UPDATE: Baird Downgrades J. C. Penney (JCP) to Neutral, PT to $5 Following 1Q Report; 'Industry Disruption Neutralizing Company-Specific Drivers'

J. C. Penney (JCP) PT Lowered to $4 at UBS; 'Negative Trends at Core, Very Tough Path to Hit '17 Guidance'

UBS lowered its price target on J. C. Penney (NYSE: JCP) to $4.00 (from $5.00) while maintaining a Sell rating, following the company's first quarter earnings report.

Analyst Michael Binetti notes the company is dealing with negative core trends and a difficult retail environment, making 2017 guidance... More

J. C. Penney (JCP) PT Lowered to $6 at BMO Capital Following 1Q

BMO Capital lowered its price target on J. C. Penney (NYSE: JCP) to $6.00 (from $8.00) while maintaining a Market Perform rating.... More

J. C. Penney (JCP) PT Lowered to $4.50 at Citi

Citi lowered its price target on J. C. Penney (NYSE: JCP) to $4.50 (from $6.50) while maintaining a Neutral rating.

Deutsche Bank Downgrades J. C. Penney (JCP) to Hold

Deutsche Bank downgraded J. C. Penney (NYSE: JCP) from Buy to Hold with a price target of $5.50 (from $9.00).

Analyst Paul Trussell said their their thesis of sustainable outperformance vs. the peer group has not transpired.

The analyst said they remain comfortable with... More

Tepper's Appaloosa 13F Shows New Stake in Bank of America (BAC), Increase in GM (GM), Arcelor Mittal (MT), Southwest Airlines (LUV), (More...)

David Tepper's Appaloosa Management released its 13F for the quarter ended March 31, 2017. Below is a summary:

New Stakes
AK STEEL HOLDING CORP. (NYSE: AKS) new 534,327 share position
Bank of America Corp (NYSE: BAC) new 8,782,641 share position
CBS Corp. (NYSE: CBS) new 1,044,381 share position
CHARTER COMM-A (NASDAQ: CHTR) new 129,784 share position
Nucor Corp. (NYSE: NUE) new 542,714 share position
Snap (NYSE: SNAP) new 100,000 share position
S&P DEP RECEIPTS (NYSE: SPY) (CALL) new... More

Saks owner Hudson's Bay shares drop on disappointing sales data

TORONTO (Reuters) - Shares of Hudson's Bay Co (NYSE: HBC), the owner of luxury department store chain Saks Fifth Avenue, slumped more than 6 percent on Friday after the retailer reported disappointing quarterly same-store sales.

The department store operator joined Macy's Inc (NYSE: M), Nordstrom Inc (NYSE:... More

Popular options with increasing unusual volume

Popular options with increasing unusual volume: JCP JWN M WYNN W HAIN NVDA CSCO CA VRX AMZN

Pre-Open Movers 05/12: (TTD) (FNJN) (CA) Higher; (AKTX) (VJET) (W) Lower (more...)

Today's Pre-Open Movers

The Trade Desk, Inc. (NASDAQ: TTD) 21.3% HIGHER; reported Q1 EPS of $0.18, versus $0.09 reported last year. Revenue for the quarter came in at $53.4 million versus the consensus estimate of $43.3 million.

Akari Therapeutcis (NASDAQ: AKTX) 17.2%... More

U.S. retail sales rise broadly; consumer prices rebound

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. retail sales increased broadly in April while consumer prices rebounded, pointing to a pickup in economic growth and a gradual rise in inflation that could keep the Federal Reserve on track to raise interest rates next month.

The reports on Friday added to labor market data in suggesting the near stall in economic activity in the first quarter was an anomaly. But a moderation in year-on-year inflation led financial markets to dial down expectations of at least two more rate increases this year.

"The economy... More

Wall Street falls, department stores take a drubbing

By Noel Randewich

(Reuters) - Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom (NYSE: JWN) and other department stores.

Risk-averse sentiment gripped Wall Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay Trump's pro-growth goals to cut taxes and boost spending on infrastructure.

Soft retail sales and monthly inflation data on Friday raised concerns about slow economic growth and questions about whether the Federal Reserve could maintain its hawkish... More

J.C. Penney (JCP) Tops Q1 EPS by 27c, Comps Decline 3.5%; Reaffirms FY Guidance

J.C. Penney (NYSE: JCP) reported Q1 EPS of $0.06, $0.27 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.77 billion.

Comparable store sales were (3.5) % for the quarter.

Outlook

The Company reaffirmed its... More

Stocks with Implied Volatility Movement

J.C. Penney (NYSE: JCP) implied volatility has had increased movement

Europe, emerging markets boost stocks; U.S. assets fall on data

By Dion Rabouin

NEW YORK (Reuters) - A measure of stock markets around the globe edged up on Friday led by European and emerging market equities while underwhelming U.S. retail sales data pushed U.S. Treasury yields and the dollar lower.

MSCI's gauge of stock markets around the globe rose 0.12 percent for the day and 0.094 percent for the week, the fourth straight weekly increase.

The U.S. benchmark S&P 500 stock index and the Dow edged lower as tepid economic data weighed on banks and worries deepened over Nordstrom Inc (NYSE:... More

J.C. Penney (JCP) call put ratio 1 call to 1.6 puts into Q1 EPS

J.C. Penney (NYSE: JCP) May weekly 5.50 straddle priced for movement of 13% into Q1 EPS

J.C. Penney (JCP) call put ratio 1.66 calls to 1 put into Q1 EPS

J.C. Penney (NYSE: JCP) 30-day call option implied volatility of 85 compares to volatility of 58 from a month ago into Q1 EPS

J.C. Penny (JCP) May weekly volatility increase to 294 as shares pullback into Q1 EPS

J.C. Penney (NYSE: JCP) May weekly call option implied volatility is at 294, May is at 139, June is at 81; compared to its 52-week range of 39 to 79 into the expected release of Q1 results on May 12.

J.C. Penny (JCP) May weekly volatility elevated at 234 into Q1 EPS and outlook

J.C. Penney (NYSE: JCP) May weekly call option implied volatility is at 234, May is at 129, June is at 78; compared to its 52-week range of 39 to 79 into the expected release of Q1 results on May 12.

J.C. Penney (JCP) Trades Lower in Sympathy with Macy's (M)

Macy's (NYSE: M) peers were in focus Thursday as shares slipped 9.6% pre-market following the release of Q1 results that disappointed some investors. J.C. Penney (NYSE: JCP), which reports Q1 results tomorrow, traded lower by 4.5%.

Wall Street slides as investors fret about retail

By Noel Randewich

(Reuters) - U.S. stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.

Macy's (NYSE: M) dismal quarterly performance sent its shares tumbling 17 percent, taking a toll on the consumer discretionary sector , which fell 0.59 percent.

Kohl's (NYSE: KSS) dropped 7.86 percent after it reported a drop in quarterly sales, while shares of Nordstrom (NYSE:... More

Kohl's profit beats on lower costs, leaner inventory levels

(Reuters) - Department store operator Kohl's Corp (NYSE: KSS) reported a better-than-expected quarterly profit, helped by lower costs and a leaner inventory amid a tough retail environment in the United States.

Kohl's sales and comparable-store sales both fell for the fifth straight quarter and missed analysts estimates in the latest three-month period ended April 29.

Stocks with Implied Volatility Movement

J.C. Penney (NYSE: JCP) implied volatility has had increased movement