Jim Cramer - Mad MoneyMacys Inc. (formerly Federated Department Stores)MBUYNov 29, 2021

They're feeling seeing the benefit of closing weak stores.

It soared over 20% today after reporting stellar numbers, top and bottom, and raised their full-year forecast. The turnaround is happening.

They report Wednesday. He wants to hear why an employee apparently had millions in delivery expenses hidden. What really happened? We need answers.

The buyout won't happen. This trades at 6x earnings and run by a good CEO. Buy at $18.35.

Last Tuesday, they reported a tremendous beat and raised their forecast. Shares popped 5% in a day. They told a great turnaround story. Total revenue beat, their Blue Mercury cosmetic business rose 4.3% in Q1 comp sales and adjusted earnings beat huge as they managed costs

It reports Tuesday. It has hiked its dividend by 5%, but it won't make much of a difference.

Before their recent report, shares were down 47% for the year, but the beat their numbers across the board, including earnings, though those numbers were not great. They've discounted their inventory like crazy until it's now manageable. Are positioned well for holiday shopping. Also, he has faith in the new CEO.

They report Thursday. He wants to hear their holiday forecast and the state of the consumer.

It's cheap, but shares can keep falling. The market is bearish on retail now.

The CEO announced he will step down next February. The CEO guided Macy's through Covid by sticking to his turnaround plan and emerged stronger. An incredible job. When the CEO took the job in 2018, Macy's was spiralling, crushed by debt and dominated by e-commerce.