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].

  1. closed at all-time highs:
  2. SPY:
  3. JCP:
  4. apologizing to customers for its many missteps:
  5. MSFT:
  6. biggest brand failures since “New Coke.”:
  7. ARNA:
  8. Belviq weight-loss drug:
  9. TM:
  10. the world’s biggest carmaker:
  11. the weakening yen:
  12. GRPN:
  13. stumbling big-time during quarterly reports:
  14. Check out past “6 Stocks in 60 Seconds” clips here.:
  15. like us on Facebook:
  16. follow us on Twitter:
  17. @alyssaoursler:

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