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Jim Cramer: Terry Lundgren Is the Reason Macy's is Higher Today

Jim Cramer says Macy's CEO Terry Lundgren continues to deliver numbers that TheStreet likes even if the headlines show otherwise.
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Jim Cramer says Macy's CEO Terry Lundgren continues to deliver numbers that the Street likes even if the headlines show otherwise. Cramer says news headlines focus on the department store giant's announcement Wednesday that it was cutting its annual profit outlook. But Cramer points out that Lundgren remains optimistic about the holiday season which is when they do a lot of their business. Cramer also notes that Lundgren has reduced expenses by a lot. Lundgren has said that the comparisons are going to be very easy versus last year. Cramer credits the retailer's CEO for the stock moving higher today.

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