|Bid||1.22 x 900|
|Ask||1.37 x 41800|
|Day's Range||1.3200 - 1.3500|
|52 Week Range||0.9200 - 4.7500|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.40|
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - J.C. Penney Co Inc's sales are falling, its stores are stuck ...
J.C. Penney Co.’s sales are falling, its stores are stuck in malls and the turnaround strategy keeps changing. The series of events is prompting analysts and other industry experts to question whether Penney can avoid the fate of fellow department-store operator Sears Holdings Corp., which filed for bankruptcy and barely staved off liquidation. “Penney is a broken business,” said Mark Cohen, director of retail studies at Columbia Business School.
Tiffany's (TIF) sales and comps for the holiday season decline year over year. Also, management slightly pulls down earnings outlook.
Kohl’s Growth Prospects in 2019(Continued from Prior Part)Majority consensus rates KSS a “hold” Most Wall Street analysts have retained their “hold” ratings for Kohl’s (KSS). Analysts are also on the sidelines for many other department
Sears Has a Shot at Survival Only if Lampert’s Bid Gets ApprovalHearing to take place on February 1 For some time now, Sears Holdings (SHLDQ) has been in the limelight for all the wrong reasons. Sears filed for bankruptcy in October 2018. Ever
Kohl’s Growth Prospects in 2019(Continued from Prior Part)Forward PE multiples On January 16, Kohl’s (KSS) 12-month forward PE ratio was 12.1x. Meanwhile, Nordstrom (JWN), Macy’s (M), and Dillard’s (DDS) have PE ratios of 12.1x, 7.3x, and
Macy's, J.C. Penney, Nordstrom and Kohl's each have given Wall Street a glimpse at how they performed this holiday season. And it doesn't look good.
Editor's Note: The original version of this article misstated the debt of Blue Apron (NYSE:APRN) and was corrected on Jan. 18, 2019. It doesn't matter if times are tough or if they're great, there are still going to be companies that go belly up. A perfect example? Look at 2008 vs. 2018. Just 10 years apart and look at how much has changed. Yet bankruptcy stocks are still popping up all over the map, and there's not much investors can do about it: bankruptcy happens. But that doesn't mean those investors have to get caught up in the beatings. Conversely, it also doesn't mean they need to short these stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In fact, when it comes to bankruptcy stocks, my main instinct is to avoid them at all costs. That's because even though the long-term story is eroding and the vultures are circling, we routinely see these names pop 20%, 30%, 40% and sometimes even more over a few-day stretch. * 7 Stocks to Buy as the Dollar Weakens While not shorting companies that are circling the drain goes against common sense to some extent, I just don't care for the added volatility and elevated risk profiles that these names come with. That said, here are some bankruptcy stocks to keep an eye on. ### Bankruptcy Stocks to Watch: Sears (SHLDQ) Source: Shutterstock Sears Holdings (OTCMKTS:SHLDQ) is the obvious bankruptcy stock for 2019, and it's fitting that this retailer is starting off the list. After years of profit declines, cash flow bleeding and declining sales, Sears is finally going through the bankruptcy process. CEO Eddie Lampert's hedge fund is working toward a deal with Sears to buy up the company in bankruptcy court. The pending deal, which was recently bumped up from $4.4 billion to $5 billion, would be ironic, given that Lampert was the one at the helm when Sears went under in the first place. Perhaps if Lampert hadn't pared off the company's best brands and sold off its best real estate, the retailer would have been on better footing. The errors were obvious when they were occurring, not just in hindsight, but it's unclear whether that would have saved the company or not. So which retailers benefit from a Sears bankruptcy? While in the short-term the retailer's bankruptcy may hurt these companies due to liquidation sales, companies like Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Best Buy (NYSE:BBY) and Monro (NASDAQ:MNRO) should all benefit, among others. ### J.C. Penney (JCP) Source: Shutterstock J.C. Penney (NYSE:JCP) reminds me a lot of Sears, with just a little bit more runway left. Its precarious situation looks more like a "when" not "if" scenario when it comes to the dreaded B-word. Shares are up big over the last week, climbing almost 30% since last Thursday. But don't get too excited. This name has gone from $1.13 per share to just over $1.30. That's not doing much to inspire confidence. With a 52-week low of 92 cents to and a high of $4.75, JCP stock is closer to the wrong side of that one-year range. The company's recent update on its holiday sales and reaffirmation of some of its guidance is uplifting news. But let's be real. Sales have been in decline for three straight years as its footprint is shrinking and over the past five years, JCP has had one year with positive net income. That came in 2017 and JCP turned in just $1 million in profit. JCP isn't completely