Following Macy’s, Inc. M 0.44% Q2 earnings report, Macquarie analyst Laurent Vasilescu released a report breaking down the takeaways from Macy’s quarter and what shareholders should be watching for next. Overall, Macquarie maintains its bullish outlook for the retailer.

Asian Opportunity

On the heels of its expansion efforts in the Middle East, Macy’s announced it will now be cracking in to the Asian market via a JV with Chinese retailer Fung Retailing Limited. Macy’s had previously shipped orders to China from the US, but the newly-created Macy’s China Limited will ship to China directly from Hong Kong.

The company is not expecting material impacts to its bottom line from the new venture until 2016, when it is projecting an additional $50 million in e-commerce sales.

Real Estate

Macy’s also announced…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!