With Macy’s reporting quarterly results next week, Jim Cramer explains why he is a believer in the stock. Despite Tumi’s weak results and Ralph Lauren’s disappointing forecast, two companies that are integral to Macy’s, he says he is encouraged by good numbers out of Costco and Gap. Being a fan of Macy’s CEO Terry Lundgren, Jim believes that Macy’s future is in good hands and advises that, if Macy’s gets hit intraday ahead of the results, that investors take advantage of the opportunity.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