circling the drain, but with over $4 billion in long-term debt and less than $200 million in the bank, I'm not super optimistic on its future. ### PG&E (PCG) Source: Riccardo Annandale Via Unsplash A lot of people want to see PG&E (NYSE:PCG) go under. Multiple wildfires in Northern California has not only created plenty of negative press for PG&E, but also a lot of liabilities. The share price had gone from $70 in November 2017 to about $17.50 fecently, a 75% haircut -- and that's before news of its pending bankruptcy filing dropped shares further, to around $7. But more alarming has been the performance of its bonds. S&P cut the company's bonds to BBB-, the lowest investment grade rating available. Moody's went a step further, slashing the company's bonds down junk status. The move will force PG&E to post cash collateral and will make borrowing more expensive. While PG&E does have cash coming in, it's got just $430 million in the bank. It's got over $18 billion in long-term debt -- and even worse for investors, this utility doesn't even have a dividend. There are much better choices on the table for investors. ### Blue Apron (APRN) Source: Shutterstock Blue Apron (NYSE:APRN) isn't a name that comes up much when it comes to bankruptcy situations. That's likely because it's a relatively new player in the stock market and its debt situation isn't that bad. But when a stock goes public at $10 and it's under $1 less than 18 months later, there's clearly an issue. While WeightWatchers (NYSE:WTW) threw the company a bone, it's clear that Blue Apron's business model was not a good one. It cost too much to attract new customers and the cash flow bleed was lethal. Lately though, cash flows are trending higher and APRN might be able to avoid a stock-exchange delisting. But a pennies-on-the-dollar acquisition seems more likely to be on the horizon. There's too much competition and too low of margins to imagine APRN surviving on its own over the long term. ### GameStop (GME) Source: Shutterstock Without some change to Apron's business and/or stock price, some type of action seems imminent in 2019. For GameStop (NYSE:GME), that may not be the same case -- at least this year. At the very least though, its dividend could be on the block. The stock currently yields over 9.7%, while free cash flow and operating cash flow continue to dwindle. However, GME's cash flow is not negative, like its net income is. Over the last three years, GME's best year came in fiscal 2016 when it earned $28 million. This year? It lost almost half a billion dollars. To say the situation is worsening is an understatement, as gamers continue to turn to digital downloads and online sales. GME needs to make a move -- reducing its footprint, bringing an entertainment component to its business and only maintaining its profitable locations. Or consider a buyout. Without one, its business is in trouble. ### Barnes & Noble (BKS) Source: Mike Kalasnik via Flickr (modified) It's too bad to see Barnes & Noble (NYSE:BKS) on the decline, because I loved these stores when I was younger. While bookstores could somehow stay around, the e-book/Kindle revolution really ruined business for these guys. And let's be honest, Amazon (NASDAQ:AMZN) also didn't do any favors for retail, in particular BKS. As of the most recent quarter, the company has $11.2 million in cash and $63.7 million in accounts receivable. While it doesn't have any short-term debt, it does have over $621 million in accounts payable. Further, long-term debt sits at $278 million. Despite this seemingly lopsided situation, the company still pays out a dividend. Its yield is near 9.9%, a red flag to be sure. And even though the company turned in one of its best holiday comps in recent memory, management warned on profit, saying it may fall up to 10% year-over-year. It's been years since since BKS turned in an annual income statement without red ink on its net income line. This one's bankruptcy seems inevitable at some point down the road. ### The Container Store (TCS) Source: Shutterstock I'm not trying to pick on retail intentionally, but just too many of these companies are hanging by a thread and need too many things to work out perfectly for them to stick around. The Container Store (NYSE:TCS) is one of them. Obviously after the holiday quarter, TCS will come into some cash as it geared up for the holidays like everyone else. But as of the last quarter, TCS had just $7.2 million in cash with more than $7 million in short-term debt. Worse, it has more than $282 million in long-term debt. That said, the company is on the right side of profitability and actually has positive free cash flow. I just do not like its levered balance sheet, something management needs to correct in 2019. Otherwise, it will need to make some less-than-appealing moves and that may weigh on its stock price even more. The stock is down more than 40% in the last three months to less than than $6 a share. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post 7 Bankruptcy Stocks to Watch in 2019 appeared first on InvestorPlace.
