Jim Cramer Commented on 10 Stocks and the Recent Macro Rally

4. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders: 42

Macy’s, Inc. (NYSE:M) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer highlighted the company’s performance after it closed its weak stores. He commented:

“How about Macy’s? Wall Street expected a dismal report filled with talk about promotional holiday season. That’s what they’re used to. Not this time. We’re finally starting to see the benefits of closing weak stores. By the way, 9% same-store sales increase from Bloomingdale’s, and that’s where the current CEO, Tony Spring, came from.”

Macy’s, Inc. (NYSE:M) is an omni-channel retailer, and it provides apparel, accessories, cosmetics, home goods, and other merchandise under the Macy’s, Bloomingdale’s, and Bluemercury brands. Cramer highlighted the stock during the September 4 episode, as the Mad Money host said:

“If you listened to Tony Spring last night, the CEO who’s turning Macy’s around, he seemed most proud of how he’d been able to improve the balance sheet… at what was a very cyclical retailer. And you know, when you’re in a cyclical business like retailing, you can’t afford to have a weak balance sheet.”