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Apple Beats Estimates, Merck Misses: Market Recap
U.S. stocks rose during trading on Monday as investors are confident that the Federal Reserve won’t begin curbing stimulus anytime soon. The Federal Reserve will meet tomorrow and Wednesday, but...
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Here’s Why J.C. Penney Started the Week on a High
J.C. Penney Co. (NYSE:JCP) shares finished strong Monday at $7.39 after the bell, buoyed by a 7.2-percent rise that was instigated by CEO Mike Ullman’s remarks at a conference earlier that day....
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J.C. Penney: In Trouble or Falling into Hot Water?
“Morale is probably better than it should be,” J.C. Penney (NYSE:JCP) Chief Executive Officer Myron “Mike” Ullman told The Dallas Morning News in a recent interview, referring to the employees of the...
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J.C. Penney Sales Growth Pleases Investors But Not Analysts
A 0.9 percent increase may seem like a nearly negligible uptick in same-store sales for most retailers, but J.C. Penny Co. (NYSE:JCP) is not like most retailers. In 2012, revenue plunged 25 percent,...
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Here’s Why It’s Do-or-Die Time for J.C. Penney
The question Gilford Securities analyst Bernard Sosnick wants answered is whether J.C. Penney (NYSE:JCP) can keep improving its key metrics. Gilford “held to a [buy] rating despite the turmoil of the...
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J.C. Penney Rings Up a Shares Surge Thanks to Improved Forecast
J.C. Penney (NYSE:JCP) shares surged Wednesday after the struggling retailer released its financial results for the fiscal third-quarter that ended November 2. Penney reported a third-quarter loss...
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J.C. Penney Gets Boot From S&P 500 on Black Friday
Department-store chain J.C. Penney (NYSE:JCP) was among the founding members of Standard & Poor’s 500 Index when it was constructed in 1957, as was Campbell Soup (NYSE:CPB), General Mills...
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No News Is Not Good News for J.C. Penney Investors
J.C. Penney (NYSE:JCP) management may be pleased with the company’s department store holiday sales, but investors are not. On Wednesday, the retailer informed investors that, “The company is pleased...
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Caution: JCPenney’s V-Day Discounts Aren’t as Sweet as They Seem
Source: http://www.flickr.com/photos/idovermani/ JCPenney (NYSE:JCP) has good news and bad news. The good news is that the retailer is planning major Valentine’s Day discounts of up to 40 to 60...
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Investors Are Saying Goodbye to J.C. Penney on a Grand Scale
Source: http://www.flickr.com/photos/12508217@N08/ Weather has not been good for employment and it has not been good for the retail sector. The U.S. Department of Commerce reported Thursday that...
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