Macy’s, Inc. (M) continued its upward trend with the stock climbing 0.31% or $0.1 to close the day at $32.68 on light trading volume of 7.54M shares, compared to its three month average trading volume of 8.11M. The Cincinnati Ohio 45202 based company has been underperforming the department stores group over the past 52 weeks, with the stock losing -15.98%, compared to the industry which has advanced 2.77% over the same period. With RSI of 53.32, the stock should still continue to rise and get closer to its one year target estimate of $35.6, making it a hold for now.
Macys, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates stores that offer a range of women’s, men’s, and children’s apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry. As of January 4, 2017, it operated approximately 880 stores in the United States, the District of Columbia, Guam, and Puerto Rico under the Macys, Bloomingdales, Bloomingdales Outlet, Macys Backstage, and Bluemercury brands, as well as Websites, including macys.com, bloomingdales.com, and bluemercury.com. In addition, it operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macys, Inc. in June 2007. Macys, Inc. was founded in 1830 and is based in Cincinnati, Ohio.
Wal-Mart Stores, Inc. (WMT) grew with the stock adding 1.31% or $0.89 to close at $68.66 on light trading volume of 8.46M compared its three months average trading volume of 8.76M. The Bentonville Arkansas 72716 based company operating under the Discount, Variety Stores industry has been trending up for the last 52 weeks, with the shares price now 7.21% up for the period and down by -0.67% so far this year. With price target of $74.04 and a 13.32% rebound from 52-week low, Wal-Mart Stores, Inc. has plenty of upside potential, making it a hold with a view buy.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Walmart U.S., Walmart International, and Sams Club. The company operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com. It offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products, which include pharmacy, optical services, clinical services, over-the-counter drugs, and other medical products. The company also provides electronics, toys, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid service, movies, music, video games, and books; stationery, automotive, hardware and paint, and sporting goods, as well as fabrics, crafts, and seasonal merchandise; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, outdoor living, and horticulture products. The company also provides fuel and financial services and related products, including money orders, prepaid cards, wire transfers, money transfers, check cashing, and bill payment. In addition, it offers brand name merchandise, including hardgoods, softgoods, and selected private-label items, such as Members Mark. As of June 20, 2016, it operated 11,527 stores under 63 banners in 28 countries and e-commerce Websites in 11 countries. Wal-Mart Stores, Inc. was founded in 1945 and is headquartered in Bentonville, Arkansas.
The Bank of New York Mellon Corporation (BK) continued its upward trend with the stock climbing 1.52% or $0.7 to close the day at $46.82 on lower than average trading volume of 4.71M shares, compared to its three month average trading volume of 6.02M. The New York New York 10286 based company has been outperforming the asset management companies by 0.5175% for last three months and its recent gains have offset losses to -0.76% YTD, versus the asset management industry which is up 5.25% for the same period. The RSI of 60.01 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. The company offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services. It also provides mutual funds, separate accounts, wealth management and private banking services; and broker-dealer services, registered investment advisory services, prime brokerage services, and working capital solutions. In addition, the company is involved in credit-related activities, business exits, leasing operations, and corporate treasury activities; and the provision of global markets and institutional banking services. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.