Macy's (M) Closes Stores & Has Great Earnings

Macy's (M) earnings report was released today November 17th. Alex Coffey and Jenny Horne discusses Macy's as the company had a good earnings report. They talk about how Macy's closed some flagship stores which could have benefitted them. They talk about how Macy's revenue came in at $5.23B versus an estimated $5.17B. They then go over how the company believes that customers will wait closer to the holidays to make purchases. Alex then demonstrates an example trade using Macy's. The trade type is buy a call zebra and the direction is bullish. Tune in to find out more about the stock market today.