L'intérêt à découvert pour Macy's donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Macy's. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Macy's (NYSE:M) Stock, Rapport sur les intérêts à découvert

Macy's

Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.

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<a href="https://www.wsj.com/business/media/nbc-ready-to-pay-triple-to-gobble-up-thanksgiving-parade-broadcast-rights-e18fd95f?mod=latest_headlines" title="https://www.wsj.com/business/media/nbc-ready-to-pay-triple-to-gobble-up-thanksgiving-parade-broadcast-rights-e18fd95f?mod=latest_headlines">https://www.wsj.com/business/media/nbc-ready-to-pay-triple-to-gobble-up-thanksgiving-parade-broadcast-rights-e18fd95f?mod=latest_headlines</a>

News

CMCSA

'NBC, Macy's Near Pact That Would Triple Fees For Broadcasting Thanksgiving Parade; Macy's Parade's Average Annual Fee Would Increase To $60 Million Under New Terms' - WSJ

A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S. stock indices to new record heights during Monday morning trading, marking what could be another <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.benzinga.com/markets&amp;ved=2ahUKEwjAlZHc__eJAxU2BfsDHQLbGvkQFnoECCsQAQ&amp;usg=AOvVaw1FmExYgZnKyK1W0mkY7TrX">historic session on Wall Street.</a>
The S&amp;P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and 44,815 points, respectively, before paring back some gains.
Yet, the small-cap Russell 2000 index stole the spotlight, up 1.4% and reaching an all-time high for the first time since November 2021.
Investors cheered President-elect Donald Trump's nomination of hedge fund manager Scott Bessent for Treasury secretary, betting his Wall Street experience could steer fiscal policies<a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.benzinga.com/news/24/11/42158330/trumps-treasury-secretary-pick-scott-bessent-says-a-global-economic-reordering-is-on-the-way-argues-president-elects-policies-will-lead-to-an-economic-lollapalooza&amp;ved=2ahUKEwjl2srK__eJAxV3KvsDHal-N2sQFnoECCAQAQ&amp;usg=AOvVaw2RHZDfMG584ba6QTHSP-jq"> toward a pro-market direction</a>.
Meanwhile, the barometer of geopolitical fears eased as Israel and Lebanon agreed to a framework for <a href="https://www.benzinga.com/24/11/42166676/israel-reaches-groundbreaking-ceasefire-deal-with-lebanon-gold-oil-tumble-sp-500-dow-jointly-hit-record-highs">ending the Israel-Hezbollah conflict</a>. While the deal still requires approval from Israel&#8217;s Security Cabinet, traders embraced the news, which sent ripples through commodity markets.
West Texas Intermediate (WTI) crude tumbled 2.7%, falling below $70 per barrel, erasing Friday&#8217;s gains. Gold plummeted over 3%, marking one of its worst sessions in 2024, as safe-haven demand receded.
Bucking the trend, natural gas prices soared 8%, driven by reports that Trump's team is preparing to end Biden's freeze on liquefied natural gas (LNG) exports.
U.S. Treasury yields plunged as optimism around Bessent's nomination suggested a potential curb on unchecked deficit spending. The yield on the 10-year Treasury note fell more than 10 basis points to 4.29%, dragging the U.S. dollar down 0.6%.
While traditional equities rallied, the risk-on sentiment did not extend to cryptocurrencies. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 3% to around $95,000, further distancing itself from the highly anticipated $100,000 milestone.
<h1 class="wp-block-heading">Monday&#8217;s Performance In U.S. Major Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg.</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,439.45</td>
<td>1.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,565.41</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,974.05</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,745.11</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.1% higher to $596.04, eyeing the sixth straight session of gains.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.6% to $445.93.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.065% up to $506.12.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.5% to $242.71.</li>
<li>The&nbsp;Consumer Discretionary Sector Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.2%. The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.6%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Bath &amp; Body Works Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) rallied 14.5% in reaction to better-than-expected quarterly earnings. </li>
<li>Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) fell over 3% after the company announced that a former employee allegedly concealed between $132 million and $154 million in delivery expenses from the fiscal fourth quarter of 2021 through the most recent <a href="https://www.benzinga.com/24/11/42166888/stock-of-the-day-accounting-fraud-at-macys">quarter ending Nov. 2</a>. As a result, it has postponed its earnings release and conference call to as late as Dec. 11 to allow time for an independent audit.</li>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) soared 13%, after Volkswagen announced to boost its initial investment by an additional $800 million to $5.8 billion.</li>
</ul>
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Photo: Shutterstock

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Select Sector SPDR-Consumer Discretionary

Russell 2000, Dow, S&P 500 All Achieve Record Highs In Wall Street's Historic Day; Bitcoin, Gold Tumble: What's Driving Markets Monday?

