JC Penney CEO Mike Ullman told shareholders: "I have an enduring affection for J.C. Penney." They appeared to return the favor, at the company's shareholder meeting.» Read More
JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
Check out which companies are making headlines after the bell Thursday:
JC Penney will be out with Q1 results at any moment, with Burt Flickinger, Strategic Resource Group; and Stacey Widlitz, S.W. Retail Advisors.
Stocks ended near session lows Thursday pressured by a handful of weak economic data and as some Fed officials stated their openness to tapering the central bank's bond-buying program in the coming months.
Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.
Kohl's Corp. rose $2.11 or 4.2 percent, to $51.79. Macy's Inc. fell$. 59 or 1.2 percent, to $47.98. Nordstrom rose$. 07 or. 1 percent, to $61.51.
Abhay Desphande, First Eagle, shares some of his favorite Japan equity plays, but warns investors not to try and pick out individual stocks. And the Fast Money traders debate the bull and bear trade on JC Penney.
Kohl's Corp. rose $2.59 or 5.2 percent, to $52.27. Macy's Inc. fell$. 26 or. 5 percent, to $48.31. J.C. Penney Co. fell$. 26 or 1.4 percent, to $18.71.
U.S. stock index futures were flat Thursday as investors digested a handful of weaker-than-expected economic data against upbeat earnings report from Cisco.
Kohl's Corp. rose$. 49 or 1.0 percent, to $49.68. Macy's Inc. rose $1.18 or 2.5 percent, to $48.57. Nordstrom rose$. 20 or. 3 percent, to $61.44.
Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.
JC Penney's real estate is valued at roughly the same as its market cap. Matthew Boss, retail analyst at JPMorgan, weighs in.
Kohl's Corp. rose$. 43 or. 9 percent, to $49.62. Macy's Inc. rose $1.26 or 2.7 percent, to $48.65. Nordstrom rose$. 33 or. 5 percent, to $61.57.
May 15- Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. The retailer, which operates the Macy's and high-end Bloomingdale's chains, said comparable sales rose 3.8 percent in the quarter, a slightly below Wall Street expectations.
Kohl's Corp. fell$. 05 or. 1 percent, to $49.14. Macy's Inc. rose$. 62 or 1.3 percent, to $48.01. Nordstrom rose$. 09 or. 1 percent, to $61.33.
May 15- Macy's Inc reported higher first-quarter profit and sales on Wednesday despite weak demand from some of its customers, and the department store operator raised its quarterly dividend 25 percent.
May 14- North American retailers on Tuesday discussed forging their own Bangladesh safety agreement--an alternative to a legally binding accord that many European retailers have signed on to--though details of any alternative accord were still unclear.
Kohl's Corp. rose $1.02 or 2.1 percent, to $49.19. Macy's Inc. rose$. 51 or 1.1 percent, to $47.39. Nordstrom rose$. 75 or 1.2 percent, to $61.24.
The trade associations collaborating on a possible North American plan include the National Retail Federation, Retail Industry Leaders Association, American Apparel& Footwear Association, United States Association of Importers of Textiles and Apparel, Retail Council of Canada and Canadian Apparel Federation, according to people familiar with the talks.
Kohl's Corp. rose$. 75 or 1.6 percent, to $48.92. Macy's Inc. rose$. 43 or. 9 percent, to $47.31. Nordstrom rose$. 52 or. 9 percent, to $61.01.