Reuters - Video

EDITION: U.S. | U.K. | IN

Business

U.S. Day Ahead: JC Penney turn-around?; Best Buy is back

Monday, Aug 19, 2013 - 02:36

Aug 19 - Investors want to find out if JC Penney has a plan to turn-around its dismal earnings; A stealth rally in Best Buy stock gives new life to the electronics retailer.

▲ Hide Transcript

View Transcript

Here -- the top three stories you need to watch for on Tuesday. Herbalife stock dropped 4% on Monday following reports that ten time top salesman at the company who had committed suicide. There was a lot of optimism on the stock after last quarter's solid earnings and the speaker of the lack winds continuing accusations of the company running a Ponzi scheme. So look at -- with out of the blades but a Reuters reporter says this latest tragedy could put a damper on optimism around Herbalife. This goes right into enactments -- says that this is all -- Not properly done but it trying sort of recruit more people to sell the product while praising a lot that you could become rich. And to become a millionaire -- the process well Pacman and others say that this is absolutely not so. And so that's bound to sort of fun what a Pall over. The company and it's its vast network of distributors. Up next to look at this chart. While everyone thought best buy stock was left for dead its shares -- -- a 160%. Year to date and on Tuesday we get to see if its performance keeps up with the market's optimism. It is second only to Netflix the biggest Gainer in the S&P 500 this year. JPMorgan raised its price target to 36 dollars from 29 dollars on Monday. Saying best buy finally have the right management in place. And it's closed the gap with Amazon. Looking for news on the demand for gadgets and the back to school season and any update on the progress of best -- turn around. My idea bad idea of best I could get RadioShack a few lessons on how it can turn around and investor sentiment. And your top story JC Penney reports Q2 results. No matter what number indicate JTP continues to be a lightning rod attracting top investors from they'll act meant to George Soros. Spoke with a stake in DC and eat the stock rose last week after bill act and announce his resignation. And after George Soros announced he added another two million shares to his already large investment and to ATP. Look pretty is not how JC Penney plans to win back customers this back to school season. These customer could steer clear dates last year when company would still under Ron Johnson's no discount. Pictured at all. On Twitter -- brighter and brighter and warmer in the greater dot com -- --

U.S. Day Ahead: JC Penney turn-around?; Best Buy is back

Monday, Aug 19, 2013 - 02:36

Top News »

Money »

Moving Pictures »