4. 梅西百貨

美國500強排名：105

5年總回報率：281%

預計今年每股盈利增長率：11.1%

股息率：2.1%

2015年預期市盈率：14.9倍

美國經濟的改善和油價的下跌提高了消費者購物的欲望，因而有些投資者認為梅西百貨很可能會在當前環(huán)境下表現(xiàn)得很好。晨星公司股票分析師保羅·斯威南德在最近的一份研究紀要中寫道：“我們相信梅西百貨現(xiàn)在要比經濟危機前更強，已經做好了服務美國中產階層的準備?！彪m然有些分析師懷疑這家歷史悠久的零售店是否具有顯著增長的能力（梅西百貨第一季度銷售額低于華爾街預期，這主要是寒冬和多雪的緣故），但事實證明，梅西百貨的收入增長率是標普500指數(shù)公司平均水平的兩倍以上——當然這主要是大幅度股票回購帶來的結果。目前，梅西百貨也在大力擴展網絡銷售，同時積極向其它零售領域擴張，比如它在今年3月剛剛收購了高檔Spa和美容連鎖機構Bluemercury，這筆交易也有望促進梅西百貨的營收額進一步增長。

摩根大通分析師還指出，梅西百貨還坐擁另一龐大的價值資源，即價值超過100億美元的高端地產，其中就包括了它坐落在曼哈頓先驅廣場，與帝國大廈只隔一兩棟樓的紐約旗艦店。從很多方面看來，這些門店的地產價值甚至要高于其門店的銷售價值。今年，梅西百貨將硅谷的一處門店賣給了一家房地產開發(fā)商，然后又用租賃的方式將其租了回來。此外，梅西百貨的CEO特里·蘭格倫還宣布，將在“房地產可以重新用于更有價值的用途”的地方關掉14家門店。

4. Macy's

FORTUNE 500 RANK: 105

5-YEAR TOTAL RETURN: 281%

ESTIMATED EPS GROWTH THIS YEAR: 11.1%

DIVIDEND YIELD: 2.1%

ESTIMATED 2015 P/E: 14.9

An improving economy plus cheaper gas prices adds up to a greater consumer desire to go shopping, and some investors think Macy’s M 0.57% is likely to perform well in the current environment. “We believe Macy's is stronger than it was before the financial crisis and well positioned to serve the American middle class,” Morningstar equity analyst Paul Swinand wrote in a recent research note. While some analysts doubt the historic retailer’s ability to grow significantly (and first-quarter sales came in below Wall Street’s expectations, a result of a cold and snowy winter), Macy’s earnings are growing more than twice as fast as the average S&P 500 company’s—largely the result of bigger share buybacks. The department store is also increasing online sales and expanding into other types of retail, such as with Bluemercury, a luxury spa and beauty retail chain that Macy’s acquired in March and expects to drive more growth.

JPMorgan analysts also note that Macy’s is literally sitting on another big source of value: more than $10 billion worth of prime real estate, including its New York flagship "trophy asset" in Manhattan’s Herald Square, just a couple of blocks from the Empire State Building. And in many cases, the stores' real estate is worth more than their retail sales: Already this year, Macy's has sold one of its Silicon Valley stores to a real estate developer only to lease it back, and also announced plans to close 14 stores "where the real estate can be redeployed to more productive uses," CEO Terry Lundgren said in the announcement.