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

by Alyssa Oursler | May 8, 2013 9:45 am

The S&P 500 and Dow Jones Industrial Average both closed at all-time highs[1] yesterday. For investors in the S&P 500 ETF (NYSE:SPY[2]), that means 14% year-to-date gains, along with a 19% return over the past 52 weeks.

JCPenney (NYSE:JCP[3]) — which has been running a campaign apologizing to customers for its many missteps[4] — 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[5]) 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.”[6]

Arena Pharmaceuticals (NASDAQ:ARNA[7]) gained nearly 11% yesterday on news that its Belviq weight-loss drug[8] received a required designation by the U.S. Drug Enforcement Administration.

Toyota (NYSE:TM[9]), the world’s biggest carmaker[10], 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[11]. Shares of Toyota have improved by about 24% YTD.

Last up, Groupon (NASDAQ:GRPN[12]) reports earnings after the bell today. Investors will be watching closely, as it has a history of stumbling big-time during quarterly reports[13]. Today, though, it’s expected to report a small gain in sales and profit.

Check out past “6 Stocks in 60 Seconds” clips here.[14]

For more videos — including exclusive access to full-length interviews and early access to weekly updates  like us on Facebook[15] or follow us on Twitter[16]. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler[17].

Endnotes:
  1. closed at all-time highs: http://investorplace.com/2013/05/sp-500-the-dow-stay-the-trend-till-it-ends/
  2. SPY: http://studio-5.financialcontent.com/investplace/quote?Symbol=SPY
  3. JCP: http://studio-5.financialcontent.com/investplace/quote?Symbol=JCP
  4. apologizing to customers for its many missteps: http://investorplace.com/2013/05/jcpenney-begs-forgiveness-in-tv-ad-apology/
  5. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  6. biggest brand failures since “New Coke.”: http://investorplace.com/2013/05/microsoft-will-survive-its-new-coke-moment-msft/
  7. ARNA: http://studio-5.financialcontent.com/investplace/quote?Symbol=ARNA
  8. Belviq weight-loss drug: http://investorplace.com/2013/05/belviq-is-not-the-next-fen-phen-probably/
  9. TM: http://studio-5.financialcontent.com/investplace/quote?Symbol=TM
  10. the world’s biggest carmaker: http://investorplace.com/2013/04/who-the-heck-can-overtake-toyota/
  11. the weakening yen: http://slant.investorplace.com/2013/01/is-shorting-the-yen-still-a-sure-thing/
  12. GRPN: http://studio-5.financialcontent.com/investplace/quote?Symbol=GRPN
  13. stumbling big-time during quarterly reports: http://investorplace.com/2013/05/can-groupon-get-its-numbers-on-track/
  14. Check out past “6 Stocks in 60 Seconds” clips here.: http://investorplace.com/hot-topics/6-stocks-in-60-seconds/
  15. like us on Facebook: http://www.facebook.com/investorplace
  16. follow us on Twitter: https://twitter.com/InvestorPlace
  17. @alyssaoursler: https://twitter.com/alyssaoursler

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