Yahoo Finance’s Ines Ferre reports on the day's trending tickers.
Shares of Macy's (NYSE: M) jumped Monday in part due to a report in The Wall Street Journal that Saks Fifth Avenue was aiming to take its e-commerce unit public at a valuation of $6 billion. Since Macy's is one of Saks' closest competitors, that news had investors upping their valuation of Macy's. Macy's market cap ballooned to nearly $9 billion on the news that Saks was aiming for a $6 billion valuation on Saks.com -- triple the $2 billion valuation it gave the unit in March.
E-commerce giant Amazon (NASDAQ: AMZN) is estimating sales growth will slow down in its fiscal third quarter. In this segment from "Beat & Raise," recorded on Oct. 4, Fool.com contributors Brian Withers and Parkev Tatevosian discuss what else to look for in Amazon's fourth-quarter earnings results. Parkev Tatevosian: Amazon, as most of our viewers will be aware, got a surge in business during the pandemic.