Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
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The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
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Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
The retailer issued cautious guidance for 2015, but once investors had a chance to digest its plan for the year the stock erased its previous losses. In a reversal from its usual cost-cutting ways, the company is now planning on spending more than $1 billion to expand internationally with a focus on off-price stores to target low-end customers.
"Macy's looks poised for a play back up to the previous 52-week highs, it's also the all-time high, just above $68," Nathan says. He added, "Right here at about $63.50 looks like a good long entry." If the stock heads lower, Nathan said that he would stop out at $60, which has been recent support and the stock's 200-day moving average.
Macy's is down about 4 percent so far this year.
Disclosure: Dan is long March 65/67.50 call spread.