Best Buy Stock Slips as Macy's Shares Steady Before Earnings

Retail Sector Overview - The retail sector is experiencing significant activity as Black Friday and the holiday season approach, with Best Buy's stock down 1.3% to $79.94 despite reporting better-than-expected revenue of $9.6 billion [1] Best Buy (NYSE:BBY) - Best Buy has faced overhead resistance at the $84 level since March, while the $72 region has seen multiple pullbacks in recent months [2] - The stock is on track to record its first monthly loss since July and has a year-to-date deficit of 6.9%, despite a 20.6% gain over the past six months [2] - Options traders are leaning bullish, indicated by a 50-day call/put volume ratio of 2.17, which is higher than 90% of readings from the past year [3] Macy's Inc (NYSE:M) - Macy's stock is up 0.6% to $22.56, with third-quarter results expected to be reported on December 3, predicting a loss of $0.14 per share on revenue of $4.59 billion, reflecting a significant year-over-year decline [4] - The stock has increased over 40% in the last 12 months and is approaching its fifth consecutive monthly gain, having reached a two-year high of $22.93 [5] - Macy's has a mixed post-earnings history but saw a 20.7% increase after its last report in September, with an average next-day move of 6.2% over the last two years, and traders are pricing in a 12.5% move for the upcoming earnings report [6]