Welcome to Yahoo Finance's flagship show, Morning Brief, presented by Robin Hood, the home to commission free trading. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures kicking off December trading in the red. Equities are sliding with risk assets after the S&P 500 barely managed to eek out a seventh straight month of gains. Crypto in particular is under pressure this morning.Bitcoin falling below $86,000 per token, bringing momentum back to the selloff that ha ...

Retail Sector - Black Friday retail sales reached a record $11.8 billion in online spending, an increase of 11.8% year-over-year, with expectations for Cyber Monday to surpass this figure at $14.2 billion [2][4] - Macy's is expected to report a quarterly loss of 14 cents per share, a significant decline of 450% compared to the previous year [4] - Analysts are optimistic about retail performance, noting a potential shift in consumer spending dynamics and the impact of credit card debt on future sales [16][19] Technology Sector - Salesforce is set to announce its Q3 results, with expectations of solid growth and steady demand, although profitability may see only minor changes [6] - The acquisition of Informatica is projected to boost Salesforce's revenue by approximately $1.7 billion over the next year, but increased spending on AI products may affect profit margins [7] - Crowdstrike's Q3 results are anticipated to benefit from heightened demand for cybersecurity products due to rising global threat incidents [5] Cryptocurrency Market - Bitcoin has experienced a significant decline, trading below $87,000, with a drop of over 5% recently, reflecting a broader risk-off sentiment among investors [9][10] - The slowdown in inflows into Bitcoin exchange-traded funds and a downgrade of the USDT stablecoin's stability rating have contributed to the negative sentiment in the crypto market [10][11] - The People's Bank of China's warning about the risks associated with virtual currencies has further exacerbated the selloff in cryptocurrencies [11] Economic Indicators - The Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE), is expected to remain steady at 0.3% for total PCE and 2% for core PCE on a month-over-month basis [8] - Auto sales data for November is anticipated to show a slight increase to 15.4 million, indicating stable consumer demand for new vehicles [8] Market Outlook - Predictions for the S&P 500 in 2026 range from 7,500 to 8,000 points, with expectations of robust earnings and growing valuations, although concerns about inflation and the job market persist [53][55] - The healthcare sector is seeing increased inflows as investors shift away from large-cap tech, with strong performance noted in drug and medical device companies [40][41]

Core Viewpoint - Macy's Inc. is approaching its Q3 earnings report on December 3, with the stock currently experiencing a bullish Cakra breakout within its Adhishthana cycle, indicating potential positive momentum ahead [1]. Group 1: Cakra Breakout and Phases - Under the Adhishthana Principles, Macy's has developed a Cakra structure between Phases 4 and 8, which is a long-term consolidation zone with bullish implications [2]. - Macy's entered Phase 4 in January 2022 and has since broken out decisively in Phase 9, resulting in a rally of approximately 38%, with a remarkable increase of over 116% in Phase 9 alone [3]. - Phase 9 for Macy's will continue until January 20, 2026, after which it will transition into Phase 10, where the likelihood of peak formation increases [5][6]. Group 2: Market Outlook and Investor Sentiment - With strong momentum in Phase 9 and the upcoming Q3 earnings, volatility is anticipated, but it is not expected to negatively impact the bullish structure [7]. - Investors holding Macy's stock have strong reasons to maintain their positions, as the breakout from the Cakra pattern supports a sustained bullish outlook, with any near-term dips likely being structural pauses rather than trend reversals [8]. - Macy's remains firmly within the ascent leg of the Himalayan Formation, with Phase 9 still having time to unfold before entering Phase 10, which may signal the first signs of an eventual peak [10].

Core Viewpoint - Macy's, Inc. is expected to report a significant loss in its upcoming quarterly earnings, reflecting ongoing challenges in the competitive retail market [2][5]. Financial Performance - Analysts predict a loss of $0.14 per share for the quarter ending October 2025, representing a 450% decline compared to the same period last year [2][5]. - Revenue for the quarter is anticipated to be approximately $4.53 billion, which indicates a 3.3% decrease from the previous year [3][5]. Market Valuation - The company's price-to-sales ratio is 0.26, suggesting a relatively low market valuation in relation to its sales [3]. - Macy's enterprise value to sales ratio stands at approximately 0.47, reflecting the company's total valuation in relation to its revenue [4]. - The enterprise value to operating cash flow ratio is 7.63, indicating a moderate valuation based on cash flow generation [4]. Financial Stability - Macy's debt-to-equity ratio is 1.23, indicating a higher level of debt compared to equity [4]. - The current ratio of 1.38 suggests that Macy's maintains a good level of liquidity to cover its short-term liabilities [4].

Key Points New York City-based Cooper Creek Partners Management sold nearly 6.7 million shares of Macy's in the third quarter. In light of the sales, the value of the overall position fell by about $73 million quarter to quarter. Cooper Creek still holds 740,517 shares of Macy's valued at $13.3 million as of quarter-end. These 10 stocks could mint the next wave of millionaires › On November 14, Cooper Creek Partners Management LLC disclosed a major sale of Macy's shares in the third quarter, acco ...

