Tag Archives: JCP

Mid-Afternoon Market Update: Dow Turns Lower; J C Penney Shares Plunge

Toward the end of trading Thursday, the Dow traded down 0.16 percent to 24,729.12 while the NASDAQ declined 0.12 percent to 7,389.42. The S&P also fell, dropping 0.01 percent to 2,722.25.

Leading and Lagging Sectors

Thursday afternoon, the energy shares rose 1.16 percent. Meanwhile, top gainers in the sector included Seadrill Limited (NYSE: SDRL), up 33 percent, and Ultra Petroleum....More>>>

Mid-Day Market Update: Baozun Rises Following Q1 Results; Jounce Therapeutics Shares Plummet

Midway through trading Thursday, the Dow traded up 0.15 percent to 24,805.86 while the NASDAQ climbed 0.26 percent to 7,417.56. The S&P also rose, gaining 0.25 percent to 2,729.24.

Leading and Lagging Sectors

On Thursday, the energy shares rose 1.34 percent. Meanwhile, top gainers in the sector included Seadrill Limited (NYSE: SDRL), up 46 percent, and Sanchez Energy Corporation....More>>>

Why J.C. Penney, NetEase, and Jounce Therapeutics Slumped Today

Thursday was a relatively quiet day on Wall Street, and action in different parts of the market showed mixed signals for investors. On one hand, small-cap stocks moved higher, with key benchmarks in that area hitting record highs. Yet the better-known large-cap stock indexes like the S&P 500 gave up early gains. Looking more closely at individual stocks, some companies suffered from bad news....More>>>

Macy’s, Nordstrom and More Major Retailers Reporting This Week

The return of volatility has created a lot of confusion in the markets over the past few weeks. However, were now reaching a point in the earnings season when a highly cyclical industry will be seeing some of its biggest firms reporting. These retailers will be coming out of their biggest quarter, and its time to see if they have anything to show for it.

24/7 Wall St. has reviewed some of....More>>>

Tuesday Morning Corporation Q4 Earnings: Revenue Up Along With Net Losses

Small cap closeout home decor retailer Tuesday Morning Corporation (NASDAQ: TUES) reported Q4 and fiscal 2017 earnings before the market opened on Thursday. Q4net sales were $223.6 million versus $222.8 million as the Company’s sales comparison to the prior year is impacted by the net closure of 20 stores during the current fiscal year.Comparable store sales increased 1.8% compared....More>>>

Macy’s, Nordstrom and More Retail Earnings Coming This Week

Over the past week the Dow hit an all-time high on the back of this earnings season, and the S&P 500 was within a few points of its record. However, one industry in particular has been holding back this rally. Retail stocks have lagged the market in 2017 thus far. We are reaching the point in the earnings season when most big retail companies will report, and this has the potential....More>>>

Amazon.com, Inc. (AMZN) Stock Heading to $1,200 Despite Q2 Earnings Miss

Shares of Amazon.com, Inc. (NASDAQ:AMZN) got hammered on Friday, falling about 3% after the e-commerce giant reported a huge bottom-line miss in its second quarter earnings result after the market close Thursday. But selling AMZN stock, which I expect to rise to $1,200 by year’s end, would be a foolish mistake.

Source: Shutterstock

AMZN CEO Jeff Bezos has built his....More>>>

Nike: Still The Best Bet In The Industry, At An Attractive Entry Point

Context, Leaders and Laggards

I have a different approach to sport goods stocks in comparison to many investors. I find it difficult to value, trade and invest in any sport goods stock using the same approach. I have been short Under Armour (UAA, UA) for a while and started to accumulate Nike (NYSE:NKE) shares a few months ago. I have recently opened a long on Skechers....More>>>

Can Department Stores Make a Comeback?”

Huge share-price declines at the likes of Macy’s (NYSE:M) and J.C. Penney (NYSE:JCP) indicate that investors are losing hope that these companies can meet their financial goals. Indeed, there wasn’t much to like in their first-quarter results.

In this segment ofIndustry Focus: Consumer Goods, analyst Vincent Shen and contributor Adam Levine-Weinberg turn their attention....More>>>

Can Department Stores Make a Comeback?”

Huge share-price declines at the likes of Macy’s (NYSE:M) and J.C. Penney (NYSE:JCP) indicate that investors are losing hope that these companies can meet their financial goals. Indeed, there wasn’t much to like in their first-quarter results.

In this segment ofIndustry Focus: Consumer Goods, analyst Vincent Shen and contributor Adam Levine-Weinberg turn their attention....More>>>