Can Macy's Bounce Back?
The following video is from Wednesday's Investor Beat, in which host Chris Hill and analysts Isaac Pino and Charly Travers dissect the hardest-hitting investing stories of the day.
Macy's second-quarter profits were lower than expected, and the retailer cut guidance for the rest of the fiscal year. One analyst previewed the quarter by saying Macy's had been doing very well lately and results indicated it could keep up the momentum. In our lead story on Investor Beat, Isaac and Charly examine how the momentum has stopped, whether Macy's can bounce back, and the relative attractiveness of the stock.
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The article Can Macy's Bounce Back? originally appeared on Fool.com.Charly Travers, Chris Hill, and Isaac Pino, CPA have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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