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 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. While trading below its pre-pandemic peak and off from the 52-week high hit during January's market surge, Macy's shares are still valued at more than twice their price from early November 2020.
