J C Penney Company Inc
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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.
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Stocks rallied for a second day Thursday as traders found cause for optimism and technology stocks blazed the trail.
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You should, too. Cramer offers his top picks for the sector.
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Stocks bounced back from a weak open after a better-than-expected report on manufacturing.
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Stocks bounced back from a weak open after a better-than-expected report on manufacturing.
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Retailer J.C. Penney reported a 50 percent drop in quarterly profit Thursday as weak demand forced it to cut prices to clear unsold merchandise, but the results were better than Wall Street expected.
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1) UBS is pounding the table on oil: It upgraded oil to $115 for 2008, $120 for 2009, and intitiates coverage of the offshore drilling sector, with buy ratings on Atwood, Diamond Offshore, Ensco, Noble, Rowan, and Transocean. Here are the reasons...
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Wall Street's bulls are still running but they are no thundering herd heading into Thursday's market, which promises to be ruled by the economic data du jour, and the rise and fall of the price of a barrel of oil.
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Retailer Macy's reported a quarterly loss Wednesday as a difficult retail environment hurt sales and it incurred costs from a restructuring.
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Stocks started the week off higher, led by financials and technology stocks. RIMM and MBIA rose, while HP declined.
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Stocks started the week off higher as the dollar rose to a two-month high and oil receded. MBIA bounced despite reporting an astouding quarterly loss.
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Wall Street is increasingly worried that bubbling over oil prices will scald the economy and the stock market. That's just one concern for traders in the week ahead which also has inflation data, retail sales and housing numbers. There are also earnings reports, TV networks' upfronts for advertisers, and plenty of Fed, Fed, Fed.
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If energy and food prices continue to surge, consumers aren't going to be able to keep up, which would have a huge impact on the economy -- and stocks. Still, the market doesn't seem worried.
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Well, there is at least one stock worth keeping. Find out which company Cramer blessed.
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L.L. Cool J put it best: “Don’t call it a comeback!” While the 80s/90s rapper is far from a retail analyst (he does have his only clothing line though), the idea best describes what I took away from same store sales results for the month of April.
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Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.
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Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.
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As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.
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Stocks declined as soaring oil prices triggered concerns about inflation and consumer spending.
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Ahead of same-store sales Thursday, we can’t help but wonder if those stimulus checks mean better times are on the horizon for retail?
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Big US retailers are expected to show a slight improvement in April sales on Wednesday, but Wall Street still expects signs of weakness.