Nordstrom (JWN) & Urban Outfitters (URBN): Demand Looks Healthy

Most of Nordstrom’s (JWN) quarter’s sales outperformance came from its namesake banner, says David Swartz. He discusses JWN’s earnings, which were released May 24th. He talks about how it’s 1Q revenue came in at $3.47B versus an estimated $3.33B. He also goes over Urban Outfitters (URBN), which he thinks underlying demand for is healthy, and he does not expect to make any significant change to its fair value estimate. Tom White also joins to demonstrate example trades using URBN and JWN. Tune in to find out more.