JCPenney Same-Store Sales Sink: 6 Stocks in 60 Seconds

Check out this video recap of recent stock headlines

   

The S&P 500 and Dow Jones Industrial Average both closed at all-time highs yesterday. For investors in the S&P 500 ETF (NYSE:SPY), that means 14% year-to-date gains, along with a 19% return over the past 52 weeks.

JCPenney (NYSE:JCP) — which has been running a campaign apologizing to customers for its many missteps — posted a 17% drop in same-store sales for Q1. Coincidentally, that’s how much JCP shares have shed year-to-date.

Next up, Microsoft (NASDAQ:MSFT) announced it would be redesigning Windows 8 — bringing the start button back, for one — after many users found the new software confusing. Many, as in the Financial Times article seen above, are calling it one of the biggest brand failures since “New Coke.”

Arena Pharmaceuticals (NASDAQ:ARNA) gained nearly 11% yesterday on news that its Belviq weight-loss drug received a required designation by the U.S. Drug Enforcement Administration.

Toyota (NYSE:TM), the world’s biggest carmaker, reported a twice-as-large profit in the most recent quarter, while forecasting that its full-year profit and and sales will climb to their highest point in six years. The main reason for the good news: the weakening yen. Shares of Toyota have improved by about 24% YTD.

Last up, Groupon (NASDAQ:GRPN) reports earnings after the bell today. Investors will be watching closely, as it has a history of stumbling big-time during quarterly reports. Today, though, it’s expected to report a small gain in sales and profit.

Check out past “6 Stocks in 60 Seconds” clips here.

For more videos — including exclusive access to full-length interviews and early access to weekly updates  like us on Facebook or follow us on Twitter. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler.


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/jcpenney-same-store-sales-sink-6-stocks-in-60-seconds/.

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