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Stock Market & Financial Investment News

News Breaks
March 11, 2014
10:03 EDTJCPJ.C. Penney advances after Citi ups to Buy, Opco still cautious
Shares of troubled retailer J.C. Penney (JCP) are climbing after Citigroup upgraded the stock in a note to investors earlier today. However, research firm Oppenheimer expressed caution about the company's outlook in a separate note to investors earlier today. BULLISH TAKE: J.C. Penney's comparative store sales can continue to rise by around 5%, in-line with its guidance, as the company eliminates inappropriate merchandise, focuses on private label products, and fixes its home stores and kids offerings, wrote Citigroup analyst Oliver Chen. If the retailer is able to meet its first quarter and fiscal 2014 guidance, investors will become more confident in the name, Chen forecast. Moreover, fears about J.C. Penney's liquidity - which Chen views as overdone - are holding back the stock, he contended. At the end of this year, J.C. Penney should have about $2B in liquidity, he predicted. Chen upgraded the shares to Buy from Neutral, and hiked his price target on the shares to $11 from $7.50. BEARISH TAKE: Much more pessimistic on the company's outlook was Oppenheimer analyst Brian Nagel. Profitability is "still a ways off for" J.C. Penney, and the company is unlikely to significantly recover anytime soon, the analyst contended. Mid-tier retailers are having a difficult time, while the company is facing more difficult comparisons going forward, according to Nagel, who expects the company to report an FY14 loss per share of $3.00, versus the consensus outlook of a $2.89 per share loss. He kept a Perform rating on the shares. PRICE ACTION: In early trading, J.C. Penney jumped 60c, or 7.1%, to $9.03.
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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