Macy's <a href="https://www.benzinga.com/24/11/42162655/macy-falls-as-preliminary-q3-highlights-mixed-performance-and-154-million-expense-concealment">delayed its Q3 earnings release</a>, revealing an internal investigation into an employee who allegedly hid hundreds of millions of dollars in expenses.
Shares of Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) are trading lower on Monday, and there is a good chance that the downtrend will continue.
This is why it is our Stock of the Day.
A person who was responsible for small package delivery expense accounting made intentional &#8220;erroneous accounting accrual entries.&#8221; As much as $154 million may have been hidden. The activity occurred between Q4 2021 and the current third quarter.
Macy's said there was &#8220;no indication that the accounting error had any impact on the cash management activities or vendor payments.&#8221; It also said the employee is no longer with the company.
Read Also: <a href="https://www.benzinga.com/news/24/11/42093639/why-macys-stock-is-falling">Why Macy&#8217;s Stock Is Falling</a>
The stock was looking technically vulnerable prior to the news coming out. As you can see on the chart, it had run into resistance again around the $16.40 level. Stocks tend to sell off after they hit resistance. This is what happened with Macy's in mid-October and early November.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="557" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25101907/m-chart-1024x557.webp" alt="" class="wp-image-663574" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25101907/m-chart-1024x557.webp 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25101907/m-chart-300x163.webp 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25101907/m-chart-768x418.webp 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25101907/m-chart.webp 1501w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
When a stock trends higher, there aren't enough sellers to fill all the buy orders. As a result, buyers are forced to bid successively higher prices to attract sellers into the market, forcing the stock into an uptrend.
When resistance is reached, the uptrend ends. There are more than enough sellers to fill all of the buy orders. Buyers can acquire all of the shares they wish to without pushing the price any higher.
Sometimes, some investors and traders who create resistance with their sell orders become concerned. They know the buyers will go to whoever will sell at the lowest price.
They fear that other sellers may lower their asking prices, prompting them to do the same. This behavior often triggers a chain reaction, with more sellers reducing their prices in response.
It results in a snowball effect that can push the price lower.
This is what happened the last two times Macy's reached the $16.40 level, and it may be about to happen again.
Read Next: 
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Photo: Shutterstock

