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Stock Market & Financial Investment News

News Breaks
December 6, 2012
10:42 EDTSPLS, JCPJ.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.
News For JCP;SPLS From The Last 14 Days
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August 20, 2015
10:28 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
August 19, 2015
13:30 EDTSPLSOn The Fly: Top stock stories at midday
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13:23 EDTJCPOptions with increasing call volume
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10:14 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
06:03 EDTSPLSStaples sees Q3 non-GAAP EPS 33c-36c, consensus 36c
Sees Q3 revenue to decrease compared to 3Q14, consensus $5.73B. The company's guidance reflects a sequential increase in the unfavorable impact of the stronger U.S. dollar on sales and earnings. The company's earnings guidance excludes any potential impact related to restructuring and other related activities or costs related to the company's planned acquisition of Office Depot. For the full year 2015, the company expects to generate more than $600 million of free cash flow.
06:02 EDTSPLSStaples reports Q2 North American stores and online sales $2.11B
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06:01 EDTSPLSStaples reports Q2 non-GAAP EPS 12c, consensus 12c
Reports Q2 revenue $4.94B, consensus $4.96B
August 18, 2015
14:51 EDTSPLSNotable companies reporting before tomorrow's open
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14:26 EDTSPLSStaples August 14 straddle priced for 5.8% movement into Q2
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10:13 EDTJCPOptions with decreasing implied volatility
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08:10 EDTSPLSStaples August volatility elevated into Q2 and outlook
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August 17, 2015
12:23 EDTJCPStocks with call strike movement; Netflix J.C. Penney
Netflix (NFLX) January 150 call option implied volatility increased 2% to 48, J.C. Penney (JCP) January 10 call option implied volatility increased 1% to 40 according to IVolatility.
12:12 EDTSPLSFTC announces resignation of Commissioner Joshua Wright
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10:24 EDTJCPAnalyst notes give J.C. Penney shares a boost
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10:21 EDTJCPOptions with decreasing implied volatility
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10:09 EDTJCPOn The Fly: Analyst Initiation Summary
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09:26 EDTJCPOn The Fly: Pre-market Movers
HIGHER: AVEO (AVEO), up 119.7% after announcing licensing agreement with Novartis (NVS)... OHR Pharmaceutical (OHRP), up 24.9% after Soros reports new stake in company in 13F filing... Kite Pharma (KITE), up 4.6% after saying patient death unrelated to KTE-C19... Tesla (TSLA), up 5.5% after price target raised to $465 from $280 at Morgan Stanley... Mobileye (MBLY), up 2.7% after price target raised to $80 from $71 at Morgan Stanley... J.C. Penney (JCP), up 1.5% after being initiated with a Buy at B. Riley and Piper Jaffray raised its price target to $17 from $15. DOWN AFTER EARNINGS: Estee Lauder (EL), down 2.1% after reporting quarterly results and giving guidance for first quarter and fiscal 2016. ALSO LOWER: KKR (KKR), down 3.3% after Samson enters restructuring deal and expects to file for bankruptcy within 30 days... Aquinox (AQXP), down 4.7% after Lloyd Mackenzie, vice president - Technical Operations and Planning, disclosed late Friday the sale of 35,887 shares worth over $670,000 in a sale related to the exercise of options.
07:17 EDTJCPJ.C. Penney initiated with a Buy at B. Riley
B. Riley initiated J.C. Penney with a Buy rating and $12.50 price target. The firm sees positive business trends, despite industry headwinds, and numerous opportunities for margin recovery.
06:51 EDTJCPJ.C. Penney price target raised to $17 from $15 at Piper Jaffray
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05:44 EDTJCPJ.C. Penney initiated with a Buy at B. Riley
B. Riley analyst Jeff Van Sinderen started shares of J.C. Penney with a Buy rating and $12.50 price target. The retailer closed Friday at $8.52. Sinderen views Penny as a "speculative turnaround" story and believes the company's "substantial" real estate assets partially offset its heavy debt load.
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