Karen Finerman Missed On Macy's (M)

CNBC Fast Money's Karen Finerman recommended a long position in Macy's, Inc. M on November 24th. Since her recommendation, Macy's (M) dropped approximately 10%. She thought that the stock is not expensive at 12.5 P/E. She also said that Macy's (M) is managing its inventories better than it did in the last two years, and added that management is doing great stuff with Macy's (M) balance sheet. She is still long Macy's (M). Karen Finerman said today that her entry price was obviously too high, but she likes Macy's (M) valuation, and she thinks that it will move higher. Jon Najarian commented that he also likes this stock. He bought call options in Macy's (M) on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasConsumer DiscretionaryDepartment StoresJon NajarianKaren Finerman
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!