Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, January 6, 2012

Article Excerpt

PLEASE NOTE: Next week, The Successful Investor, our newsletter that focuses on high-quality Canadian stocks, will reveal its #1 pick for 2012. Don’t miss this unique opportunity to profit. MACY’S INC., $34.56, New York symbol M, rose 7% this week after it reported better-than-expected sales for December 2011. Same-store sales during the month were 6.2% higher than in December 2010. That beat the consensus estimate of a 5% rise. The company now expects same-store sales for its full 2012 fiscal year, which ends January 31, 2012, to be 5.3% higher than fiscal 2011. That’s up from its earlier prediction of a gain of 4.8% to 5.0%. The company continues to benefit from its plan to tailor its merchandise to local tastes. It’s also seeing strong sales growth at its websites: in December 2011, online sales jumped 35.8%. Macy’s is also closing some underperforming stores and opening new ones in more promising markets. When it completes these openings and closings in the next few months,…