[video] Jim Cramer Quick Take: Macy's a Retail Indicator
NEW YORK (TheStreet) -- Last quarter, Macy's
TheStreet's Jim Cramer told Brittany Umar the general consensus was that retail apparel was weak.
In this regard, Cramer said it may also be possible for Macy's to surprise investors to the upside.
The low-risk play could perhaps offer $4 of upside vs. $1 to the downside, he added.
While not calling it a long-term pick of his, Cramer said that Macy's will be the gauge for the holiday season, and is also one of the last big retailers to report earnings.
If the company reaffirms the positive holiday outlook, like United Parcel Service
-- Written by Bret Kenwell in Petoskey, Mich.