Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones increasing by over 250 points, closing at 47,765.87, a rise of 0.61% [1] - The NASDAQ rose by 0.07% to 23,430.56, while the S&P 500 gained 0.22% to reach 6,844.57 [1] - Energy shares saw a notable increase of 1.2%, while information technology stocks fell by 0.6% [1] Company Performance - Macy's Inc reported third-quarter sales of $4.713 billion, a decrease of 0.6% year-over-year, but exceeded analysts' expectations of $4.621 billion. The adjusted earnings per share for the quarter were 9 cents [2] Commodity Market - Oil prices rose by 1% to $59.21, while gold increased by 0.6% to $4,246.90. Silver and copper also saw gains of 0.4% to $58.935 and 3% to $5.4000, respectively [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.16% and Spain's IBEX 35 Index increasing by 1.55%. However, London's FTSE 100 fell slightly by 0.02% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei gaining 1.14%, while Hong Kong's Hang Seng, China's Shanghai Composite, and India's BSE Sensex experienced declines of 1.28%, 0.51%, and 0.04%, respectively [7] Notable Stock Movements - Capricor Therapeutics, Inc. shares surged by 291% to $24.87 following positive results from its Phase 3 HOPE-3 Trial [8] - Virax Biolabs Group Limited shares increased by 71% to $0.6709 due to clinical progress announcements [8] - Aeva Technologies, Inc. saw a 16% rise to $12.58 after being selected as a LiDAR supplier for a major European OEM [8] - CIMG Inc. shares dropped by 35% to $0.1200 after announcing a reverse stock split [8] - ADC Therapeutics SA shares fell by 29% to $3.2499 following updated trial data [8] - Pure Storage, Inc. shares decreased by 26% to $69.99 after reporting third-quarter results [8] Economic Indicators - The S&P Global services PMI declined to 54.1 in November from 54.8 in the previous month [11] - U.S. industrial production increased by 0.1% month-over-month in September, contrasting with a revised 0.3% decline in August [11] - Private businesses in the U.S. reduced jobs by 32,000 in November, compared to a revised gain of 47,000 in the previous month [11] - U.S. crude oil inventories rose by 0.574 million barrels in the week ending Nov. 28, compared to a 2.774 million barrel gain in the previous week [11]

Core Insights - Macy's reported a market-beating Q3 performance, indicating the effectiveness of its turnaround plan focused on enhancing operations, digital channels, and merchandise [1] Group 1: Financial Performance - The company achieved a significant improvement in its financial metrics, surpassing market expectations for the quarter [1] Group 2: Strategic Initiatives - The management's turnaround strategy is resonating well with customers, highlighting the success of their operational improvements and digital enhancements [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Macy's Inc (NYSE:M) stock is up 0.4% to trade at $22.28, brushing off a morning in the red and pivoting higher midday. The retailer posted adjusted third third-quarter earnings of nine cents per share on $4.71 million in revenue, both of which surprised to the upside. Raising concerns initially was a muted holiday Q4 outlook that came in below analyst estimates, but the stock has since moved higher. Macy's stock is 33% higher year-to-date and hit a multi-year high of $23.14 just yesterday. Recent consolida ...

Core Insights - Macy's, Inc. reported third-quarter fiscal 2025 results with both top and bottom lines exceeding Zacks Consensus Estimates, despite a decrease in net sales and an increase in earnings compared to the previous year [1][3] - The company has raised its fiscal 2025 outlook, reflecting confidence in its strong balance sheet and diversified brand portfolio [2][12] Financial Performance - Adjusted earnings were reported at 9 cents per share, surpassing the Zacks Consensus Estimate of a loss of 13 cents, and increased from 4 cents in the year-ago quarter [3] - Net sales reached $4,713 million, exceeding the consensus estimate of $4,595 million, although this represented a 0.6% decline from the previous year [4] - Comparable sales increased by 2.5% on an owned basis and 3.2% on an owned-plus-licensed-plus-marketplace basis [4][5] Brand Performance - Comparable sales for the Macy's brand rose 1.4% on an owned basis and 2% on an owned-plus-licensed-plus-marketplace basis [6] - Bloomingdale's brand saw a significant increase in comps of 8.8% on an owned basis and 9% on an owned-plus-licensed-plus-marketplace basis, marking its fifth consecutive quarter of growth [6] - Bluemercury brand reported a 1.1% increase in comps on an owned basis, achieving its 19th consecutive quarter of growth [6] Margins and Expenses - Gross margin for the fiscal third quarter was 39.4%, beating the estimate of 39%, but down 20 basis points from the previous year due to tariff impacts [7] - Selling, general and administrative (SG&A) expenses were $2.02 billion, down 1.9% year over year, reflecting cost discipline and savings from closed stores [8][9] - Adjusted EBITDA was reported at $285 million, down 4.4% from $273 million in the year-ago quarter, with an adjusted EBITDA margin of 5.8%, up 20 basis points year over year [9] Financial Snapshot - The company ended the fiscal third quarter with cash and cash equivalents of $447 million, long-term debt of $2.43 billion, and shareholders' equity of $4.33 billion [10] - Merchandise inventories increased by 0.7% year over year, and net cash provided by operating activities was $247 million for the first nine months of fiscal 2025 [10] Share Repurchase and Asset Sales - In the third quarter, Macy's repurchased 2.8 million shares for $50 million, with $1.2 billion remaining under its $2 billion share repurchase authorization [11] - Asset sale gains were reported at $12 million, down from $66 million in the prior period, as the company continues to focus on closing underperforming stores [11] Fiscal 2025 Guidance - The company updated its annual outlook, raising net sales expectations to $21.48-$21.63 billion from $21.15-$21.45 billion [12][13] - Comparable owned-plus-licensed-plus-marketplace sales are now expected to be flat to up 0.5%, an improvement from the previous expectation of a decline [13] - Adjusted earnings per share are anticipated to be between $2.00 and $2.20, up from the prior range of $1.70-$2.05 [14]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Macy's (M) posted better-than-expected third quarter results on Wednesday while offering a cautious outlook for the holiday quarter. The retailer said net sales for the fourth quarter are expected to fall 3%-5% from a year ago to a range of $7.35 billion-$7.5 billion. In the third quarter, Macy's posted revenue of $4.7 billion, in line with last year and slightly more than Wall Street's estimates of $4.6 billion, per Bloomberg consensus data. That's alongside adjusted earnings per share of $0.04, better ...

