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It was a good day for the J.C. Penney & Co. (NYSE:JCP) as its shares make a significant gain, perhaps thanks to Chief Executive Ron Johnson’s exhibition of confidence during an earnings call, even after another quarter that suffered from a 20 percent sales loss. Basically, Johnson declared that his historic company will “stay the course” in the face of the revenue slump, and leaked the information that August is looking better. However, observers must be wondering: Stay which course?
Don’t Miss: Target Second Quarter Earnings Sneak Peek.
Target Corporation (NYSE:TGT) reveals that all its stores in the Denver area will now feature Geek Squad tech experts and services. The move is being lauded by analyst Burt Flickinger, who says that the integration is a very smart and strategic initiative for both Target and Best Buy Co. (NYSE:BBY), with the former ultimately selling more high-end consumer electronics, and the latter improving its reputation for technical services.
Toyota Motor Corporation (NYSE:TM) announces that it intends to sell vehicles that are powered by fuel cells by the year 2015. The FCV-R Concept will probably be the first model to be introduced, along with a driving range forecast to be more than 400 miles.
Lowe’s Companies, Inc. (NYSE:LOW) might be heading for trouble with its offer for Rona, as a Quebec separatist party moves ahead in polling for the September election. Disallowing foreign takeovers of Quebec companies is a chief goal of the party, so Lowe’s might want to hurry the deal up.
Investing Insights: Abercrombie & Fitch Co. Second Quarter Earnings Sneak Peek.
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