Add a very bad week onto what has been a nightmare year for JCP. The stock is down about 22% since the press cited unnamed sources last week that CIT, leasing firm that does vendor …
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JCP has been one of the most hated stocks over the past few years. Easy to hate too, since its stock has languished near 20 year lows: The stock has stabilized, though. Mike Ullman, the …
Continue readingTrade Update May 15, 2013: JCP is up 8% so far this week as the stock rallies ahead of its earnings event tomorrow. My target for the upside was in the 19.50-20 area, which is where …
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JCP is a name we’ve picked on over the past couple weeks for multiple reasons:
Continue readingTrade Update May 3, 2013 10:47 am: JCP has rallied back up to where it traded on Monday, up about 8% in the past 2 days, and I am going to take the trade off for …
Continue readingJCP is down about 10% from its Monday morning high, though it’s still more than a dollar higher than its Thursday close, prior to the Soros news. We liked the idea of getting into a …
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George Soros just announced a 8% passive stake in JCP, and the stock is trading up about 7%. We discussed a potential long position in JCP today, and here were the thoughts we wrote up …
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No major themes in a quiet session, with AAPL the most active name by far. AAPL – Relative underperformer for the umpteenth time. Call to put ratio around 1.5 not signaling excessive bearishness yet. Weekly 440 …
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MorningWord 2/28/13: Bill Ackman is probably one of those guys who thinks it’s good luck when he gets crapped on by a bird overhead. Ackman’s hedge fund Pershing Square is the single largest shareholder in …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC: Macy’s reported better than expected earnings, and increased guidance, sending the stock up more than …
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