M Macy's, Inc. The department store operator, which no longer reports monthly sales, said sales in August and September dropped 5.8%. At this rate, sales at stores open at least a year in the fall season could drop by 3% to 6% instead of the company's previous projection of flat to down 1%. 10.45 -1.01 / -8.81%
M just had a bad report yesterday; well who didn't! Department, electronic and construction sectors are not doing well as we all hear in the news and online. I am holding M for their 4Q report that will come out after the holidays. I belive M is a great stock to invest in and it will go back to $11+ in the next few weeks thanks to Santa Clause