CHICAGO, Sept. 21, 2012 /PRNewswire/ --?Zacks Equity Research?highlights?Allegheny Technologies, Inc.?(ATI) as the Bear of the Day.
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Full analysis of J. C. Penney (JCP): is available at http://at.zacks.com/?id=10501.
Here is a synopsis of J. C. Penney Company (JCP):
Bear of the Day - J. C. Penney (JCP): ??
J. C. Penney Company (JCP) posted a second-quarter 2012 loss of $0.37 per share that fared worse than the earnings of $0.19 in the year-ago quarter and the Zacks Consensus Estimate of loss of $0.24. Following disappointing quarterly results, J. C. Penney hinted that it will not achieve its earlier guidance of $2.16 per share for fiscal 2012. Total revenue also fell 22.6%, whereas comp sales slid 21.7%.
We observe that despite a well-diversified supplier base, J. C. Penney has been struggling against other retail chains. In order to uplift itself and to become America's favorite store, J. C. Penney announced slew of measures, which include new pricing strategy, fresh logo, strategic merchandise initiatives, cost reduction and enhancement of customers shopping experience.
However, the dismal results dashed those hopes at least for the near term. Moreover, an erratic consumer behavior and a sluggish economic recovery still remain matters of concern. Consequently, we downgrade our recommendation on the J. C. Penney stock to Underperform.
Get the full analysis of J. C. Penney Company (JCP) by going to http://at.zacks.com/?id=10501.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks?"Profit from the Pros"?e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=10501.
About Zacks
Zacks.com is a property of?Zacks Investment Research, Inc., which was formed in 1978 by?Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the?Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at?http://at.zacks.com/?id=10501.
Visit?http://www.zacks.com/performance?for information about the performance numbers displayed in this press release.
Follow us on Twitter:??http://twitter.com/zacksresearch
Join us on Facebook:??http://www.facebook.com/ZacksInvestmentResearch
Watch us on YouTube: http://www.youtube.com/user/ZacksInvestmentNews
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
chia seeds embers shannon brown mike rowe shld 2012 sec football schedule medifast
No comments:
Post a Comment