Macy's Customers Shopping Elsewhere?

The latest numbers indicate that they are. With a disappointing first quarter earnings report, Macy’s (M) stock slumped 15.2 percent last Wednesday closing the day at $31.38 per share.  The company ended the week down 17.3 percent at $31.22 per share, falling to its 52-week low of $30.36 on Thursday.

Macy’s was downgraded to a C- (HOLD) by Weiss on May 4.

It appears that Macy’s shoppers didn’t turn to the competition either. Kohl’s (KSS) finished the day on Wednesday down 6 percent, trading at $38.70 a share. Dillard’s (DDS) and J.C. Penney (JCP) were also down 8.2 and 2.5 percent, respectively.

Kohl’s ended the week down 15.2 percent, Dillard’s and J. C. Penney dropped 12.5 and 10.1 percent, respectively.

Our comparison report sets Macy’s and its competitors side by side comparing their ratings and numerous financial figures. Here we can see that Macy’s market capitalization of $9.48 billion and enterprise value of $16.38 billion are well above the competition. All four companies below have an investment rating within the C (HOLD) range.

The sector comparison report indicates that Macy’s market cap of $9.48 billion represents 0.17 percent of the consumer discretionary sector. It also shows that the company’s returns are well below its peers, but numerous other financial statement items are above the sector’s average.

Here are a few other major department stores and their last week’s stock performance:

Company Name Ticker Investment Rating
as of 5/17/2016
Weekly % Loss
Burlington Stores BURL B- 8.4
Bon-Ton Stores BONT D 10.0
Sears Holdings Corp. SHLD D- 18.6

Overall, the performance was quite disappointing by all seven stores reporting losses and it looks like their customers had been shopping somewhere else … maybe online.

Stocks

Staples (SPLS) and Office Depot (ODP) attempted merger fell through last week after the $6.3 billion deal was blocked by a federal judge based on concerns that such union would eliminate competition leading to higher prices and lower product quality.

The stock of both companies tumbled down Wednesday morning. Staples dropped by 18 percent to $8.46 per share by the end of the day and Office Depot was down 40.4 percent to $3.63 a share.

Both, Staples and Office Depot ended the week down 19.5 and 41.2 percent, respectively.

Staples was downgraded by Weiss to a C- (HOLD) on March 11 and Office Depot saw its rating drop to a D+ (SELL) on March 28. Both ratings remained unchanged as of May 17.

ETFs

Weiss rates over 1,600 exchange traded funds providing you with an in-depth analysis on every single one of them.

Visit the ETF webpage to see the ETF of the day, ratings distribution, rating changes, 52-week highs and lows.

Additional features are available for individual funds:

Mutual Funds

Looking to invest in a dividend paying mutual fund? We have the tool already prepared for you to help identify such investments.

Weiss Rating Mutual Funds Screener allows you to slice and dice mutual funds any way you want. In this case, we picked out all funds that pay a dividend.

If you’re interested in a specific dividend amount, simply adjust the “Dividend Yield” handles in the screener (example shown below).

You can sort any column in an ascending or descending order.

This is only one way to analyze your possible investments. Sign into your Weiss Ratings account and use everything we have to offer!

Banks

29 U.S. banks with $10 billion or more in assets are recommended, holding a Weiss Safety Rating of B+ or higher.

The table below lists the top five largest. For a complete list of all 29 banks that made the cut, click here.

Company Weiss Safety
Rating
Total Assets in $
Billions
Morgan Stanley Bank NA A- 136.03
Goldman Sachs Bank USA A- 134.70
Ally Bank A- 111.31
Keybank NA B+ 93.04
ZB NA B+ 59.40

Credit Unions

See all vulnerable credit unions in the country, those with a Weiss Safety Rating of D+ or lower.

We give them all to you, the good and the bad. We state the facts and provide you with the tools and reports to assist you in making a sound financial decision.

Find your credit union, add it to your Watchlist and we will keep an eye on it letting you know by email when a rating change takes place.

Insurance

Weiss Ratings upgraded the financial safety ratings of 26 life and annuity insurers and downgraded 32 based on its analysis of fourth quarter 2015 results.

Weiss, the nation’s leading independent provider of bank, credit union and insurance company ratings, analyzed 668 insurers providing life and annuity coverage.

Here are the top 10 largest and highest rated life and annuity insurers. The companies are listed by total assets in descending order.

Top 10 Life and Annuity Insurers

Company Weiss Safety
Rating
Total Assets
in $ Billions
Domicile
State
Metropolitan Life Ins Co B- 390.84 NY
Teachers Ins & Annuity Asn Of America A+ 270.09 NY
Prudential Ins Co Of America B 245.00 NJ
Northwestern Mutual Life Ins Co A- 238.54 WI
John Hancock Life Ins Co (USA) B 227.84 MI
Lincoln National Life Ins Co B 213.89 IN
Massachusetts Mutual Life Ins Co A- 210.36 MA
Jackson National Life Ins Co B+ 189.10 MI
Metlife Ins Co USA B 173.76 DE
American General Life Ins Co B 166.71 TX

To see all strongest life and annuity insurers, click here.

Failures


Institution Name

Industry

State
Total Assets in
Millions
First CornerStone Bank Banks PA 103.3
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