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Stocks to Watch: JCP, RL, JWN & More

Take a look at some of Friday's morning movers:

J.C. Penney - The retailer reported a second quarter loss of $0.37 per share, wider than estimates of a $0.25 per share loss. Penney also says it won't achieve its previous 2012 earnings guidance. CEO Ron Johnson, however, says the company's transformation is on track, but warns that it will take time.

Ralph Lauren - The apparel maker has added an additional $500 million to its stock buyback program, on top of the $277 million in authorizations still available under a prior plan.

Nordstrom - Nordstrom earned $0.75 per share for the second quarter, a penny above estimates, with revenues essentially in line. The retailer did raise its profit and sales forecast for 2012, as results at its lower-priced Rack chain improve.

Nvidia - The company earned $0.27 per share for the second quarter, well above Street estimates of $0.14. The graphics chipmaker also gave current quarter revenue guidance that exceeds analyst forecast, on upbeat sales of its new graphics processor as well as its increasing share of the mobile chip market.

Yahoo - As new CEO Marissa Mayer reconsiders the company’s current business strategy, an SEC filing says Yahoo is rethinking a plan to return to shareholders the cash generated from a deal to sell its stake in Chinese internet company Alibaba. The stock has now been downgraded to "neutral" from "buy" at Bank of America/Merrill Lynch.

Dunkin’ Brands - The Dunkin' Donuts parent will sell 21 million shares in a secondary stock offering, while at the same time, announcing a 15 million share buyback program.

Ubiquiti Networks - Ubiquiti is forecasting fiscal fourth quarter profit of $0.14 to $0.17 per share, well below Street estimates of $0.29. The wireless equipment maker says sales in Latin American markets are being hurt by counterfeit products.

Monster Beverage - The beverage maker says it’s received a subpoena from a state attorney general regarding a probe into the advertising, marketing, and ingredients of its Monster Energy drinks. Monster says it does not know whether the probe will lead to any action, nor whether it will have a material effect on financial results or operations.

Chesapeake Energy - Chesapeake says it’s the subject of U.S. antitrust investigation. The company says the probe involves possible criminal charges related to the purchase and lease of Michigan oil and gas properties.

Apple - Apple has reportedly been quietly matching discounted prices from mobile carriers and retailers for its iPhone 4 and iPhone 4s models. Officially, Apple is still maintaining its standard contract pricing for the devices.

Manchester United makes its debut todayon the New York Stock Exchange under the ticker symbol "MANU," after pricing its IPO at $14 per share, below the expected range of $16 to $20 per share. The soccer team becomes the first sports team to list in the U.S. since baseball’s Cleveland Indians in 1998. The Indians returned to private ownership a year later.

Electronic Arts , Activision Blizzard - NPD reports videogame industry sales fell 20 percent in July compared to a year earlier. That's the eighth-consecutive monthly sales drop for the industry.

Goldman Sachs - Goldman won’t face criminal charges for statements it made to clients during the financial crisis about bets related to the subprime housing market. The Justice Department says there’s no viable basis to bring a criminal prosecution. The news follows a similar decision from the SEC.

Research In Motion - IBM is said to be interested in the BlackBerry maker’s enterprise services unit. IBM has made an informal approach about a possible sale, according to Bloomberg News.

Nike’s - The company's bid to sell its Cole Haan unit has reportedly attracted interest from private equity firms TPG and Apax Partners, among others. Reuters reports the unit could sell for around $500 million.

Big Lots - JPMorgan Chase has downgraded the retailer's shares to "underweight" from "neutral."

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC's Senior Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.