Chasing The Bull’s Tail: Macy’s, Inc. (M), Conagra Brands, Inc. (CAG)

Macy’s, Inc. (NYSE:M)’s EPS was $0.27 as reported for the October quarter. In comparison, the same quarter a year ago had an EPS of $0.23. That means that its growth in general now stands at 17%. Therefore, a prediction of $0.14 given by the analysts brought a positive surprise of 93%. M Oct 18 quarter revenue was $5.4 billion, compared to $5.28 billion recorded in same quarter last year, giving it a 2% growth rate. The company’s $0.12 billion revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Macy’s, Inc. (M) currently trades at $32.37, which is lower by -0.15% its previous price. It has a total of 307.7 million outstanding shares, with an ATR of around 1.53. The company’s stock volume dropped to 7.73 million, worse than 7.95 million that represents its 50-day average. A 5-day decrease of about -5.96% in its price means M is now 28.5% higher on year-to-date. The shares have surrendered $43104.63 since its $41.99 52-week high price recorded on 14th of August 2018. Overall, it has seen a growth rate of 28.35 over the last 12 months. The current price per share is $9.9 above the 52 week low of $22.47 set on 6th of February 2018.

4 analysts out of 19 Wall Street brokerage firms rate M stock as a Buy, while 3 see it as a Sell. The rest 12 describe it as a Hold. The stock traded higher to an intra-day high of $32.39. At one point in session, its potential discontinued and the price was down to lows at $31.25. Analysts have set M’s consensus price at $36.06, effectively giving it a 11.4% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $44 (up 35.93% from current price levels). M has a 29.7% ROE.

It is expected that Jan 2019 quarter will have an EPS of $2.76, while that of Apr 2019 is projected at $0.63. It means that there could be a -2.13% and 31.25% growth in the two quarters respectively. Yearly earnings are expected to rise by 8.22% to about $4.08. As for the coming year, growth will be about -10.78%, lifting earnings to $3.64. RSI after the last trading period was 42.83. M recorded a change of -5.96% over the past week and returned -8.46% over the last three months while the M stock’s monthly performance revealed a shift in price of -11.92%. The year to date (YTD) performance stands at 28.5%, and the bi-yearly performance specified an activity trend of -19.5% while the shares have moved 28.35% for the past 12 months.

Conagra Brands, Inc. (NYSE:CAG) shares depreciated -1.43% over the last trading period, taking overall 5-day performance up to -2.5%. M’s price now at $31.62 is weaker than the 50-day average of $34.35. Getting the trading period increased to 200 days, the stock price was seen at $36.28 on average. The general public currently hold control of a total of 481.84 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 484.47 million. The company’s management holds a total of 0.3%, while institutional investors hold about 73% of the remaining shares. M share price finished last trade -5.1% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -12.89%, while closing the session with -8.2% distance from 50 day simple moving average.

Conagra Brands, Inc. (CAG) shares were last observed trading -19.81% down since June 21, 2018 when the peak of $39.43 was hit. Last month’s price growth of -9.66% puts CAG performance for the year now at -16.06%. Consequently, the shares price is trending higher by -0.75%, a 52-week worst price since Dec. 06, 2018. However, it is losing value with -14.95% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $30.29 and $30.95. The immediate resistance area is now $32.23 Williams’s%R (14) for CAG moved to 74.74 while the stochastic%K points at 14.

CAG’s beta is 0.16; meaning investors could reap lower returns, although it also poses lower risks. The company allocated $1.46 per share from its yearly profit to its outstanding shares. Its last reported revenue is $1.83 billion, which was 2% versus $1.8 billion in the corresponding quarter last year. The EPS for Aug 18 quarter came in at $0.47 compared to $0.46 in the year-ago quarter and had represented 2% year-over-year earnings per share growth. CAG’s ROA is 8%. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed.

Estimated quarterly earnings for Conagra Brands, Inc. (NYSE:CAG) are around $0.57 per share in three months through November with $0.56 also the estimate for February quarter of the fiscal year. It means the growth is estimated at 3.64% and -8.2%, respectively. Analysts estimate full-year growth to be 1.9%, the target being $2.15 a share. The upcoming year will see an increase in growth by percentage to 15.81%, more likely to see it hit the $2.49 per share. The firm’s current profit margin over the past 12 months is 10.5%.