Jim Cramer Commented On These 6 Stocks Recently

3. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders: 42

Macy’s, Inc. (NYSE:M) was mentioned during the episode, and here’s what Cramer said:

“Nobody wants to come out and say, hey, it’s too crazy out there, the president’s seen the problem. Trump has said there will be pain. So now you think, why should you stick your neck out if you run, say a major retailer like Macy’s and predict you could have a great spring?… Negativity’s pervasive throughout this entire economy and it comes from the top. Again, this is unnecessary. Trump can accomplish his agenda without doing this much damage.”

Macy’s (NYSE:M) is a multichannel retailer that provides a wide range of products, such as clothing, accessories, cosmetics, home goods, and more, under its Macy’s, Bloomingdale’s, and bluemercury brands. On March 6, the company reported its financial results for the fiscal year 2024. The company reported a 3.5% decline in net sales, totaling $22.3 billion.

In terms of comparable sales, there was a 2.0% decrease on an owned basis. Macy’s (NYSE:M) gross margin rate remained unchanged at 38.4%. Merchandise inventories increased by 2.5% year-over-year, with roughly half of this rise attributed to the conversion to cost accounting. The remaining portion of the increase is due to the timing of spring receipts.