Technicals

Stock Of The Day: Macy's Hits Resistance Following Accounting Scandal

Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares are trading lower premarket on Monday after the company delayed its earnings release and conference call regarding the&nbsp;third quarter&nbsp;of 2024 to allow for <a target="_blank" href="https://www.benzinga.com//node/42159940" rel="noreferrer noopener">the completion of an independent investigation.</a>
Earlier, the company planned to report its&nbsp;third-quarter&nbsp;sales and earnings results on <a target="_blank" href="https://www.benzinga.com//node/41824312" rel="noreferrer noopener">Tuesday, November 26, 2024.&nbsp;</a>
Accounting Error: Macy&#8217;s disclosed that an internal investigation revealed that an employee intentionally concealed $132 million-$154 million in delivery expenses from fourth-quarter 2021 to third-quarter 2024. During this same time period, the company recognized approximately&nbsp;$4.36 billion&nbsp;of delivery expenses.&nbsp;
There was no impact on cash management or vendor payments and the employee is no longer with the company, and no other employees were involved.
Preliminary&nbsp;Q3 Results: Meanwhile, the company reported preliminary&nbsp;third-quarter results, with a 2.4% decline in net sales to $4.742 billion (consensus $4.72 billion), with comparable sales down 2.4% on an owned basis and 1.3% on an owned-plus-licensed-plus-marketplace basis.
The company&#8217;s weaker performance in non-First 50 locations, the digital channel, and cold weather categories offset the growth in Macy&#8217;s First 50 locations, Bloomingdale&#8217;s, and Bluemercury.
Macy&#8217;s reported a 2.0% decline in go-forward business comparable sales on an owned basis and a 0.9% decline, including licensed and marketplace sales.
Also, the company saw a 3.1% drop in Macy&#8217;s&nbsp;nameplate net sales, with comparable sales down 3.0% owned and 2.2% on an owned-plus-licensed-plus-marketplace basis, driven by strong performances in fragrances, dresses, and active apparel.
Meanwhile, Bloomingdale&#8217;s net sales rose 1.4%, with comparable sales up 1.0% on an owned basis and 3.2% including licensed and marketplace sales, driven by strength in contemporary apparel, beauty, and digital.
Bluemercury saw a 3.2% increase in net sales and 3.3% growth in comparable sales on an owned basis, marking the fifteenth consecutive quarter of growth, with strong customer demand for skincare products.
Merchandise inventories increased 3.9% year-over-year, driven by better inventory composition and supply chain efficiencies, with about half of the increase attributed to the conversion to cost accounting.
Heading into the fourth quarter, the company believes it has the right <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">level of newness for the holiday season</a>.
As of the end of third-quarter, the company had $315 million in cash and cash equivalents, with $2.77 billion of available borrowing capacity.
Asset sale gains of $66 million were $61 million higher than last year, led by the monetization of non-core assets under the company&#8217;s Bold New Chapter strategy.
The company expects to report its full&nbsp;third-quarter&nbsp;results and hold its earnings conference call, where it will provide its&nbsp;fourth-quarter&nbsp;and <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">full-year outlooks, by December 11, 2024.</a>
Tony Spring, chairman and chief executive officer of Macy&#8217;s, said, &#8220;Our Macy&#8217;s First 50 locations achieved their third consecutive quarter of comparable sales growth. At the same time, our luxury brands, Bloomingdale&#8217;s and Bluemercury, reported positive comparable sales. Importantly, November comparable sales are trending ahead of third quarter levels across nameplates.&#8221;
In September, Macy&#8217;s planned to hire over 31,500 seasonal employees across Macy&#8217;s, Bloomingdale&#8217;s, and Bluemercury<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40955083/holiday-opportunity-macys-plans-to-hire-31-500-seasonal-workers" rel="noreferrer noopener"> stores and distribution centers</a>.
Investors can gain exposure to the stock via WBI Power Factor High Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIY#NYSE">WBIY</a>) and Invesco S&amp;P Midcap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: M shares are down 3.07% at $15.80 premarket at the last check Monday.
Photo via Shutterstock
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Rydex ETF Trust S&P Midcap 400 Pure Value ETF

WBIY

Macy's Delays Q3 Earnings Report Amid Investigation Over $154M Accounting Scandal; Stock Dips

WIIM

Macy's shares are trading lower after the company delayed its Q3 earnings release and conference call, citing an issue related to delivery expenses in one of its accrual accounts, prompting an independent investigation.

Macy's Says A Single Employee With Responsibility For Small Package Delivery Expense Accounting Intentionally Made Erroneous Accounting Accrual Entries To Hide  $132M - $154M Of Cumulative Delivery Expenses From Q4 Of 2021 Through Fiscal Quarter Ended November 2, 2024

As a result of the independent investigation and forensic analysis, the company identified that a single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide approximately $132 to $154 million of cumulative delivery expenses from the fourth quarter of 2021 through fiscal quarter ended November 2, 2024.
&nbsp;During this same time period, the company recognized approximately $4.36 billion of delivery expenses. There is no indication that the erroneous accounting accrual entries had any impact on the company's cash management activities or vendor payments.&nbsp;
The individual who engaged in this conduct is no longer employed by the company. The investigation has not identified involvement by any other employee.
&nbsp;

Macy's Says Identified An Issue Related To Delivery Expenses In One Of Its Accrual Accounts; Consequently Initiated An Independent Investigation

Macy's Says November Comparable Sales Are Trending Ahead Of Q3 Levels Across Nameplates

Macy's Delays Q3 Earnings Release And Conference Call; Reports Preliminary Net Sales Decrease Of 2.4% To $4.742Bn, With Comparable Sales Down 2.4% On An Owned Basis

