season [11] - Reports indicate that consumers plan to spend 5% less on holiday gifts and related expenses this year, marking the first significant drop since 2020 [12]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Macy's Stock Analysis - Macy's (M) has shown significant recent price momentum, with a four-week price change of 36.1%, indicating growing investor interest [4] - Over the past 12 weeks, Macy's stock has gained 58.4%, with a beta of 1.78, suggesting it moves 78% more than the market [5] - Macy's has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - Macy's has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.21, suggesting it is undervalued at 21 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides Macy's, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Insights - Macy's Inc. is focusing on its luxury divisions, Bloomingdale's and Bluemercury, as key growth drivers under its Bold New Chapter strategy [1] Financial Performance - In Q2 of fiscal 2025, Bloomingdale's achieved a 4.6% year-over-year increase in net sales and a 5.7% rise in comparable sales, marking record second-quarter sales [2][9] - Bluemercury reported a 1.2% increase in comparable sales, marking its 18th consecutive quarter of growth [2][9] - Nearly half of Macy's customer base earns over $100,000 annually, with Bloomingdale's targeting an even more affluent demographic [6] Strategic Initiatives - Bloomingdale's success is attributed to its unique positioning in the premium contemporary-to-luxury segment, with strong performance across various categories [3] - The new fall campaign "Just Imagine" emphasizes creativity and exclusivity through engaging in-store and digital experiences [4] - Macy's plans to expand Bloomingdale's luxury footprint by adding brands, expanding distribution channels, and opening additional small-format and outlet stores [4] Brand Development - Bluemercury is benefiting from strong demand for dermatological skin care and luxury beauty products, with recent brand introductions reinforcing its high-end beauty destination status [5] - Exclusive collections and new brands have strengthened Macy's luxury strategy and market share [9] Market Positioning - Macy's shares have gained 33.4% in the past month, outperforming the industry's 20.3% growth [8] - Macy's is trading at a forward 12-month price-to-sales ratio of 0.22X, below the industry average of 0.46X [10]

Core Viewpoint - Macy's has shown signs of recovery with its recent quarterly earnings, marking the first sales growth in years, which has positively impacted its stock price by over 25% in two days [2][4]. Company Performance - The company's "Bold New Chapter" turnaround strategy appears to be yielding results, as evidenced by the recent sales growth and the stock price revaluation [3]. - Comparable store sales have increased for the first time in years, contributing to a market capitalization of nearly $5 billion [4]. - Bloomingdale's has reported a 5.7% growth in comparable sales for the recent quarter, while Bluemercury has achieved its eighteenth consecutive quarter of gains [6]. Real Estate and Asset Management - Macy's real estate portfolio is considered valuable, with estimates suggesting it could be worth more than the company's current market capitalization [4]. - Investors have urged the company to leverage its real estate assets and consider spinning off its luxury brands, Bloomingdale's and Bluemercury [5]. - The company is contemplating a sale and leaseback of its real estate portfolio to potentially justify a higher stock price [7]. Historical Context - Macy's has a long history as the largest department store chain in the U.S., with annual sales of $23 billion, but has faced challenges in maintaining customer loyalty due to its acquisition strategy in the past [8][10]. - The company has struggled with customer engagement, but recent efforts indicate a renewed focus on customer-centric strategies [11].

Core Viewpoint - Myriad Uranium Corp. has increased its non-brokered private placement financing from gross proceeds of $125,000 to up to $550,000, issuing up to 2,200,000 units at $0.25 per unit, each comprising one common share and one-half of a common share purchase warrant [1][2]. Group 1: Financing Details - The financing will involve the issuance of units at a price of $0.25, with each unit consisting of one common share and one-half of a warrant, where each full warrant allows the purchase of one share at an exercise price of $0.35 for 24 months [1][2]. - The company plans to use the proceeds from the financing for general working capital [2]. Group 2: Participation and Related Party Transactions - Three board members, including the CEO, will participate in the financing, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - This participation is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, which has historical uranium production and significant exploration potential [5]. - The Copper Mountain project has seen extensive drilling, with approximately 2,000 boreholes drilled and an estimated historical expenditure of C$117 million by Union Pacific for exploration and development [5].