13.05.2015 - The Macy's sales fell 0.7%

Macy's reported a weaker-than-expected sales in the first quarter of this year, which fell by 0.7%. One reason for this result was the irregular operation of ports on the west coast. The company also noted a reduction in purchases by foreign tourists in Chicago and New York. At the same time, the company increased the dividend by 15% and increased the share buyback program to $ 1.5 billion. The profit for the 1st quarter of this year fell to 193 million dollars against 224 million in the same periodof the last year. We forecast the company's shares growth by 10-12% by the end of the year.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.