U.S. Week Ahead: JCP earnings could surprise to the upside
Friday, May 10, 2013 - 02:13
May 10 - Optimism is growing ahead of J.C.Penney's earnings on Thursday with the number of analysts giving the company a strong buy or buy rating doubling in the last month.
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This may sound crazy that optimism is growing ahead of JC Penney's earnings on Thursday its shares have shot up almost 25%. In the last night after Ron Johnson -- -- down as CEO and replaced by former boss Michael. Well first and foremost he's. Brought back coupons and sales events and a big way there -- door busters from Mother's Day this weekend. He's been very careful about cash and burns or less money then now what's your thought he would in the first quarter. And of course he launched a social media campaign that included and have apologized to a long time shoppers. The number of analysts with a strong buy or a buyer reading on GDP has doubled. And Gilford securities as penny is really -- to quote a more secure foundation. And -- losses might not be as deep as expected. Second opinion from one of our Twitter followers to Robin said JC Penney has a horrible clothing selection. And they need to bring back original buyers. Also on Thursday Wal-Mart and sales earnings it's among the Dow's top five performing stock in the last year of over 30%. Profits look like he'll -- but analysts are worried about the company's performance in the west. Sales are expected to -- after rising 3% a year ago as -- last -- gets squeezed by higher taxes. And sticking with retail we could see a rebound in April sales are experts I fart face sales will grow by three tenths of a percent in April after slipping in March. Winners could be electronics stores. I am part says it expects to see a slight growth in that sector after the fourth straight month of decline -- the sporting goods and health care related products. Also get a slight -- And don't miss our exclusive interview with former US Treasury Secretary and Reuters columnist Larry Summers. He sits down with the Reuter digital editor Christopher really on Friday to discuss the economy and future of the -- and the big question who is likely to replace Ben Bernanke when he steps down next year. Follow us on Twitter and Reuters Insider and get more of our video that Reuters dot com much -- TV I'm putting on this story here.
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