Macy's (M) is awaiting a ruling today in the Martha Stewart case. The company already hit a new 52-week high yesterday when a judge refused to throw out the chain's case against the domestic diva. On the table now, whether JC Penney (JCP) should be blocked temporarily from selling some of Martha's wares. The products were expected to be shipped to stores this spring. Macy's shares are up more than 3% just this week, as the trial unfolds. By the way, as for Penney, the company is now trying to raise $1-billion in cash so it can rebuild rather than go bankrupt. One scenario has it selling a stake to private equity.
Next is Harris Corp (HRS), which plummeted after the closing bell yesterday, saying it's hurting from the sequester. Harris makes wireless network transmission equipment. The company says it's being forced to lay off workers and cut expenses because key orders have been pushed back by the spending cuts. Harris has really been left behind in this year's market boom. At lastRead More »from Stocks to Watch: Macy’s Awaits Martha Ruling, Eli Lilly Layoffs, Chipotle Causing Heartburn