|Bid||0.9843 x 900|
|Ask||0.9870 x 1800|
|Day's Range||0.9800 - 1.0196|
|52 Week Range||0.5300 - 1.9200|
|Beta (3Y Monthly)||2.67|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Credit Suisse downgraded Macy's, Gap and L Brands, crediting the pressure trends heading into the holiday season. Yahoo FInance’s Jen Rogers, Brian Sozzi and Emily McCormick discuss on The Final Round.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi dig into the retail sales numbers with Gregory Daco, Chief U.S. Economist at Oxford Economics.
Presidential candidate Bernie Sanders is going after CEOs with huge pay relative to their company’s regular workers. The Vermont senator unveiled a new plan on Monday that proposes to raise taxes on companies with “exorbitant pay gaps” between their executives and workers. Yahoo Finance's Alexis Christoforus and Adriana Belmonte discuss.
The retailer Forever 21 filed for bankruptcy Sunday and revealed that it will close 350 stores around the world. Yahoo Finance's Jennifer Rogers, Brian Sozzi and Sibile Marcellus discuss with Sucharita Kodali, Forrester Research Retail analyst.
Macy’s (M) stock fell 4.2% on October 18 after Credit Suisse downgraded its rating. Credit Suisse downgraded the rating to “underperform” from “neutral.”
A longtime business strategist for Macy’s has joined J.C. Penney as senior vice president, planning and allocation and pricing. J. C. Penney Company, Inc. (NYSE: JCP) said Laurie Wilson, a senior executive with more than 25 years of experience in planning and allocation, merchandise, finance, pricing, operations and strategy, will join the company on Oct. 28. Wilson comes to J.C. Penney from LW Associates, a consulting practice focused on transformative strategies leveraging digital technology for retail and wholesale brands and solution providers, where she served as president and CEO.
The ratings on seven 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. Moody's rating action reflects a base expected loss of 5.5% of the current pooled balance, compared to 3.2% at Moody's last review. Moody's base expected loss plus realized losses is now 4.1% of the original pooled balance, compared to 2.8% at the last review.
Moody's rating action reflects a base expected loss of 3.6% of the current balance, compared to 3.9% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
The ratings on three P&I classes were downgraded primarily due to the continued decline in performance from the Burnsville Center loan, representing 12% of the pool. The Burnsville Center loan matures in July 2020 and the declining performance increases the refinancing risk at its upcoming maturity date. The rating on the interest-only (IO) Class, Cl. X, was downgraded due to a decline in the credit quality of its referenced classes.
Q: With headlines about retailers detailing their general demise, what are the market prospects for cannabis outlets and dispensaries? A: While it is true that prospects seem bleak for the local mall and businesses from Forever 21 to J.C. Penney (NYSE: JCP) and J. Crew, retail is not dead. According to the most recently available figures from the U.S. Census Bureau, estimates of U.S. retail and food services sales for August 2019 (adjusted for seasonal variation and holiday and trading-day differences, but not price changes) increased 0.4% from the previous month, and 4.1% year-over-year above August 2018.
Moody's rating action reflects a base expected loss of 2.2% of the current pooled balance, compared to 0.8% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Rating Action: Moody's affirms seven and downgrades five classes of MSBAM 2013- C11. Global Credit Research- 30 Sep 2019. Approximately $594.9 million of structured securities affected.
Learn about the three simplest ways companies can regain lost market share: pricing changes, promotional changes and product changes.
Moody's rating action reflects a base expected loss of 69.5% of the current pooled balance, compared to 46.5% at Moody's last review. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
En vísperas de Navidad apenas hay emoción en las sedes corporativas de los principales minoristas, debido sobre todo a la prolongada guerra comercial del presidente Donald Trump con China.
New curvy jeans options from American Eagle Outfitters and Abercrombie & Fitch could be music to the ears of investors.
JCPenney (NYSE:JCP) news about the company avoiding bankruptcy has JCP stock up on Friday.Source: Supannee_Hickman / Shutterstock.com According to the recent JCPenney news, the company is starting to talk with its lenders about how it can manage and reduce its debt. This is a vital thing for the company to figure out as it has close to $4 billion in debt coming to term in the next few years.The recent report about the JCPenney news claims that it is looking at signing nondisclosure agreements with bond holders and advisors. This would give these groups better insight into the company's financial situation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat was made apparent by the anonymous sources behind these reports is that a bankruptcy isn't on the table. Instead, the groups are planning to come together and focus on how JCPenney can handle its debts. That will likely require further restructuring, which is what new CEO Jill Soltau is planning to do.JCPenney has been trying to turn its business around and it includes some strange efforts for the retailer. One of these methods is a partnership with thredUP. This is a company that deals with selling used clothes online. * 7 Triple-'F' Rated Stocks to Leave on the Shelf The deal between thredUP and JCPenney has the latter selling used clothes in its stores. It seems like a weird idea for the retailer to start looking more like a thrift shop, but the test is limited to just 30 locations.JCP is up 17% as of Friday afternoon, but is down 29% since the start of the year.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post JCPenney News: Why JCP Stock Is Surging Today appeared first on InvestorPlace.