|Bid||0.00 x 1300|
|Ask||0.00 x 21500|
|Day's Range||1.3000 - 1.4000|
|52 Week Range||0.9200 - 4.7500|
|Beta (3Y Monthly)||1.83|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.40|
A New York City start-up says its luxury pillow can lead to better skin and healthier hair. Discovery NIGHT founder & CEO Kalle Simpson breaks it down to Yahoo Finance's Julie Hyman, Adam Shapiro, and Brian Cheung.
JCpenney announced its quitting the appliance business after bringing it back just three years ago. Yahoo Finance's Jen Rogers, Myles Udland, Andy Serwer and Brian Sozzi discuss the news and more.
Rating Action: Moody's affirms five classes of WFCM 2015- C27. Global Credit Research- 15 Feb 2019. Approximately $762.9 million of structured securities affected.
PLANO, Texas, Feb. 14, 2019 -- J. C. Penney Company, Inc. (NYSE: JCP) announced today that it will release its fourth quarter and full year 2018 financial results on.
These days, the retail sector is a cut-throat bloodbath. The rise and continued growth of online shopping and omnichannel operations have completely changed the game for the sector. A number of once top brands and stores have closed or filed for bankruptcy. That's not only hurt retail stocks but the retail REITs that own malls and power centers.And it's going to get worse before it gets better.During their latest conference call, one of the top mall REITs -- Simon Property Group (NYSE:SPG) -- warned that, "there are some retailers out there that we're nervous about" and that they "are concerned about a few [retail bankruptcies] that should shake out in the first quarter."InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat's scary is that SPG is one of the top mall REITs around and features malls in so-called prime or "A" markets. These places are dominated by high-incomes, steady home prices, and relative economic stability.If Simon is finally starting to get worried, what does that mean for the mall REITs that don't own such prime assets? These REITs are certainly in big trouble as the shift in retail continues. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? But which retail REITs are in a precarious position? Here are 3 that could see declines and issues in the quarters ahead.Source: Shutterstock CBL & Associates (CBL)The recession could have been the first punch to CBL & Associates (NYSE:CBL) that staggered the firm in a big way. After the recession, CBL's portfolio of Class B malls were some of hardest hit and full of the chain stores that were in the first wave of retail causalities. Because of that, the mall REIT was faced with the difficult task of filing plenty of empty store frontage in a terrible environment. Unfortunately, it wasn't able to do that. Its core audience of shoppers has simply migrated to discounters like Target (NYSE:TGT) or online.And that continues to hurt its bottom line.During CBL's last earnings report, rising vacancy rates and retailer bankruptcies managed to reduce overall rents per square foot by 10.8% for all leases signed in 2018. That caused a big $41.8 million year-over-year decline in the amount cash CBL can pull in from its tenants. That's a big deal as that directly translates into a REIT's Funds from Operations (FFO) metric. And you know what FFO translates into? Dividends.With a 19.6% year-over-year decline in FFO, CBL was forced to cut its dividend payout to investors. This is now the second cut in about year.With more bankruptcies, store closures and lower consumer demand predicted, CBL is one retail REIT to avoid.Source: Shutterstock Washington Prime (WPG)Back in 2014, Simon could see the writing on the wall and spun-out some of its open-air shopping plazas and less than desirable malls as Washington Prime (NYSE:WPG). WPG later bought Glimcher Realty Trust 0- an owner of mostly Class B and some Class A properties. The problem is, WPG is still very much exposed to the pending retail apocalypse.As of September -- when WPG last reported earnings -- Sears (OTCMKTS:SHLDQ) was one of Washington Prime's largest tenants. As are Macy's (NYSE:M) and J C Penney (NYSE:JCP). The trio of struggling retailers makes up around 102 different locations in WPG's malls. WPG has been proactive in filling locations when they come up vacant -- Bon-Ton was another large tenant in its system. That's great, but it may not be enough.Moody's estimates that the department store sector will contract by a further 3.5% in 2019, while the overall number of store closings is set to surge -- with mall staples like the Gap (NYSE:GPS), Children's Place (NASDAQ:PLCE) and now bankrupt Gymboree all planning on closing hundreds of locations. This is exactly the kinds of stores that dot WPG's malls and shopping centers. * 5 Entertainment Stocks That Can Weather a Market Storm With rents falling slightly and FFO metrics being flat, Washington Primes management has stubbornly kept its dividend high. While WPG isn't in as bad of a shape as CBL -- thanks to some of its A properties -- I'm not sure I'd want to own it in the current environment. Especially when there are other retail