Credit Suisse upgraded the retailer to "outperform" from "neutral," citing the fact that it will lower prices moving forward.» Read More
Just because a stock is broken doesn’t mean a company is broken. Of course sometimes it does.
*J.C. Penney, other retail shares rally after results. NEW YORK, Feb 27- The S&P 500 closed at a record on Thursday and ended in positive territory for the year after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind recent U.S. economic softness.
J.C. Penney's stock jumped more than 23 percent Thursday, putting it on pace for its best day in more than four decades after its quarterly report.
Stocks rose Thursday, with the S&P 500 ending at a record high.
*J.C. Penney, Best Buy shares rally after results.
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Stocks turn positive, reversing early losses. Fed Chair Yellen says harsh weather has played a role in recently weak data.
NEW YORK, Feb 27- Stocks on world markets edged lower on Thursday, as tension in Ukraine and Russia curbed risk appetite, though Wall Street managed to hold near unchanged as investors tuned in to Fed chair Janet Yellen's testimony in Washington.
*J.C. Penny, Best Buy rally after results. NEW YORK, Feb 27- U.S. stocks were little changed on Thursday as comments from Federal Reserve Chair Janet Yellen failed to provide clarity on the impact of a harsh winter on recent economic weakness, while concerns rose over turmoil in Ukraine.
*Retailers look to rise after J.C. Penny, Best Buy results. NEW YORK, Feb 27- U.S. stock index futures pointed to a slightly lower open on Thursday, with a better-than-expected read on durable goods helping to offset geopolitical uncertainty in Ukraine.
Some of the names on the move ahead of the open.
*J.C. Penney and Best Buy rally in premarket after results. NEW YORK, Feb 27- U.S. stock index futures fell on Thursday, with the S&P 500 poised to recede further from record levels amid political uncertainty in Ukraine and ahead of comments from Federal Reserve Chair Janet Yellen.
*Target and Lowe's rally after results. *J.C. Penney shares jump after the bell. Target Corp and Lowe's Cos Inc shares jumped following upbeat earnings and gave the biggest boosts to the S&P 500. An S&P 500 retail index gained more than 1 percent for a second day.
Check out which companies are making headlines after the bell Wednesday:
*Target and Lowe's rally after results. Target Corp and Lowe's Cos Inc shares jumped following upbeat earnings and gave the biggest boosts to the S&P 500. An S&P 500 retail index gained more than 1 percent for a second day.
Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.
JC Penney reported a quarterly loss that was smaller than expected on Wednesday, but revenue trailed analysts' expectations.
'Sadly they've gone from being a leader to a laggard. They've failed to keep up,' said one consultant about JC Penney.
U.S. stock index futures pushed higher on Wednesday ahead of more housing data and several quarterly fourth quarter earnings updates.