The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill and analysts Andy Cross and Jason Moser discuss the top business and investing stories of the day.
Macy's (NYSE: M ) reported better-than-expected earnings and shares were up on the news. Macy's is embroiled in a lawsuit with J.C. Penney's (NYSE: JCP ) alleging that J.C. Penney violated Macy's exclusive deal with Martha Stewart Living Omnimedia (UNKNOWN: MSO.DL ) In this installment of MarketFoolery, our analysts discuss the earnings, the lawsuit, and the implications for investors.
J.C. Penney has been a train wreck whose comeback always seems just around the next earnings corner, but people are beginning to doubt if CEO Ron Johnson can weave the same magic that he did at Apple. Investors wondering whether J.C. Penney is a buy today are invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about JCP's turnaround -- or lack thereof -- and as a bonus, you'll receive a full year of expert guidance and updates as key news develops. Simply click here now for instant access.
The relevant video segment can be found between 7:14 and 11:52.