×

Take Your Position: Macy’s

With shares of Macy’s about 9% higher over the past 3 months, what should you be looking for as Macy's reports earnings on Wednesday?

What to Watch

Macy's is considered a barometer of spending among middle-and upper-income shoppers. How Macy's shoppers are spending offers clues into the broader retail sector as well as the economic recovery.

When the numbers hit before the bell, investors will be looking to see if Macy's saw any signs of strong resistance to higher prices.

Clothing stores are starting to pass along higher prices on certain goods as they face higher labor costs in China and costs rise for commodities such as cotton.

Wall Street also will want to know whether rising gas prices are making shoppers go to the mall less.

The Numbers

Analysts surveyed by FactSet, on average, expect earnings of 18 cents per share on revenue of $5.81 billion.

According to Citi analyst Deborah Weinswig, Macy’s is “really firing on all cylinders and I think we’ll see that in their numbers.”

*Hear what Weinswing has to say about Nordstrom. Watch the video now!




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On May 10, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Weiss owns (VZ); Weiss owns (QCOM); Weiss owns (DE); Weiss owns (INTC); Weiss owns (MSFT); Weiss owns (COP); Weiss owns (DVN); Weiss owns (HK); Weiss owns (SWC); Weiss owns (NIHD); Weiss owns (UUP); Weiss owns (TBT); Weiss is short (X); Weiss is short (AKS); Cortes owns (K); Cortes owns (KFT); Cortes owns (SO); Cortes owns (EXC); Cortes owns (TGT); Cortes is short Nasdaq Futures; Cortes is short EUR vs. USD and CHF; Cortes is short EEM vs. S&P long; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU)

For Brian Kelly
Accounts Managed By Brian Kelly Capital are long Aussie Dollar
Accounts Managed By Brian Kelly Capital are long Mexican peso
Accounts Managed By Brian Kelly Capital own (EBAY)
Accounts Managed By Brian Kelly Capital are long natural gas
Accounts Managed By Brian Kelly Capital own (SLV)
Accounts Managed By Brian Kelly Capital own (BHP)
Accounts Managed By Brian Kelly Capital own (MCP)
Accounts Managed By Brian Kelly Capital own (LYC)
Accounts Managed By Brian Kelly Capital are short U.S. Dollar
Accounts Managed By Brian Kelly Capital are short Swiss franc

CNBC.com with wires.