Jim Cramer Shed Light on These 10 Stocks Recently

6. Macy’s, Inc. (NYSE:M)

Number of Hedge Fund Holders: 36

Macy’s, Inc. (NYSE:M) is one of the stocks that Jim Cramer recently shed light on. Cramer discussed the company’s earnings and believed that it was proof of a “turnaround brewing”. He remarked:

“Oh, here’s a great story. Look at this incredible move in the stock of Macy’s, up over 20% today in the wake of a tremendous quarter. Despite a tough environment for retail, this company, which also owns Bloomingdale’s [and] Bluemercury, reported a stellar set of numbers this morning. Macy’s posted a stunning 22-cent earnings beat off a 19-cent basis, higher than expected revenue, and the best same-store sales numbers in 12 quarters. Even better, management raised their full-year forecast for sales and earnings. I’ve been saying there is a turnaround brewing here, and boy, did we get proof of it today.”

Macy’s, Inc. (NYSE:M) is an omni-channel retailer offering apparel, accessories, cosmetics, home goods, and more under the Macy’s, Bloomingdale’s, and Bluemercury brands.