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$337.50</td>
<td>$335.0K</td>
<td>2.7K</td>
<td>15.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$205.00</td>
<td>$53.9K</td>
<td>20.7K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$100.00</td>
<td>$96.5K</td>
<td>699</td>
<td>2.7K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.00</td>
<td>$29.0K</td>
<td>93</td>
<td>1.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$30.3K</td>
<td>5.3K</td>
<td>668</td>
</tr>
<tr>
<td>GCT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$132.0K</td>
<td>4.4K</td>
<td>500</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$30.00</td>
<td>$28.4K</td>
<td>2.8K</td>
<td>395</td>
</tr>
<tr>
<td>DKNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$40.00</td>
<td>$29.0K</td>
<td>1.7K</td>
<td>139</td>
</tr>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$125.00</td>
<td>$105.1K</td>
<td>348</td>
<td>124</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$360.00</td>
<td>$150.0K</td>
<td>119</td>
<td>104</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on November 22, 2024. This event was a transfer of 500 contract(s) at a $337.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $335.0K, with a price of $670.0 per contract. There were 2796 open contracts at this strike prior to today, and today 15522 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $205.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $53.9K, with a price of $539.0 per contract. There were 20776 open contracts at this strike prior to today, and today 2844 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with bullish sentiment. It expires in 9 day(s) on November 29, 2024. Parties traded 994 contract(s) at a $100.00 strike. This particular put needed to be split into 61 different trades to become filled. The total cost received by the writing party (or parties) was $96.5K, with a price of $99.0 per contract. There were 699 open contracts at this strike prior to today, and today 2730 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option sweep that happens to be bullish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $18.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $30.0 per contract. There were 93 open contracts at this strike prior to today, and today 1110 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 422 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $1010.0 per contract. There were 5329 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold. 
• For GCT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>), we notice a put option trade that happens to be bearish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $132.0K, with a price of $660.0 per contract. There were 4459 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bullish, expiring in 148 day(s) on April 17, 2025. This event was a transfer of 36 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $790.0 per contract. There were 2833 open contracts at this strike prior to today, and today 395 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a put option sweep with bearish sentiment. It expires in 394 day(s) on December 19, 2025. Parties traded 51 contract(s) at a $40.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $570.0 per contract. There were 1738 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a put option sweep with bearish sentiment. It expires in 148 day(s) on April 17, 2025. Parties traded 123 contract(s) at a $125.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $105.1K, with a price of $855.0 per contract. There were 348 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a put option sweep with neutral sentiment. It expires in 303 day(s) on September 19, 2025. Parties traded 100 contract(s) at a $360.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $150.0K, with a price of $1505.0 per contract. There were 119 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

DKNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Macy&#8217;s Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares are trading lower by 3.04% to $14.68 during Wednesday&#8217;s session, reflecting broader retail sector jitters after Target Corporation released disappointing <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">third-quarter earnings</a>.
What To Know: Target missed Wall Street estimates for both revenue and earnings per share, citing cost pressures and challenges related to inventory and supply chain management. The retail giant also lowered its full-year profit outlook, signaling caution heading into the crucial holiday season.
The ripple effects of Target's report are likely weighing on Macy's as investors brace for potential parallels in performance. Target's challenges, such as increased digital fulfillment costs and inventory pressures, may mirror broader trends impacting department stores, which have also been grappling with shifting consumer behavior and rising costs.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42090657/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases">MicroStrategy Upsizes Convertible Notes Offering To $2.6 Billion For Bitcoin Purchases</a>
Additionally, Target's lowered guidance suggests potential headwinds for discretionary spending, a vital revenue driver for Macy's.
Target's results highlighted that while beauty and essentials categories grew, comparable sales across other segments were modest, raising concerns about retail demand. Macy's, heavily reliant on apparel and home goods, is particularly sensitive to shifts in consumer spending priorities. 
The cautious sentiment could pressure Macy's shares as investors reassess retail earnings prospects in a challenging economic environment.
Read Also: <a href="https://www.benzinga.com/tech/24/11/42086154/apple-to-argue-for-dismissal-of-doj-antitrust-case-over-alleged-us-smartphone-market-domination">Apple To Argue For Dismissal Of DOJ Antitrust Case Over Alleged US Smartphone Market Domination</a>
<h2 class="wp-block-heading">How To Buy M Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Macy&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Macy&#8217;s has a 52-week high of $22.10 and a 52-week low of $14.06.

Why Macy's Stock Is Falling

DLTR

FIVE

Shares of companies in the broader retail sector are trading lower after Target reported worse than expected Q3 earnings and cut 2024 guidance.

