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Stock Market & Financial Investment News

News Breaks
February 27, 2013
18:37 EDTJCPJ.C. Penney CEO: We exit the year positioned to succeed in 2013
On J.C. Penney's (JCP) Q4 earnings conference call, CEO Ron Johnson said, "We began this year clean and ready to chase the items that are selling. It is incredibly comforting to me to be relieved of the massive inventory overhang with which we began last year. Based on these accomplishments, we exit the year positioned to succeed in 2013, and this is the year the new JCP will take form." Johnson admitted to making "big mistakes," but noted that the company has brought back coupons for rewards members and will offer sales each and every week moving forward. Despite flat year-over-year traffic on Presidents day, management said it was happy with holiday store traffic. However, they indicated that no sales guidance would be provided. They noted that merchandise inventory was down 20% or $575M from last year, expenses were reduced by $671M, and they were on track to achieve over $900M in savings. They expect the company's ability to return to growth will be much greater when the transformation of Joe Fresh and Home is completed.
News For JCP From The Last 14 Days
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May 20, 2015
10:29 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: ZIOP KING ARIA CTRP WTW VHC XON KERX VIPS JCP
10:16 EDTJCPHigh option volume stocks
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May 19, 2015
11:59 EDTJCPOptions with decreasing implied volatilit
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May 15, 2015
10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
07:14 EDTJCPJ.C. Penney upgraded to Market Perform at BMO Capital
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07:05 EDTJCPJ.C. Penney upgraded to Market Perform from Underperform at BMO Capital
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May 14, 2015
16:19 EDTJCPOn The Fly: Top stock stories for Thursday
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16:00 EDTJCPOptions Update; May 14, 2015
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12:55 EDTJCPBulls, bears debate J.C. Penney after earnings report
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08:11 EDTJCPJ.C. Penney Q1 encouraging, but cash flow remains tough, says Baird
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07:44 EDTJCPJ.C. Penney Q1 beats on EBITDA despite sluggish sales, says UBS
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07:11 EDTJCPOptions expected to be active
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06:52 EDTJCPJ.C. Penney target upped to $15 after Q1 results at Piper Jaffray
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