Macy's shares climbed 1.89% to $21.59, benefiting from a broad U.S. equity market recovery following geopolitical de-escalation and strong semiconductor earnings.
- The company continues to benefit from its “Bold New Chapter” transformation strategy.
- The stock is positioned favorably due to upward EPS revisions and an attractive 9.89X forward P/E valuation compared to peers.
- The broader market advance provided tailwinds, with the S&P 500 rising 0.61% and the Nasdaq gaining 0.83%.