Appaloosa Management filed its <a href="https://www.sec.gov/Archives/edgar/data/1656456/000165645624000004/xslForm13F_X02/Form13FInfoTable.xml">Form 13F</a> on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Appaloosa's latest trades. 
New Positions:&nbsp;
<ul>
<li>Appaloosa added a stake in energy company Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) with 1,270,388 shares valued at $150.5 million, according to Whalewisdom. </li>
<li>The fund added a stake in NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with 999,820 shares. </li>
<li>Appaloosa opened a position in Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) with 1,528,323 shares</li>
<li>The hedge fund also opened a position in Wynn Resorts Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) with 800,000 shares. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Closed Positions: Appaloosa sold all of its 210,000 Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares. The fund also closed its entire positions in Macy's Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) and United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>). 
Notable Trades: Appaloosa added 3,361,132 shares of China-based commerce company PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), bringing its total stake to 5,301,132 shares valued at $617.4 million, according to Whalewisdom. The fund also added 2,989,400 shares of JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) another China-based commerce company. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
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Photo: Panchenko Vladimir on Shutterstock

Hedge Funds

WYNN

Appaloosa Hedge Fund Buys Vistra, Sells Boeing

Appaloosa LP 13F Shows Exited Position In United Parcel Service, Previously Holding 605,000 Shares; Exited Position In Boeing, Previously Holding 210,000 Shares; Exited Position In Macy's, Previously Holding 1,265,000 Shares

Sierra, the AI&nbsp;startup co-founded by former Salesforce&nbsp;co-CEO and OpenAI chairman Bret Taylor, has achieved a valuation of $4.5 billion following a successful funding round.
What Happened: On Monday, a year after its public launch, Sierra&nbsp;raised $175 million in a&nbsp;funding round led by Greenoaks Capital, reported Reuters.
Thrive Capital and Iconiq also&nbsp;participated in the round. The company&nbsp;had&nbsp;previously raised $110 million from&nbsp;Sequoia Capital and Benchmark at&nbsp;a nearly $1 billion valuation.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $2.9K Offer Rejected By SEC, Agency Requests Judge To Sanction Billionaire Over Missed Depositions</a>
Despite growing concerns around AI bubbles, the&nbsp;funding has positioned&nbsp;Sierra as one of the&nbsp;most highly valued startups. The company has surpassed&nbsp;$20 million in annualized revenue,&nbsp;the report noted, citing sources familiar with the matter.
This latest funding round values Sierra higher than established brands such as Nikon Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NINOY#OTC">NINOY</a>) and Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), which have market capitalizations of $4.43 billion and $4.30 billion, respectively.
Co-founded by Taylor and Google veteran Clay Bavor, Sierra specializes in selling AI-powered customer service chatbots to enterprises. It serves clients such as WeightWatchers&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) and SiriusXM Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Sierra&#8217;s skyrocketing valuation comes amidst a surge in funding for AI startups. For instance, earlier this month ChatGPT-parent OpenAI secured more than <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-roundhttps:/www.benzinga.com/news/24/10/41407196/openais-for-profit-structure-adds-valuation-complexity-to-microsoft-and-other-equity-investors-repor">$6.5 billion in new funding at a valuation of $157 billion</a>.
In March this year, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced an additional $2.75 billion investment in Anthropic. This follows an initial $1.25 billion investment from Amazon in September 2023, raising its total commitment to $4 billion. 
At the time, the investment was made based on Anthropic&#8217;s valuation of $18.4 billion.
In May 2024, Elon Musk&#8217;s AI startup xAI&nbsp;<a href="https://www.benzinga.com/news/24/05/39025708/elon-musk-cheers-funding-after-xai-secures-6b-from-sequoia-andreessen-horowitz-saudi-prince-alwaleed" target="_blank" rel="noreferrer noopener">raised a staggering $6 billion</a>&nbsp;in its Series B funding round, pegging a reported valuation of $24 billion.
In July, Cohere Inc., backed by Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reached a <a href="https://www.benzinga.com/markets/equities/24/07/39890578/nvidia-backed-ai-startup-coheres-valuation-soars-to-5-5b-report">$5.5 billion valuation</a> becoming one of Canada's largest startups.
Photo Courtesy: Sierra AI
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41559545/jim-cramer-says-apple-meta-amazon-and-other-tech-earnings-present-a-huge-opportunity-but-advises?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says Apple, Meta, Amazon And Other Tech Earnings Present A &#8216;Huge Opportunity,&#8217; But Advises To &#8216;Wait To Process The Numbers…Before You Pull The Trigger&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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