Today’s Research Reports on Trending Tickers: Macy’s and Kohl’s

NEW YORK, NY / ACCESSWIRE / June 5, 2018 / Wall Street closed up Monday on the back of strong performances by the consumer discretionary and technology sectors. Investors appear to be focusing on positive economic data, instead of recent geopolitical concerns. The Dow Jones Industrial Average increased 0.72 percent to close at 24,813.69, while the S&P 500 Index climbed 0.45 percent to close at 2,746.87. The Nasdaq Composite Index was up 0.69 percent to close at 7,606.46.

“Latest economic reports indicate that consumers finally have confidence and extra income to spend on big-ticket items. Really low levels of unemployment and underemployment bode well for the retail sector and the market in general,” said Diane Jaffee, senior portfolio manager at TCW Group.

“It is always a plus to have a tech behemoth like Apple touching all-time highs, since Apple makes up such a huge part of all three major indices,” said Ken Berman, strategist at Gorilla Trades.

RDI Initiates Coverage on:

Macy’s, Inc.
https://rdinvesting.com/news/?ticker=M

Kohl’s Corporation
https://rdinvesting.com/news/?ticker=KSS

Macy’s stock jumped 4.33% Monday, to close the day at $37.10. The stock recorded a trading volume of 9,598,431 shares, which was below its three months average volume of 9,809,193 shares. In the last year, Macy’s shares have traded in a range of 17.41 – 37.17. The share price has gained 113.1% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $31.85 is above its 200-day moving average of $27.85. Shares of the company are trading at a Price to Earnings ratio of 7.36. Shares of Macy’s have gained roughly 18.76 percent in the past month and are up 47.28 percent year-to-date.

Access RDI’s Macy’s, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=M

On Monday, shares of Kohl’s recorded a trading volume of 4,852,207 shares, which was above the three months average volume of 4,081,851 shares. The stock ended the day 4.67% higher at $71.56. The share price has fallen 0.36% from its 52-week high with a 52-week trading range of 35.16 – 71.82. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $62.80 is above its 200-day moving average of $60.36. Shares of the company are trading at a Price to Earnings ratio of 13.98. Shares of Kohl’s have gained roughly 13.41 percent in the past month and are up 31.96 percent year-to-date.

Access RDI’s Kohl’s Corporation Research Report at:
https://rdinvesting.com/news/?ticker=KSS

Our Actionable Research on Macy’s, Inc. (NYSE:M) and Kohl’s Corporation (NYSE:KSS) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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