Jim Cramer Discussed These 12 Stocks Recently

7. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders: 38

Cramer commented on Macy’s, Inc. (NYSE:M) and said:

“Department stores, of any kind, doesn’t matter… Macy’s? No, thank you. Although I sure wish it wouldn’t sell.”

Macy’s (NYSE:M) is a well-known omnichannel retailer that provides a diverse range of products, such as apparel, accessories, cosmetics, and home furnishings, through its brands like Macy’s, Bloomingdale’s, and bluemercury. Cramer mentioned the company before its earnings report release in December 2024 and said:

“We also have some corporate news that could help explain something that’s been a real mystery, maybe to me, maybe to you. I’m talking about what happened, what went wrong at Macy’s where an employee apparently had millions in delivery expenses hidden. Now shareholders are entitled to know what really happened here. I don’t think the company’s fully explained them at all, and we wanna know exactly before we pay any attention to the forecast. We got to understand what went wrong. We need answers about how someone got away with this and more important, does the company now have the systems to try to catch anything like this malfeasance? I don’t know.”

Since its earnings release, Macy’s (NYSE:M) stock has gone down around 5%.