Several companies highlighted strong back-to-school trends in their earnings reports.» Read More
Some of the names on the move ahead of the open.
William Ackman's main fund climbed 25% during the first half of 2014, ranking him as one of the year's top hedge fund industry performers.
JC Penney appealed a New York state court ruling that found it had interfered with a contract between Macy's and Martha Stewart Living Omnimedia.
The contract between shipping companies and unionized West Coast port workers is set to expire Monday at midnight.
Wells Fargo analyst Paul Lejuez said the handbag maker is "attempting something very difficult."
Members of Target's Canada team apologized on YouTube for a series of missteps.
NEW YORK, June 16- JC Penney Co interfered with a contract between Macy's Inc and Martha Stewart Living Omnimedia Inc when it cut a deal to sell a line of the celebrity's home goods, a New York judge ruled on Monday.
Target's recent cash register glitch wouldn't have drummed up nearly as much attention if it had happened to another retailer, experts said.
NEW YORK, June 16- J.C. Penney's pact with Martha Stewart Living Omnimedia to sell a line of home goods interfered with an exclusive deal between the celebrity's company and Macy's, a New York judge ruled on Monday. In his ruling, however, Justice Jeffrey Oing of New York state court limited the damages that Macy's could obtain.
J.C. Penney interfered with Macy's agreement with Martha Stewart Living Omnimedia, a New York judge ruled on Monday.
BOSTON, June 3- William Ackman's Pershing Square Capital Management flagship hedge fund rose 2.9 percent in May, bringing it to a 22.1 percent gain so far this year and putting it ahead of most rivals, according to two investors in the fund.
A stellar 2013 boosted confidence for stockpickers, but hedge funds are suffering their worst start to a year since the financial crisis.
Some of Tuesday's midday movers:
J.C. Penney's high level of debt means it offers "very little value" for investors," Wells Fargo analyst Paul Lejuez said.
No matter how challenged the market may appear, there are always stocks that Cramer thinks are worth owning.
Cramer believes that JCP has finally broken its downward spiral. "It's a turnaround story now," he said. And it's an amazing story.
*J.C. Penney, Nordstrom soar a day after results. NEW YORK, May 16- U.S. stocks ended higher on Friday in a late-day rebound as small-cap names edged up after recent weakness and consumer discretionary shares advanced.
Stocks turned higher in the final hour trading, looking to close out the week on a high note, but major averages were still poised for weekly losses.
*J.C. Penney, Nordstrom soar a day after results. NEW YORK, May 16- U.S. stocks slipped on Friday, trimming some of their earlier declines after some positive earnings, though investors remained wary of lingering weakness in small-cap names.
While analysts commended J.C. Penney's performance, they did so with a bit of reservation.