Core Insights - Macy's has raised its full-year sales guidance and reported its highest comparable sales growth in 13 quarters, indicating positive results from its turnaround plan [1][7] Group 1: Financial Performance - The company increased its sales guidance for the full year to a range of $21.48 billion to $21.63 billion, up from a previous range of $21.15 billion to $21.45 billion [7] - Adjusted per-share earnings are expected to be between $2.00 and $2.20, an increase from the prior estimate of $1.70 to $2.05 [7] - Macy's reported a 31% increase in stock price this year, despite a recent decline of 0.79% to $22.53 [4] Group 2: Strategic Initiatives - The company has implemented a plan to close underperforming locations, enhance the shopping experience, simplify operations, and capture a larger share of the luxury market [2] - Macy's has introduced newer and more fashionable products from brands like Rodd & Gun, Reiss, and Prada Beauty, aiming to leverage new trends [4] - Investments in employee education have led to a record high in the third-quarter net promoter score, reflecting improved customer feedback [4] Group 3: Consumer Behavior - The company anticipates a "more choiceful" consumer during the fourth quarter, which includes the holiday season [3] - Despite expectations of choosiness among consumers, Macy's has observed continued spending from its predominantly middle to upper-income customer base [5] Group 4: Cost Management - To mitigate extra costs from tariffs, Macy's has been raising prices, collaborating with suppliers to share costs, and relocating production to countries with lower duties [6] - The impact of tariffs in the third quarter was less than expected, reducing the gross margin rate by 50 basis points [6]

We are joined by bloomberg host Romaine Bostick who spoke with the retailer's ceo tony spring. Earlier this morning for me. Thanks for joining us, danny.What did you do. Any shopping. I did, but not at Macy's.I got to be honest. Yeah, well, I mean, the interesting thing I mean, I did ask him a lot about what foot traffic was. Was there an actual increase.He did say he was happy with foot traffic, but he also seemed to imply here that a lot of the revenue gains that they've seen in this most recent quarter w ...

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 often preferred over the price-to-earnings (P/E) ratio due to the difficulty of manipulating sales figures compared to earnings [7] 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 such as Hamilton Insurance Group, Macy's Inc., Cognizant Technology Solutions, PCB Bancorp, and PRA Group have low P/S ratios and potential for higher returns [4][10] Company Profiles - **Hamilton Insurance Group**: Operates in specialty insurance and reinsurance, benefiting from strong execution and a clear growth roadmap, with gross premiums written rising significantly [12][13] - **Macy's Inc.**: Undergoing a transformation with its Bold New Chapter program, focusing on digital initiatives and omnichannel retailing, currently holds a Value Score of A and Zacks Rank 2 [14][15] - **Cognizant Technology Solutions**: A leading professional services company with strong growth in Health Sciences and Financial Services, bolstered by acquisitions and AI initiatives [16][17] - **PCB Bancorp**: Offers a range of banking products and services, strategically positioned for sustained growth, currently holds a Value Score of A and Zacks Rank 2 [18][19] - **PRA Group**: Focuses on the purchase and management of non-performing loans, benefiting from strategic acquisitions and a positive purchasing environment, currently holds a Value Score of A and Zacks Rank 2 [20][21]