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Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
Separate recent announcements by retailer JCPenney and drug store chain Walgreen could give investors a big opportunity, but Cramer said it’s not what you might think.
Stocks rallied Tuesday amid optimism that the Federal Reserve will announce further steps to help the economy following their two-day meeting, but finished off session highs after reports that a German official said there were no plans to use the EU's rescue fund to buy bonds of troubled countries.
Michael Francis headed for the exit today at JCPenney after 9 short months with the company. Seems the "dream team" is showing some cracks. Mr. Francis was responsible for marketing and merchandising, which will now fall under the control of Ron Johnson, CEO.
Take a look at some of Tuesday’s morning movers:
Microsoft unveils a tablet it hopes can rival the iPad; Oracle announces earnings early; a key exec departs JC Penny and Carl Icahn gets an ally on the Chesapeake board.
As negative as developments sound for one retailer, they may actually be good, if you're a trader.
Check out which companies are making headlines after the bell Monday:
JC Penney announced the departure of its president Michael Francis and CEO Ron Johnson is taking over responsibility of marketing and merchandising, with CNBC's Herb Greenberg.
Board members come under fire from shareholders all the time over their fiscal responsibilities but now there's a new battle brewing in the boardroom: Social issues like gay rights.
Shares of J.C. Penney are down 33 percent in the last year and down 26 percent since Ron Johnson took over as CEO on Nov. 1, 2011. Will the retail giant make a comeback or will it continue to fall?
It's been a year since Ron Johnson was named CEO of JCPenney. The retailer's shares down 30 percent and the dividend eliminated. I am guessing the champagne might have to stay on ice for another year. Here is to hoping this relationship has put the worst years behind it.
One year ago, Ron Johnson was announced the new CEO of JC Penney, and the stock is down about 26% since. Deborah Weinswig, Citi retail analyst, says wait to see how the stock fares in August when 47% of their product will be new.
The "Mad Money" host details what he calls one of the "greatest retail turnarounds of our era."
We ran out of time on TV but we didn't forget. Following are the Fast Money Final Traders. The gang gives you tomorrow's best trades, right now!
The FMHR traders share their top three trades, including JC Penney, Dollar General and Delta Air Lines. Also, a look at whether Apple stock has additional upside potential.
If you’re among the throngs of investors running for the exits after the lousy jobs number, hedge fund manager Whitney Tilson thinks you’ve got it all wrong.
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
Even as hedge fund manager Bill Ackman continues to trumpet that he believes that JCPenney has the right strategy to turn its business around, reports are circulating that the retailer may be backing off its pricing strategy.