J.C. Penney

J.C. Penney's (NYSE: JCP) turn-around story continues to gain momentum as analysts at JP Morgan on Monday released a positive note suggesting shares should be considered as a “fall fever long trade.” “The J.C Penney story stands at a pivotal crossroads with today's mid...

The history of corporate CEOs who left and later came back to lead their companies is well documented and populated with some famous names. According to Wharton, companies rehire former chief executive officers for a number of reasons, chief among them the fact the company is in "dire...

J.C. Penney's (NYSE: JCP) Chief Financial Officer Ed Record hosted the company's second quarter conference call. CEO Mike Ullman is recovering from a surgical procedure and was unable to take part in the call. The Quarter In Review During the quarter, comparable store sales rose 6...

U.S. markets managed to squeeze out small gains in lighter than normal volume, as geopolitical tensions may be calming down. Russia President Vladimir Putin said that the country will coordinate with the International Red Cross to send humanitarian aid to Ukraine. Meanwhile, Palestinians and...

Reports from Cisco Systems (NASDAQ: CSCO) and Deere (NYSE: DE) will be among the highlights on the earnings front this week. Note, however,that analyst expectations are low for each of them. Furthermore, earnings season for the major retailers has arrived. Taking their turns on the earnings...

Best Buy (NYSE: BBY) CEO Hubert Joly, in a recent interview with Re/Code, noted the importance of the company’s new price matching policy saying simply, “We’ve taken price off the table.” If only price matching were that simple. After accounting for exclusions, special...

It may still be summer, but as far as retailers are concerned, it's time to get ready to go back to school. Retailers already gearing up include Apple (NASDAQ: AAPL), Wal-Mart (NYSE: WMT), Disney (NYSE: DIS), Kohl’s (NYSE: KSS), Target (NYSE: TGT) and J.C. Penney (NYSE: JCP...

U.S. stocks were slightly lower as positive housing data proved to be not enough to boost the Dow's winning streak to eight days. The National Association of Realtors reported that previously-owned home sale posted strong growth in May compared to April. U.S. Secretary of State John Kerry...

Among the struggling U.S.-based retailers, Avon Products (NYSE: AVP), Barnes & Noble (NYSE: BKS) and Sears Holdings (NASDAQ: SHLD) saw significant upswings in short interest between the May 15 and May 30 settlement dates. The number of shares sold short in Best Buy and J.C. Penney swelled more...

U.S. stocks declined following troubling words from a Federal Reserve official. In a speech delivered Tuesday, the Fed's Charles Plosser hinted that the Federal Reserve should reduce the pace of its asset purchases in measured steps but an increase in interest rates “may come sooner than many...

U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...

Most of the S&P 500 have already posted their first-quarter results. This week, big retailers begin to share their earnings reports. Wal-Mart (NYSE: WMT), the big daddy of retailers, steps onto the earnings stage Thursday. Macy's (NYSE: M) and J.C. Penney (NYSE: JCP) are also scheduled to...

U.S. stocks were mixed as Federal Reserve Chair Janet Yellen presented a prepared testimony which did not rattle investors. The Dow posted a triple-digit point gain after falling 43 points. The Nasdaq, on the other hand, declined as many momentum and Internet names were hit hard. Russian...

U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...