Mall Anchor Stocks Near Short-Term Buy Signals


Beaten-down brick-and-mortar retailer Macy’s, Inc. (M) just announced that it will partner with DoorDash to offer free curbside pick-up and same day delivery.

The four surviving mall anchors continue to struggle as we grind through the fourth quarter, but green shoots are appearing, with an improving U.S. economy and stubbornly loyal customer base that’s paying to keep the lights on. That could be why Telsey Advisory Group raised its price target on Macy’s shares in September, noting that second quarter results were a “pleasant surprise” that highlighted the company’s “ability to control the controllables.”

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