A limit order sets the maximum or minimum at which you're willing to buy or sell. A stop order will be executed only when the stop price is reached.
# J C Penney Company Inc ### NYSE:JCP View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is high * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Negative Short interest is extremely high for JCP with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting JCP. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $5.05 billion over the last one-month into ETFs that hold JCP are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. JCP credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The ratings on the principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The performance expectations for a given variable indicate Moody's forward-looking view of the likely range of performance over the medium term. Performance that falls outside the given range can indicate that the collateral's credit quality is stronger or weaker than Moody's had previously expected.
Nordstrom’s Holiday Sales: Another Department Store DisappointsNordstrom stock downNordstrom (JWN) stock declined about 4% in after-hours trading on January 15 after the company reported weak same-store sales for the holiday period. Nordstrom
JCPenney Hopes Key Executive Appointments Will Lead to TurnaroundNew leadership positionsJCPenney (JCP) stock rose 1.5% on January 15 in reaction to the mid-tier department store chain’s announcement of key executive appointments. JCPenney
Sears Might Survive, Eddie Lampert’s Bid Is SuccessfulEddie Lampert’s bidCiting sources aware of the development, Bloomberg reported that ESL Investments’ Edward Lampert’s $5.2 billion bid for the Sears Holdings (SHLDQ) takeover was
Struggling retailer J.C. Penney Co. announced Tuesday it was filling a couple of executive positions as the company looks to avoid the same fate as bankrupt retailer Sears Holdings Inc. . J.C. Penney said that beginning Jan.
Last time I traded Macy's (NYSE:M) was off the price action before and after the May 2018 earnings reports. I won on two trades. First I went long on a dip to $29 per share which was then support. Then another long bet off the earnings beat that management delivered soon thereafter. Now Macy's stock is in trouble with is a completely different outlook. Today's I will argue against the rush to own the stock even after such a big fall. Before you send me your hate mail, let me explain. My issue is with the the company prospects, not the shorter term stock action. Those who want to trade it for the short term need not be bothered by my comments. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Even though the retail sector had a strong holiday season, somehow Macy's failed to capitalize on a U.S. consumer who is fully employed and on a spending spree. The stock collapsed last week when the company downgraded its own forecast. Since then it has not yet found footing. Usually candles of the size of that one from Jan. 10 are rarely a one day event. Those who tried to catch the falling machete lost some digits. So is now a better time to try and invest in Macy's stock? The short answer is No, there is no hurry yet. * 8 Dividend Stocks With Growth on the Horizon But to elaborate, I'd say that there are better opportunities to risk my money elsewhere -- even within the retail sector. I fail to see the catalyst that would turn Macy's into a must-own undervalued stock. Not after what management just told us. Even if it bounced now, M stock will not rally on its own so. It will need the general markets to be also rallying for it to move. It does happen that out-of-favor stocks can rebound alone, but not when the company basically told us that for the short term things are tough. I'd rather be long markets than risk my money on Macy's. The $29 prior support zone is likely to become forward resistance for months to come. Let me explain the reasons why I think that Macy's stock has a tough slog ahead of it before it becomes a viable long term risk. ### Reasons to Beware Macy's Stock Brick-and-mortar retailers like Macy's have never recovered from the decimation that Amazon (NASDAQ:AMZN) inflicted on them over the past decade. Last summer, experts in the media wrongly assumed that they had figured AMZN out. But I took issue to that then, and this downgrade is proof. Macy's management may be growing their online sales but I argue that it's actually killing them faster. Why? They are not taking back sales that they lost to AMZN, they are merely migrating their own foot traffic online. So in essence they are contributing to making their stores even