Jim Cramer - Mad Money Macys Inc. (formerly Federated Department Stores) M-N BUY Mar 29, 2023

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

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

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.

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

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

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

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