11.08.2014 - J.C. Penney may please investors on Tuesday
After sharp decline since the beginning of 2012, the company's share price of JC Penney has stopped falling and increased by almost 100% compared with the beginning of 2014. On Tuesday, will be published the company's report for the 2nd quarter and analysts expect lower net loss of 92 cents per share, versus a loss of 2.66 per share for the same period of the last year.
Despite the interest of many investors to the company JC Penney, we do not recommend buying the company's shares in connection with the general negative background on the stock market, bad management in recent years and the slow growth of the company's business. From a technical point of view, we should expect the price fixing above the $ 10 per share.