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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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August 28, 2014
11:13 EDTJCPStocks with call strike movement; JCP PBR
J.C. Penney (JCP) February 12 call option implied volatility increased 4% to 43, Petrobras (PBR) December 23 call option implied volatility increased 4% to 45 according to IVolatility.
09:57 EDTJCPOn The Fly: Analyst Downgrade Summary
Brown Forman (BFA, BFB, BF.A, BF.B) downgraded to Hold from Buy at Deutsche Bank... GT Advanced (GTAT) downgraded to Underperform from Market Perform at Raymond James... Genuine Parts (GPC) downgraded to Neutral from Buy at SunTrust... InterMune (ITMN) downgraded to Neutral from Buy at UBS... Tesco (TSCDY) downgraded to Hold from Buy at Deutsche Bank... Visa (V) downgraded to Market Perform from Outperform at Raymond James... Williams-Sonoma (WSM) downgraded to Equal Weight from Overweight at Morgan Stanley... Bob Evans (BOBE) downgraded to Underweight from Equal Weight at Stephens... lululemon (LULU) downgraded to Neutral from Buy at DA Davidson... J.C. Penney (JCP) downgraded to Neutral from Buy at BTIG.
08:05 EDTJCPJ.C. Penney downgraded at BTIG
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07:43 EDTJCPJ.C. Penney downgraded to Neutral from Buy at BTIG
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August 27, 2014
07:45 EDTJCPJ.C. Penney volatility at 27-month low
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August 25, 2014
12:16 EDTJCPJ.C. Penney rises, levels to watch
The stock is holding above what was strong resistance at the $10 area. JPMorgan earlier recommended the shares as a long idea, and the stock is up over 4.6% on greater than average daily volume to $10.65. At that price, next resistance is at $11.22. Support is at $10.42.
10:16 EDTJCPJ.C. Penney rises after analyst predicts more store closures coming
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07:37 EDTJCPJ.C. Penney recommneded as a Long Trade Idea at JPMorgan
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August 21, 2014
10:35 EDTJCPSears falls after reporting Q2 loss that more than doubled analyst projections
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10:22 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD VHC ACHN JCP WB JD YPF
August 20, 2014
11:42 EDTJCPOptions with decreasing implied volatility
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05:51 EDTJCPStocks with implied volatility movement; JCP VHC
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August 19, 2014
10:42 EDTJCPOptions with decreasing implied volatility
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August 18, 2014
11:57 EDTJCPStocks with call strike movement; JCP GPRO
J.C. Penney (JCP) November 11 call option implied volatility decreased 4% to 43, GoPro (GPRO) January 48 call option implied volatility decreased 8% to 45 according to IVolatility.

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