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Wal-Mart, JC Penney Earnings and 3M is Jim Cramer's New Play

TheStreet

Today marks a big day for retailers in the public eye: JC Penney continues its public turnaround campaign, and it is now forecast to have lower losses than it did a year ago, potentially a sign that the company's turnaround plan is taking hold. However, investors may want to hold off forthose back to school shopping figures, first. Also reporting earnings today is Wal-Mart Stores, and after reeling in $10 billion in e-commerce bucks last year, the company is looking to boost its top line, and shoot past competitors. Finally, Jim Cramer is 'stuck' on 3M -- and he's targeting $155 a share for the stock.