Is Macy's Stock a Buy After Q1 Earnings?
Macy's (NYSE: M) benefitted from the American Rescue Plan, that saw over $300 billion in stimulus checks sent to consumers in March and April, by reporting a better than expected first-quarter on May 18. Wall Street analysts were expecting improvement from the retailer compared to last year when its stores were shut, but few were expecting this level of performance.
Let's look at the most recent quarter and dig a little deeper to determine if Macy's stock is a buy right now.
Source Fool.com
