JCPenney was hit with a double whammy today: not only were earnings a huge disappointment after the close, but their competitors are gaining on them.
CNBC's Courtney Reagan reports on the details of JCPenney's big miss on the top and bottom of its earnings, and the company's plans to discontinue its quarterly dividend.
JCPenney reports a loss of $0.25 versus an estimate of $0.11 in Q1's earnings. Paul Swinand, Morningstar analyst and David Abella, Rochdale Investment Management, offer insight.
Ahead of JCPenney earnings, which will be released Tuesday after the bell, top Citi analyst Deborah Weinswig has words of caution for anyone who's short.
Take a look at some of Tuesday's midday movers:
The euro dropped, along with European stocks and U.S. futures, around 9 a.m. ET as Greek leaders announced they had failed to agree on a new government and there would be new elections.
US stock index futures erased their gains to turn negative Tuesday after Greek party leaders failed to agree on a coalition government, trumping earlier euphoria over a batch of better-than-expected economic news.
Get Cramer's earnings expectations for several retailers scheduled to report on Tuesday.
If you’re a trader who plays retail you’ve got a big week ahead.
Get Cramer's earnings expectations for Groupon, Deere, Target and more.
Happy Friday! With a parade of major retailers and some smaller tech firms on tap to post earnings next week, check out what analysts expect and how to trade some of the top companies.
Check out which companies are making headlines after-the-bell Thursday:
April’s weak same-store sales may be due to several seasonal factors, but analysts warn the reports could be a wake-up call for investors to be more selective on the heels of the sector's recent rally.
With the early start of spring and Easter behind us, retail sales have slowed in April, with many retailers falling short of analysts' estimates.
European stocks dropped, the euro rose as European Central Bank chief Mario Draghi spoke. Draghi said that the latest spate of weak economic data highlighted the "prevailing uncertainty."
J.C. Penney has seen some bullish activity recently, and one big investor is betting that a rally may come even sooner as the company reports earnings.
Europe’s economy and changes at J.C. Penney may give the weather blame game competition when retailers release their upcoming sales and earnings reports.
Cramer makes the call on viewers' favorite stocks.
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