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Stock Market & Financial Investment News

News For MSO;JCP;M From The Last 14 Days
Check below for free stories on MSO;JCP;M the last two weeks.
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May 16, 2013
13:52 EDTJCPJ.C. Penny May 19 straddle priced for 8% move into Q1
11:40 EDTJCPStocks with call strike movement; FSLR JCP
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08:00 EDTJCPJ.C. Penney shares more expensive than they look, says Wells Fargo
Although J.C. Penney's market cap is $4.2B, its enterprise value, including its net debt, is $7.4B, according to Wells Fargo. That is very similar to 2010 levels, when the retailer's EPS was $1.38, according to the firm. Wells notes that the stock would be trading at 15.1 times earnings even if the company generates $1.26 in EPS sometime in the future, and it keeps an Underperform rating on the shares.
May 15, 2013
16:24 EDTMOn The Fly: Closing Wrap
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15:34 EDTMMacy's price target raised to $54 from $46 at Credit Suisse
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12:28 EDTMOn The Fly: Midday Wrap
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11:45 EDTJCPStocks with call strike movement; JCP BBY
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11:11 EDTMMacy's sees Q2 sales down less than previously thought
Although Macy's sees Q2 sales down sequentially, the company now sees less of a difference than previously thought. On the Q1 earnings call the CFO said, "I would add though that while we still expect Q2 sales to fall below that in Q1, we now expect the spread between the first and second quarters to be by less than the 200-300 basis points we had mentioned in February. We believe we will get a benefit in the second quarter as the weather finally begins to get warmer."
09:23 EDTMMacy's hits a new life high after results, levels to watch
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09:19 EDTMOn The Fly: Pre-market Movers
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08:48 EDTJCPJ.C. Penney recommended at Buckingham
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08:05 EDTMMacy's affirms view of FY13 EPS $3.90-$3.95, consensus $3.92
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08:04 EDTMMacy's raises dividend to 25c from 20c, ups buyback authorization by $1.5B
Macy’s board of directors has authorized an increase in the quarterly dividend on Macy's common stock to 25c per share from the current 20c per share. The new dividend will be payable July 1 to shareholders of record at the close of business on June 14. The board also has increased the company’s share repurchase authorization by $1.5B. This brings the remaining authorization outstanding, as of the end of the first quarter on May 4, after giving effect to this increase, to approximately $2.6B.
08:01 EDTMMacy's reports Q1 EPS 55c, consensus 53c
Reports Q1 revenue $6.39B, consensus $6.39B. Reports Q1 comparable sales up 3.8%.
05:56 EDTJCPJ.C. Penney board supporting new CEO, not Ackman, NY Post reports
Bill Ackman has lost influence over J.C. Penney's (JCP) board after failing to quickly replace the company's new CEO Mike Ullman, New York Post reports, citing sources. Ackman approached a number of candidates about the position, including Foot Locker (FL) CEO Ken Hicks, but the board was not interested, the paper adds. Reference Link
May 14, 2013
16:24 EDTJCPJ.C. Penney real estate appraised at $4.06B, Reuters says
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15:30 EDTMNotable companies reporting before tomorrow's open
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15:29 EDTJCPJ.C. Penney stores, real estate appraised at $4.06B, Reuters reports
15:24 EDTMMacy May 47 straddle priced for 3.7% move into Q1
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15:13 EDTJCPJ.C. Penny May 19 straddle priced for 8.5% move into Q1
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