Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

15. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders In Q3 2024: 38

Macy’s, Inc. (NYSE:M) is a mega grocery store company with a presence in America and the Middle East. As is the case with any retailer, volumes and same-store sales are key to its hypothesis. Macy’s, Inc. (NYSE:M) has struggled throughout 2024 with sluggish volumes, which have also impacted the bottom line as the firm has resorted to promotions to drive sales. Its stock sank by 10% in December after it cut profit per share guidance to $2.25 to $2.50 from an earlier $2.34 to $2.69. Macy’s, Inc. (NYSE:M) is also facing pressure from activist investors to sell non-performing assets, and any progress on this front could drive the shares higher. Here’s what Cramer said:

“You know we have a Walmart economy but then if you go to Macy’s, and Macy’s a good company, but it’s now like it’s so small.”