in the morning, but the company ultimately revealed how vulnerable it is to tariffs and finished down 0.46%.
"If that happens, the analysts will have to slash their estimates on this one," Cramer said. "Macy's won't be alone. Almost every retailer has some exposure because they've spent decades sourcing their merchandise from Chinese vendors in order to keep costs down. Now that's blowing up in their faces."by up to six months.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer: These stocks were 'far more ready' for Trump's tariff hikes than investors realized'They've made a lot of the necessary adjustments,' Jim Cramer says. Yeah because they already have perfected passing the cost on to the consumer. Hey, remember when Cramer lied about the pending Bush Recession? It is more failure by Trump.
Source: CNBC - 🏆 12. / 72 Read more »
Get ready to pull the trigger on these stocks — 'We're almost in oversold territory,' Jim Cramer saysGet ready to pull the trigger on these stocks — 'We're almost in oversold territory': Cramer Famous last words just be smart and buy gold and silver and wait to see how this plays out. My guess is a blood bath this week.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: Charts suggest the market could soon get a deep correctionJim Cramer takes a look at the warning signals one analyst points out in the charts to find out what could lie ahead in this market. Trump’s erratic behavior will hasten a correction. Idle money is on the side not being placed in the system because of trump. I refuse to be a financial victim of trump’s tweets. The market is tough as it is without his nonsense. jimcramer said Apple was going to $120 when it was $148. I sold part of my position. My days of listening to that jackass are over. Why would anybody listen to this Con man, and ex-criminal. Cramer is an crook.
Source: CNBC - 🏆 12. / 72 Read more »