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.
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.
Take a look at some of Friday's midday movers:
Risk management is still no science. Is it not ironic that JP Morgan Chase announced a $2 billion hedging loss in the chief investment office, which is designed to hedge risk for the entire organization. There may be more. They re-hedged synthetic credit exposure (credit default swaps?) designed to hedge its corporate credit risk. Not a successful strategy. It isn't working.
Stocks faded in the final minutes of trading to close mixed Thursday, but the Dow still managed to snap a six-day losing streak. Still, investors continued to be cautious amid ongoing uncertainty in the euro zone and techs dragged following Cisco's disappointing outlook.
Joel Greenblatt of Gotham Asset Management literally wrote the book on value investing. And on Halftime he revealed 5 stocks he considers undervalued.
U.S. stock index futures advanced Thursday, following the weekly jobless claims report that came in slightly better than expected, but investors continued to worry over the ongoing euro zone debt crisis.
Take a look at some of Thursday's morning movers:
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."
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.
UBS has a ‘Buy’ rating on only one department store. Know which it is?
Retailers from discounter Target to department-store chain Macy's reported better-than-expected sales in March in the latest sign that Americans are feeling better about the economy.
March retail sales strong: March same-store sales up 3.9 percent, well above estimates of 3.3 percent, according to RetailMetrics. Now for the bad news...
Retail sales for warm-weather products are expected to be stronger than normal in March, the big question looms: are the early sales — combined with an earlier Easter — just pulling demand forward, stealing from April to give to March?
What should you make of Danaher and Starbucks as these stocks touch new 52-week highs?
JPMorgan is reducing J.C. Penney's F12 same-store sales estimates since sales trends appear softer than anticipated, with the Fast Money traders.
Cramer makes the call on viewers' favorite stocks.
Take a look at some of Friday morning's early movers:
A lot of retailers are going to profit as J.C. Penney continues its turnaround, Morgan Stanley analyst Michelle Clark told CNBC Thursday.