Could Macy's Go the Way of J.C. Penney?
The following video is from Wednesday's Investor Beat, in which host Chris Hill and Motley Fool analysts Isaac Pino and Charly Travers dissect the hardest-hitting investing stories of the day.
Second-quarter profits at Macy's 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 would indicate if they could keep up momentum. In our lead story on InvestorBeat, Charly and Isaac examine how the momentum has stopped, whether Macy's can bounce back, and how relatively attractive the stock is.
Our analysts also look at four stocks that made big moves Wednesday. Deere's record quarterly profits weren't enough to boost the stock. Apple continues to rise one day after activist investor Carl Icahn revealed he has a large stake in the tech giant. MannKind rises after its drug to treat diabetes passed phase 3 trials. And 3-D printer ExOne gets hit on disappointing quarterly results.
Finally, Isaac and Charly explain why they're keeping a close watch on shares of Wal-Mart and Nordstrom this week.
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The article Could Macy's Go the Way of J.C. Penney? originally appeared on Fool.com.
Charly Travers owns shares of Apple. Chris Hill and Isaac Pino, CPA, have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple and ExOne. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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