more obsolete than they currently are. Moreover, bringing the sales online is one thing but doing it profitably is another. AMZN and Walmart (NYSE:WMT) before it both built their empires on thin margins so they are experts at it. M is still a novice and hence is inefficient. Macy's still hasn't figured out how to compete profitably with AMZN online. They are stuck between a brick and a hard place. So something has to change, because whatever they are doing is not yet working. Those take time; hence the non-urgency to invest in it for the long term. Not all retail is the same. Yesterday morning we got more proof from Lululemon (NASDAQ:LULU) that this is not a general retail problem, it's a disaster unfolding in the traditional physical centers like Macy's and JC Penny (NYSE:JCP) to name two. LULU raised its outlook and the stock soared 5.73% on the headline. Macy's and JCP stocks fell -1.34% and -1.52% on the same day. Technically and up until last week, M stock had been performing better than the SPDR S&P Retail ETF (NYSEARCA:XRT). But now it's no longer a contest. Macy's stock is still sliding off last week news. LULU and stocks like Nike (NYSE:NKE) which control their own product lines are by far the most attractive to investors these days. Those two are up 80% and 20% respectively in the past year. I have nothing against Macy's the company. But I truly think that they have a big hole from which to dig out to compete in the new online trend at equal levels with AMZN, and they are doing it with a spoon. The stock could catch a bounce, but there is a good chance it falls closer to $22 per share -- especially if the indices decide to retest the February lows. They need to change their strategy. Meanwhile, the good news is that the long term charts show that price is approaching prior long-term pivot levels and those tend to lend support. So if I am already long Macy's it's probably too late to sell. But I am not in a hurry to buy it or add to a position here. Those who absolutely want to better do partial orders in case I am right about this. Click here and enjoy a free video and more of my market thesis and get an ongoing free copy of my weekly newsletters. Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. Compare Brokers The post Macyas Stock Is Stuck Between Brick-and-Mortar and Cyberspace appeared first on InvestorPlace.
J.C. Penney Co Inc. shares have inched up 0.8% in Tuesday trading after the company named a number of executive appointments. Mike Robbins will become executive vice president of private brands and supply chain starting Jan. 21, responsible for stores, supply chain and sourcing operations. Truett Horne, who is joining from McKinsey & Co., has been appointed chief transformation officer. The department store retailer still has a number of spots to fill, including chief merchant, chief customer officer and chief financial officer. J.C. Penney shares are down nearly 68% over the last year while the S&P 500 index is down 6.5% for the period.
# J C Penney Company Inc ### NYSE:JCP View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is high * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Negative Short interest is extremely high for JCP with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting JCP. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $6.59 billion over the last one-month into ETFs that hold JCP are among the highest of the last year, but the rate of growth is slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. JCP credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Earnings season is upon us. For some, it'll be like Christmas morning. For others, they'll be devastated by poor earnings. In my opinion, the next month and a half will make or break this stock market.
The Plano-based company said that these shifts will include the merging of talents and perspectives from new and existing industry leaders.
PLANO, Texas - (Jan. 14, 2019) - J. C. Penney Company, Inc. (JCP) today announced a series of leadership actions taking place over the next few months that will assemble a cross-functional executive team that merges the talents and perspectives of new and existing industry leaders to focus on the needs of the value-based consumer and position the Company for growth. Beginning Jan. 21, Mike Robbins, executive vice president of private brands and supply chain, will be appointed to executive vice president, chief stores and supply chain officer. Additionally, Truett Horne, currently an associate principal at McKinsey & Company, will join the Company as chief transformation officer, reporting to JCPenney CEO Jill Soltau.