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Mar.31
5:33 PM ET
Tuesday, 31 Mar 2009
Trader Radar - Tuesday March 31st
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. In 1929, a New York Times headline read “Abraham & Straus and Filene’s To Unite,” and this company was born. Today, the company operates the second-largest department store chain in the U.S., as well as up-scale Bloomingdale’s. However, shares got a bit of a discount today, as retailers fell on fears of further economic woes. Who is it?
A: On the trader radar tonight we’re watching Macy’s [
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]! The department store was among the most active names on the NYSE today. (In case you're confused, Federated Deprtment Stores changed their name to Macy's in 2007.)
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