Macy’s Quarterly Profit Tops Estimates as Stock Buyback Boosted – Bloomberg

Newswires May 15, 2013 0 Comments

Macy’s Quarterly Profit Tops Estimates as Stock Buyback Boosted
Bloomberg
Macy’s Inc. (M), the second-largest U.S. department-store chain, reported fiscal first-quarter profit that beat analysts’ estimates and increased its share buyback program by $1.5 billion. The shares advanced. Net income in the period ended May 4 rose 20 …
Macy’s Earnings: Retailer Raises DividendWall Street Journal

Macy’s Q1 Profit Rises, Backs FY13 Outlook; Boosts Dividend By 25% – Quick …RTT News
Macy’s first-quarter profit rises, same-store sales up 3.8 percentReuters Canada

all 7 news articles »

Share on Facebook

You must log in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

When Hope Is Not a Good Thing

When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.

Sell Signals Again Have The Edge From Friday’s Swing Trade Screen

Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.

Stock Market on the Brink

From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.

Get Ready for the Coming Bond Market Bloodbath

Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.

Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.

Constructive Signs for Gold Digging

The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive