Macy’s (M) Drops on Holiday Pressure

We recently published 10 Stocks Struggling to Shine Ahead of Christmas. Macy’s Inc. (NYSE:M) is one of the worst performers on Monday. Macy’s snapped a three-day winning streak on Monday, shedding 3.69 percent to close at $22.95 apiece as investors began repositioning portfolios following an earlier weak outlook for the holiday period. According to Macy’s Inc. (NYSE:M), it anticipates selective spending among its consumers during the holiday period as cost pressures persist during the quarter due to hig ...