Target will hire 70,000 seasonal workers this holiday, Wal-Mart 60,000 and J.C. Penney 35,000.» Read More
Some of the names on the move ahead of the open.
Take a look at some of Thursday's after-hours buzz:
Aug 14- Department store chain J.C. Penney reported stronger- than-expected quarterly same-store sales, bucking a trend of disappointing sales from peers such as Wal-Mart Stores Inc and Macy's Inc.. J.C. Penney's shares were up 3.2 percent in extended trading after the company also reported a much smaller second-quarter loss.
*Putin strikes conciliatory tone on Ukraine. NEW YORK, Aug 14- U.S. stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings.
U.S.stocks closed higher on Thursday at August highs despite subpar economic data around the world, and after conciliatory remarks from Putin.
Aug 14- Department store chain J.C. Penney Company Inc reported a 5 percent rise in quarterly sales, helped by increased demand for household goods, apparel and jewelry. The company said its loss narrowed to $172 million, or 56 cents per share, in the second quarter ended August 2, from $586 million, or $2.66 per share a year earlier.
The stronger-than-expected quarterly results have some analysts convinced that the retailer's turnaround is finally taking hold.
Aug 14- Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business, and the company said heavy discounting was likely to continue into the holiday shopping season.
U.S. stock-index futures traded mixed on Thursday after falling slightly on higher-than-expected jobless claims.
Aug 14- Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.
Stocks have hit an air pocket, floating higher as investors for now look past all the worries of the last couple of weeks.
There's decent economic data, but a number of companies are still not getting much traction. Macy's is a good example of this.
Take a look at some of Wednesday's midday movers:
Macy's reported quarterly earnings that missed analysts' expectations and said the full year would be weaker than expected.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
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