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 (M 5.16%) 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.
