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
Kohl's Corp. rose$. 21 or. 4 percent, to $48.38. Macy's Inc. rose$. 25 or. 5 percent, to $47.13. Nordstrom fell$. 15 or. 2 percent, to $60.34.
The rally in many of the most heavily shorted names is causing a "worst nightmare" situation for bearish investors and hedge funds alike, said Cramer.
This market is not being kind to shorts. In fact they're getting buried, according to research done by Paul Hickey of Bespoke Investment Group.
Kohl's Corp. fell$. 73 or 1.5 percent, to $48.17. Macy's Inc. fell$. 35 or. 7 percent, to $46.88. Nordstrom rose $1.32 or 2.2 percent, to $60.49.
JC Penney is catching a bounce, up 25 percent since Ron Johnson stepped down as CEO. Richard Ross, Auerback Grayson, offers insight.
Kohl's Corp. fell$. 57 or 1.2 percent, to $48.33. Macy's Inc. fell$. 38 or. 8 percent, to $46.85. Nordstrom rose$. 76 or 1.3 percent, to $59.93.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 5.6 percent to $4.17 with 36,266,100 shares traded. Annaly Mortgage Management Inc. fell 3.1 percent to $14.59 with 13,332,300 shares traded.
Take a look at some of Monday's midday movers:
It's good to remember that some turnarounds have happy endings. For retailer Gap, the current outcome is a positive one as investors are again falling into the Gap.
Kohl's Corp. fell$. 35 or. 7 percent, to $48.55. Macy's Inc. fell$. 59 or 1.2 percent, to $46.64. Nordstrom rose$. 15 or. 3 percent, to $59.32.
NEW YORK, May 10- With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage "Sell in May and Go Away" is starting to look weak. "Instead of' Sell in May and Go Away,' we may be setting up for a surprise May rally," said Ryan Detrick, senior technical analyst at Schaeffer's Investment Research in Cincinnati, Ohio.
Kohl's Corp. rose$. 69 or 1.4 percent, to $48.90. Macy's Inc. rose$. 78 or 1.7 percent, to $47.23. Nordstrom rose$. 68 or 1.2 percent, to $59.17.
JC Penney's competitors stand to see gains, Tom Stemberg of the Highland Consumer Fund says.
NEW YORK-- Standard& Poor's Ratings Services said Friday that it assigned a "B" junk-grade status rating to J.C. Penney's new $1.75 billion term loan. J.C. Penney, based in Plano, Texas, has been struggling with weak sales for some time and recent efforts to revitalize the retailer flopped.
Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
Citi analyst Deborah Weinswig said Friday now that J.C. Penney Co. has a new loan in place, it can address some of its more pressing problems. THE OPINION: J.C. Penney, which has been struggling with years of weak sales and major shifts in management and direction, is expected to report its first-quarter results next week.
WASHINGTON _ Commerce Department releases retail sales data for April, 8:30 a.m. Eastern; Commerce Department releases business inventories data for March, 10 a.m..
Kohl's Corp. rose$. 08 or. 2 percent, to $48.29. Macy's Inc. rose$. 61 or 1.3 percent, to $47.06. Saks rose$. 08 or. 7 percent, to $11.85.
Kohl's Corp. rose$. 27 or. 6 percent, to $48.48. Macy's Inc. rose$. 48 or 1.0 percent, to $46.93. Nordstrom rose$. 51 or. 9 percent, to $59.00.