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Stock Market & Financial Investment News

News Breaks
December 6, 2012
10:42 EDTJCP, SPLSJ.C. Penney rises after partner reveals REIT plans
J.C. Penney (JCP) is advancing after the company's Canadian partner, retailer Loblaw Companies, earlier today announced that it would launch a Real Estate Investment Trust, or REIT. The REIT, which will sell units via an IPO, will acquire a significant portion of Loblaw's real estate assets, the Canadian company stated. Initially Loblaw, whose stock is soaring nearly 20% on the Toronto Stock Exchange on the news, intends to turn over real estate currently worth more than C$7B to the REIT. Loblaw's announcement may be leading some investors to speculate that J.C. Penney and other American retailers may take similar steps in order to monetize their assets. Loblaw in July signed a four year deal to open almost 700 shops featuring its Joe Fresh fashions within J.C. Penney's stores. In mid-morning trading, J.C. Penney jumped 91c, or 5.19%, to $18.44. Also climbing was Staples (SPLS), which rose 1.42% to $11.45.
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August 15, 2014
08:48 EDTJCPJ.C. Penney comps get more difficult from here, says Maxim
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08:47 EDTJCPJ.C. Penney comp run rates does not support quick recovery, says Morgan Stanley
Morgan Stanley said J.C. Penney's underlying comp run-rate of 4% does not support a quick turnaround and believes comps will decelerate from current levels. The firm trimmed its 2015-2017 base assumptions and believes the company will struggle to reach +6% comps. Shares are Underweight rated with a reduced price target of $7 from $7.50.
07:19 EDTJCPWells says 'no reason to get too excited' about J.C. Penney
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06:41 EDTJCPJ.C. Penney turnaround 'very much underway,' says Piper Jaffray
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August 14, 2014
19:08 EDTJCPOn The Fly: After Hours Movers
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17:18 EDTJCPJ.C. Penney off session highs, now up 2.7%
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16:57 EDTJCPJ.C. Penney sees some anomalies in expense in Q3
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16:52 EDTJCPJ.C. Penney says 'Kids' unit had a challenging spring
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16:37 EDTJCPJ.C. Penney says CEO unable to attend conference call, recovering from surgery
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16:05 EDTJCPJ.C. Penney expects profitable sales this back to school season
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16:03 EDTJCPJ.C. Penney rallies 9% to $9.74 after Q2 earnings beat
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16:03 EDTJCPJ.C. Penney sees 2014 SSS up mid-single digits
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16:02 EDTJCPJ.C. Penney sees Q3 SSS up mid-single digits
Sees Q3 gross margin in-line with Q2 and SG&A expenses slightly above last year's levels.
16:01 EDTJCPJ.C. Penney reports Q2 adjusted EPS (75c), consensus (93c)
Reports Q2 revenue $2.8B, consensus $2.79B. Same store sales increased 6.0 %. Online sales through jcp.com were $249M for the quarter, up 16.7 % versus the same period last year.
15:03 EDTJCPNotable companies reporting after market close
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14:24 EDTJCPJ.C. Penney technical comments ahead of earnings
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13:16 EDTJCPJ.C. Penney August 9.5 straddle priced for 11.2% move into Q2
12:00 EDTJCPStocks with call strike movement; JCP KING
J.C. Penney (JCP) November 12 call option implied volatility decreased 2% to 53, King Digital (KING) February 17 call option implied volatility decreased 2% to 52 according to IVolatility.
10:36 EDTJCPEarnings Preview: Analyst sees J.C. Penney reporting positive Q2 comps
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05:54 EDTJCPStocks with implied volatility movement; JCP P
Stocks with implied volatility movement; J.C. Penney (JCP) 67. Pandora (P) 59 according to iVolatility.
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