There is growing risk to the financials of two big department stores as consumers deal with rising interest rates.
NEW YORK, September 26, 2023--To kick off this upcoming holiday season, Macy’s and Toys"R"Us® have unveiled Geoffrey’s Hot Toy List for 2023 to make every gift giver the star of the holidays by offering top toys for every age and interest. This year’s list of hot toys features the most coveted toys for the ‘Toys R Us’ kid in all of us, from favorite brands like Barbie, Hot Wheels, Pokémon, LEGO, Nerf & more. Geoffrey’s curated list will also feature a Toys"R"Us® global exclusive Geoffrey with a
Energy stocks are pushing market indices higher in Monday's trading session as oil prices remain elevated. Mahoney Asset Management CEO Ken Mahoney shares some of his latest stock trades and sales, endorsing Exxon Mobil (XOM) and McDonald's (MCD), while advising against buying into Macy's (M) or small cap stocks from the Russell 2000 (^RUT). "For investors, they kind of know the downside, something like $70 a barrel," Mahoney says on Exxon. "I think it's a good way to invest outside of tech as a way to get a decent dividend, more of a value play, and hopefully there is that clip... in the low $70s." "Then you look at Macy's: the entire year they do about $25 billion in revenue," Mahoney compares Macy's sales to Amazon's (AMZN) Prime Day success. "So basically one day in Amazon is about six months of buys and sells of Macy's. I think it's a pretty big difference."For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.