REITs out there worthy of attention.Source: Ser Amantio di Nicolao via Wikimedia Pennsylvania REIT (PEI)Truth be told, Pennsylvania REIT (NYSE:PEI) or PREIT as it's commonly called is in the best shape of the retail REITs on this list. The mall owner got smart after the recession and started to purge its assets of underperforming malls. Those asset sales and closures helped PREIT get back on a great footing, improve sales per square foot and rents. Heck, even Sears isn't a problem as the REIT only holds four Sear's stores in its portfolio.The problem is, PEI is still operating in the economically sensitive A/B property range.Sales per square foot at PEI's locations now run about $500. That's a marked improvement over just a few years ago. However, when looking at some of Simon's top malls, that number is kind of low. Top A malls in SPG's portfolio typically pull in $1,000 to $1,200 sales per square feet. The point is, you're still dealing with a customer at PEI's locations that could be impacted during the next recession.Secondly, PREIT has looked to towards experiences -- such as LEGO Discovery Centers and Dave & Buster's Arcades -- to fill empty anchor stores. If the economy goes bad, these are the first things consumers will cut. With the economy showing signs of cracking, it's easy to see why PEI stock now has a 9%+ dividend yield.All in all, PREIT isn't bad per se, but certainly does have plenty of risk behind it. Investors may be better suited in less risky REITs with lower yields.Disclosure: At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Retail REITs That Are Still in Big Trouble appeared first on InvestorPlace.
NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Already, 2,187 store closures have been announced by retailers in 2019, according to Coresight Research. Another wave of store closures is expected to hit shopping centers and malls this year with "no light at the end of the tunnel," according to a new research report.
Apple's new retail store leader, Deirdre O’Brien, has some work to do, suggests former long-time store chief Ron Johnson.
Ron Johnson had a rocky time leading J.C. Penney as CEO. Now the former Apple store executive is unsure about J.C. Penney's future.
Rating Action: Moody's affirms eight and downgrades three classes of JPMCC 2013- LC11. Global Credit Research- 08 Feb 2019. Approximately $951 million of structured securities affected.
J C Penney Company Inc NYSE:JCPView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort 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 flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding JCP totaled $3.32 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. JCP credit default swap spreads are rising towards 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.
While no-moat Macy's M and other department store competitors have suffered declining sales, Nordstrom increased revenue from about $10 billion to $16 billion between 2010 and 2018. Nordstrom's full-price and Rack (off-price) stores consistently reported positive same-store sales growth over this period. The company has about 140 full-price stores, nearly all of them in desirable Class A malls (sales per square foot above $500).
The ratings on the 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 rating on the IO class was affirmed based on the credit quality of its referenced classes. Moody's rating action reflects a base expected loss of 3.4% of the current pooled balance, compared to 4.7% at Moody's last review.
J.C. Penney's decision to no longer sell appliances is another red flag tossed for the struggling retailer's doorstep.
After expanding its home department's offerings in 2016, J.C. Penney (NYSE: JCP) announced Wednesday that it will quit selling major appliances at the end of this month. Real estate executives also have their eyes on the company's earnings report later this month to see how many more store closures could be planned.
Why JCPenney Is Pulling Appliances from Its StoresJCPenney to stop selling appliances JCPenney (JCP) will stop selling major appliances at its stores starting at the end of February. The mid-tier department store chain will also reduce its exposure
Smoking Pot Maybe Makes More Sperm, Babies, Says Fertility Study of 662 Men Having trouble conceiving? Relax, smoke a joint. It can’t hurt, and may actually help, says a new study of 1,143 semen samples from 662 men who attended a fertility clinic between 2000 and 2017. Those who admitted using marijuana turned out to […] The post Market Morning: Cannabis On Sperm Count, JCPenney Appliance Axe, Dems Like Beer Tax Cuts appeared first on Market Exclusive.
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J.C. Penney will no longer be selling major appliances, ending its three-year run. The Plano, Texas-based department store chain also says on its company blog that furniture will only be available on its website and store locations in Puerto Rico. The move marks the first major initiative by the company's new CEO Jill Soltau to try to turn around J.C. Penney's business.