What Caught Our Attention in the Investment World? – Week of August 12-16, 2019
By Anil K. Ambastha and Kuldip K. Ambastha Following its disappointing second-quarter earnings due to deep discounting amid rising inventory levels, concern about the potential impact of China tariffs in the future, and slashed earnings guidance for the rest of the year, shares of a retailer, Macy’s (M), dropped by 13.2% on August 14. Macy’s …
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