Griscom Paul sold $258K of M

Berkshire Hathaway’s CEO Greg Abel disclosed a new stake in Macy’s in its Q1 2026 13F filed May 15, 2026: 3.04 million shares valued at about $55 million, alongside a new Delta Air Lines position. The article says Macy’s reported Q2 FY27 adjusted diluted EPS of $0.13 vs $0.03, revenue of $4.89 billion, and raised full-year guidance to net sales $21.5–$21.75 billion and adjusted EPS $2.00–$2.20.

JPMorgan Chase raised its Macy’s (NYSE:M) price target to $27 from $21 and kept a “neutral” rating, implying 15.85% upside. Other firms adjusted targets: Telsey to $23, Weiss reiterated “hold (c),” Zacks upgraded to “hold,” UBS reiterated “sell,” and Wall Street Zen cut to “hold.” Macy’s shares rose to $23.31.

US stock index futures were mixed early Wednesday as investors balanced AI optimism with uncertainty around US-Iran talks. Dow futures fell 0.3%, S&P 500 futures slipped about 0.1%, and Nasdaq 100 futures rose 0.2%. Oil climbed as Israel’s Lebanon campaign complicated a ceasefire, with WTI above $96 and Brent near $98. Broadcom, CrowdStrike, and Macy’s are due to report, alongside ADP jobs data.

US stock index futures were flat Wednesday as investors balanced AI optimism with uncertainty around US-Iran talks. Dow and S&P 500 futures held steady; Nasdaq 100 futures rose 0.1%. Palo Alto Networks shares gained after earnings, with the company citing strong AI cybersecurity demand. Earnings and ADP employment data are due, ahead of Friday’s May jobs report.

This week’s focus is on U.S. labor data, major chip and AI-related earnings, and inflation/growth signals. Investors watch Friday’s May jobs report (consensus 93,000 jobs) plus JOLTS, jobless claims, and Challenger layoffs. Broadcom and Ciena report, as do PANW and CrowdStrike. PCE rose 0.4% m/m in April but 12-month gains hit 3.8% headline; GDP was revised to 1.6%.

The article says the S&P 500 is near record highs, with support cited at 7,330 and 7,000, and notes a sell signal remains because SPX has not closed above its +4σ modified Bollinger Band. It highlights declining VIX and strong breadth (including new NYSE highs) and lists seven stocks to watch for earnings next week: Ciena, Dollar General, DocuSign, Lululemon, Macy’s, Palo Alto Networks, and Ulta Beauty.