While still far below the all-time highs, Macy's, Inc. (NYSE: M) has rallied significantly from the 2020 lows. Yet, despite the improving fundamentals and reinstated dividend, the stock remains trading in a single-digit price-to-earnings (P/E) ratio.
Yahoo Finance's Jared Blikre examines the market action around the Dow and the S&P, in addition to looking at the retail sector and the EV space.
Macy's has decided not to spin off its e-commerce operations. That was a good decision, says Forrester retail analyst Sucharita Kodali.