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J C Penney Company Inc

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  • For the week ending Friday, August 15, 2008,  U.S. major Indices finished mixed, after the markets digested negative results including a surge in CPI, a decline in retail sales, and continued expansion in unemployment claims.  The Nasdaq Composite prevailed amongst the major U.S. indices, as it edged up 1.59% for the week, marking its fifth week of gains.   Nasdaq gains were led by bullish comments on Amazon (AMZN) which gained 7.3% for the week.  The likelihood of the eurozone moving toward recession allowed for a stronger dollar against the euro, continued pressure on oil, and a positive impact on U.S. stocks as a potential safe haven.

  • Choppy Stocks Finish Week Little Changed Friday, 15 Aug 2008 | 4:22 PM ET

    Stocks ended a mundane week mixed, despite modest gains Friday fueled by plunging oil prices that nevertheless couldn't offset a cautionary trading environment.

  • Fast Money Now - Trades for Friday Aug. 15th Friday, 15 Aug 2008 | 1:31 PM ET

    Fast Money now - the trades you need while the market is open!

  • J.C. Penney Profit Fell 36% as Sales Decline Friday, 15 Aug 2008 | 1:19 PM ET
    JC Penney

    J.C. Penney said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.

  • Stocks Give Up Gains as Energy Stocks Fall Friday, 15 Aug 2008 | 10:28 AM ET

    Wall Street shook off more signs of consumer weakness and instead focused on plunging oil prices, sending stocks up as financials continued to gain.

  • Hong Kong Follows Europe On Slow Growth Friday, 15 Aug 2008 | 9:17 AM ET

    Yesterday it was Europe announcing weak economic growth, today it is Hong Kong, where Q2 GDP fell by 1.4 percent quarter-over-quarter. Year-over-year, GDP rose 4.2%, the slowest gain since Q3 2003. Higher costs from China, as well as weaker demand, was the culprit.

  • Market Insider: Friday Look Ahead Thursday, 14 Aug 2008 | 8:58 PM ET

    It's hard to see Friday's markets as anything but volatile after this past week's wild swings. But if there are no out of the ordinary events, traders say the stock market just might quiet down late in the session as investors head off for one of the final weekends of the summer.

  • Betting Big on Wal-Mart Tuesday, 12 Aug 2008 | 9:09 PM ET

    It's not quite the Olympics, but retail earnings this week could also be pretty exciting. Here's why...

  • Will the Olympic games in Beijing (starting tonight on NBC) provide a boost to apparel companies Nike and Polo Ralph Lauren, which are both official sponsors?

  • Market Insider: The Week Ahead Friday, 8 Aug 2008 | 7:02 PM ET

    Stocks could sprint higher into the coming week, as a strengthening dollar and declining commodities prices encourage buyers hoping for a reprieve from inflation.

  • Stocks Have Biggest Week Since April Friday, 8 Aug 2008 | 6:16 PM ET

    Stocks rallied  Friday as a more than $4 a barrel drop in oil prices offset the drag of Fannie Mae's earnings miss.  It's going to be the same story next week: Energy prices. Even if there are disappointments in CPI or Wal-Mart's earnings, investors are expected to overlook them as the drop in gas prices puts more money in consumers' pockets.

  • Quick Market Stats: Week of 8/8 Friday, 8 Aug 2008 | 5:44 PM ET

    All major U.S. Indices ended the week in positive territory, led by a 4.46% gain in the NASDAQ Composite Index. Commodity prices continued to fall broadly across the board, with oil prices tumbling $9.90 this week.

  • "[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.

  • AIG, Wal-Mart Hurt Dow as Oil Tops $120 Thursday, 7 Aug 2008 | 4:50 PM ET

    Stocks ended near session lows as oil ended above $120 a barrel and two Dow components missed the Street's targets.

  • Stocks Pare Losses as Oil Surrenders Gains Thursday, 7 Aug 2008 | 3:48 PM ET

    Stocks pared some losses Thursday afternoon as oil prices flattened out. Putting pressure on stocks today was a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.

  • Trader Radar - Thursday August 7th Thursday, 7 Aug 2008 | 2:30 PM ET

    Q: On Fast Money's trader radar we look at the stock lighting up screens across Wall Street today. This department store chain began 100 years ago as a single store called 'The Golden Rule'...

  • Wal-Mart, AIG Drag on Stocks Thursday, 7 Aug 2008 | 11:11 AM ET

    Stocks opened lower, clipped by a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.  But a better-than-expected report on home sales helped shave a few points off the decline.

  • Retailers Disappoint as Tax Check Money Runs Out Thursday, 7 Aug 2008 | 11:02 AM ET

    Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.

  • Retails Sink As Jobless Claims Rise Thursday, 7 Aug 2008 | 9:31 AM ET

    Futures are down nearly 10 points, not surprising given AIG, a strange but generally disappointing retail sales report, and jobless claims higher than expected.

  • Will Back-To-School Be A Bust? July Sales To Set Tone Wednesday, 6 Aug 2008 | 1:11 PM ET

    Investors will get a glimpse of how much cash-strapped consumers are willing to spend in the key back-to-school shopping season when major U.S. retail chains release July sales results Thursday.