This fund just slashed its Macy’s stake despite the retailer beating earnings and accelerating its turnaround—here’s what long-term investors should take away.On November 14, Cooper Creek Partners Management LLC disclosed a major sale of Macy's shares in the third quarter, according to a new SEC filing.What HappenedAccording to a Securities and Exchange Commission (SEC) filing published November 14, Cooper Creek Partners Management LLC sold nearly 6.7 million shares of Macy's (M 0.31%) in the third quarter, ...

Market Overview - The market's uptick this week was expected due to seasonal optimism around Thanksgiving, leading to lighter trading volume and reduced volatility [1] - Increased consumer spending data in October suggests a record holiday shopping season ahead, particularly benefiting retail stocks [1] Retail Stocks Highlights - **Macy's (M)**: Stock price at $22 with a Zacks Rank of 2 (BUY). The stock is at a 52-week high, driven by strong earnings beats, raised guidance, and strategic shifts towards online presence [3][4] - Macy's "Reimagine 125" initiative has modernized stores, resulting in the strongest comparable sales growth in three years. The stock is attractive for income-focused portfolios with a 3.25% annual dividend yield [5] - **Amazon (AMZN)**: Stock price at $232 with a Zacks Rank of 2 (BUY). Expected to set a quarterly revenue record of $211.23 billion in Q4, Amazon's growth and diversification are significant, with a forward P/E multiple approaching the S&P 500 benchmark [6][7] - **Crocs (CROX)**: Stock price around $85 with a Zacks Rank of 1 (Strong Buy). FY25 EPS estimates revised up to $12.13, indicating a positive trend. The stock's 7X forward earnings multiple suggests it is undervalued [8][9] - **Lululemon (LULU)**: Currently trades at a more reasonable valuation after a 50% drop from its one-year peak, with a Zacks Rank of 3 (Hold). Expected to post annual EPS of $12 or more in FY26 and FY27, supported by a loyal customer base [10] Retail Sector Outlook - Retail sales are projected to exceed $1 trillion for the first time during this holiday shopping season, positioning the retail sector as a hot spot for investors [12]

Core Insights - Macy's Inc. is facing significant challenges in the retail environment, with analysts projecting a quarterly loss of $0.14 per share and a revenue decline of 3.3% year-over-year [2][4][6] - Despite these challenges, Macy's stock has shown resilience, closing at $22.43, a 2.65% increase from the previous day, outperforming major market indexes [3][6] Financial Performance - The upcoming earnings report is expected to reveal a loss of $0.14 per share, a 450% decline compared to the previous year [2][4] - Revenue for the quarter is projected to be $4.59 billion, reflecting a 3.3% decrease from the same quarter last year [2][4][6] Stock Performance - Macy's stock is currently priced at $22.39, with a slight decrease of 0.20% on the day, having traded between $21.70 and $22.65 [5] - Over the past year, the stock has reached a high of $22.93 and a low of $9.76, with a market capitalization of approximately $6.01 billion [5]

Retail - Kohl's has appointed Michael Bender as chief executive officer after serving as interim CEO since May [1] - Bender has a background as president and CEO of Eyemart Express and held various executive roles at Walmart, including chief operating officer of global e-commerce [2] - Bender will continue to serve on the Kohl's Board, where he has been a director since 2019 [3] Brands - Lanvin Group announced the resignation of David Chan, executive president and chief financial officer, to pursue new professional opportunities [4] Textiles - BioFluff has appointed Luke Henning as interim chief executive officer, who has been chairman of the board for the past two years [5] - Henning aims to scale BioFluff's commercial operations and accelerate market entry for fur alternatives [5] - BioFluff has also welcomed three new strategic advisors to support its growth [5] Logistics - Cart.com has named Arjun Sainath as chief technology officer to lead product and engineering strategy [6] - Sainath will focus on advancing the use of AI and machine learning in Cart.com's technology for commerce and fulfillment [6] - He brings over two decades of experience in product and platform initiatives across supply chain and CRM industries [6]

Core Insights - The retail landscape during Black Friday has shifted, with a notable change in consumer behavior and store traffic patterns compared to previous years [1][4] - Macy's has introduced 40% new products, including popular items like La Boo-Boo dolls and various new cosmetics brands, indicating a focus on novelty and brand engagement [2][3] - Retail analysts express cautious optimism for the holiday season, highlighting a bifurcated consumer market where high-end consumers are spending while lower-income consumers face pressure [5][6] Retail Trends - The level of promotions this year is similar to last year, suggesting a consistent approach to sales strategies among retailers [4] - Retailers are focusing on maintaining competitive pricing for entry-level items while consumers are increasingly seeking value and promotions [6] - Outerwear and apparel are expected to drive sales, with specific products like aura rings and mass metal glasses gaining popularity [8] Market Dynamics - The luxury retail sector is experiencing significant changes, with brands like Prada expanding their physical presence and potential mergers being discussed in the industry [9][11] - The trend towards smaller store footprints is evident, with a shift towards online engagement and in-store pickup options [13] - The future of shopping malls is anticipated to be more curated, featuring special brands and enhanced food and activity offerings to attract consumers [15] Company Strategies - Companies like Steve Madden are expected to benefit from acquisitions that will enhance sales and margins in the coming years [16]