Berkshire Hathaway disclosed a new 3.04 million-share stake in Macy's worth $55 million in Q1 2026, marking CEO Greg Abel's first major portfolio move. Unlike many investors chasing AI stocks, Abel chose Macy's for its steady cash flow, solid earnings, and undervalued real estate assets. Macy's recent strong earnings and dividend yield make it a stable, cash-generating business, fitting Abel's strategy of investing in out-of-favor but durable companies. While the stock has already surged over 130% in a year, the key takeaway for investors is Abel's focus on reliable cash flow and asset-backed businesses rather than chasing trends.
Macy's stock has more than doubled in the past year, reaching multiyear highs following a strong first-quarter performance that beat expectations. The company benefits from steady sales to higher-income consumers, operational improvements like AI-dri...
The planned demolition of Macy’s famous four-story shopping bag billboard at Broadway and West 34th Street has been postponed as Macy’s and the building owner, Kaufman Organization, negotiate its future. Originally scheduled for early June, the delay...
