We’re Going Shopping! Long $M

Death to Sears; Death to JC Penney — long live Macy’s.

Every Macy’s I’ve ever been to, with exception to the giant one in NYC, was a heaping pile of shit. I much prefer Nordstrom’s or Saks — but I digress. Normal people, especially the poor, love Macy’s. They bring their small children there, with their happy little lives, and buy garments with fanciful names on them — logos and socks. They always buy lots of “designer” socks.

All that being said, M is breaking out now, as markets Mcplunge lower. You’d be wise to take a good look at M — especially since the summer months are a good occasion to be long retail.

Fun fact: Macy’s has booked its first back to back YOY quarterly revenue growth numbers since 2013.

Retail is back, apparently.