Is Macy's Stock a Buy?
The good news is, Macy's (NYSE: M) is expected to post better results in 2021 than it did during COVID-crimped 2020; analysts even believe it will swing back to a profit. The bad news is, that's the only good news of any real consequence to come out of the iconic department store chain lately.
The company is only recovering back into a lousy environment for brick-and-mortar retailing -- an environment that's been chipping away at Macy's top and bottom lines since 2014. Once this year's rebound is in the rearview mirror, that headwind is expected to pick up again.
So no, Macy's stock isn't a buy, and it's certainly not a buy when so many better investment opportunities are out there. Let's look at some more of the reasons why.
Source Fool.com
