Iconic mall anchor Macy's stock is cheap, with a P/E ratio of 10.83 and a dividend yield of 5.87%.
Retail and energy are among the sectors to sell short in this bull market.
Big Gamble: A bet that 50% Price cuts can boost sales
With the holiday season just around the corner, a number of traditional retailers could get a boost.
Macy's posted its highest volume trading day in 25 years at a long-term Fibonacci target, raising odds for a multi-year bottom.
Speeding Bull: The stock market's winning streak may end if retail stocks and small caps continue to lag
After December tax-loss selling sends their prices down yet more, beaten-down stocks often rebound.
Macy's got its investment rating cut to sell from neutral by Citi Research, citing foot traffic.
Many investors in 2008 made huge profits by shorting the subprime industry. The next big short may be retailing.
The Seattle-based company's earnings from private labels are expected to touch $20 billion by 2022.