The selling in JC Penney (JCP) continued this morning–only to be reversed as bargain hunters pushed the stock higher.
APSusquehanna’s Christopher Jacobson looks to the options market for where shares of JC Penny could be headed:
…we revisit the option-implied probability exercise to see what May 2015 options in JCP can tell us about expected moves in the stock between now and then….despite the fact that shares are already down meaningfully, the options market continues to price in the potential for further meaningful downside. For example, the May options appear to price in roughly a ~25% probability that shares are trading below the $4 level by that time.
Belus Capital Advisors’ Brian Sozzi, meanwhile, offers a visual portrait of J.C. Penney’s identity crisis:
Unfortunately for JC Penney, its logo identity has gone missing right along with its free cash flow.� There is no consistency, rather an array of facelifts on display in the store that reflect failed attempts to revitalize a business that operates in a super competitive, low margin arena.� If a company�� logo is meant to connect a consumer to a brand�� promise…then JC Penney doesn�� deliver…
Best Beverage Companies To Invest In Right Now: PMC - Sierra Inc.(PMCS)
PMC-Sierra, Inc. engages in the design, development, marketing, and support of semiconductor solutions for the enterprise infrastructure and communications infrastructure markets. Its products include controllers based on Fibre Channel, Serial Attached SCSI, and Serial ATA that enable the development of external and server-attached storage systems; framers and mappers, which convert the data into a format for transmission in the network before the data is sent to the next destination; line interface units that transmit and receive signals over a physical medium, such as wire, cable, or fiber; and microprocessor-based system-on-chips, which perform the high-speed computations that help in identifying and controlling the flow of signals and data in various network equipment used in the communications, storage, and enterprise markets. The company also offers packet and cell processors that examine the contents of cells or packets, and perform various management and reporting functions; radio frequency transceivers, which transmit and receive broadband signals over the air; and serializers/deserializers that convert and multiplex traffic between slower speed parallel streams and higher speed serial streams. PMC-Sierra sells its products to end customers directly, as well as through distributors and independent manufacturers? representatives primarily in China, Asia, Japan, Taiwan, Europe, the United States, and the Middle East. The company was founded in 1983 and is based in Santa Clara, California.
Advisors' Opinion:- [By CRWE]
PMC (Nasdaq:PMCS), the semiconductor innovator transforming networks that connect, move and store big data, reported that the Company will present at the Citi 2012 Technology Conference on September 5, 2012, in New York, NY.
Top 5 Penny Stocks To Watch Right Now: China Recycling Energy Corporation(CREG)
China Recycling Energy Corporation provides energy saving and recycling products and services in the People's Republic of China. The company engages in the design, sale, installation, lease, and operation of top gas recovery turbine systems (TRT) and other renewable energy products. It also builds cement low temperature heat power generator (CHPG) and waste gas power generator (WGPG) systems. The company, through a joint venture, Inner Mongolia Erdos TCH Energy Saving Development Co., Ltd, with Erdos Metallurgy Co., Ltd., recycles waste heat from Erdos Metallurgy Co.?s metal refining plants to generate power and steam. China Recycling Energy Corporation offers its products and services to enterprises in the iron and steel, cement, coking, and metallurgy industries. The company was formerly known as China Digital Wireless, Inc. and changed its name to China Recycling Energy Corporation in March 2007. The company was founded in 2004 and is based in Xi An City, the People?s R epublic of China.
Advisors' Opinion:- [By Roberto Pedone]
Another stock that's starting to move within range of triggering a near-term breakout trade is China Recycling Energy (CREG), which engages in the recycling energy business, providing energy savings and recycling products and services. This stock is off to a strong start in 2013, with shares up a whopping 166%.
If you take a look at the chart for China Recycling Energy, you'll notice that this stock recently formed a double bottom chart pattern at $1.67 to $1.66 a share. Following that bottom, shares of CREG have started to uptrend strong and move back above its 50-day moving average. That uptrend has now pushed shares of CREG within range of triggering a near-term breakout trade.
Market players should now look for long-biased trades in CREG if it manages to break out above some near-term overhead resistance levels at $2.80 to $2.85 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 95,671 shares. If that breakout triggers soon, then CREG will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4 a share.
Traders can look to buy CREG off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $2.32 a share, or near more support at $2 a share. One can also buy CREG off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Top 5 Penny Stocks To Watch Right Now: Archer-Daniels-Midland Company(ADM)
Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products in the United States and internationally. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Oilseeds Processing segment engages in originating, merchandising, crushing, and processing oilseeds, such as soybeans, cottonseed, sunflower seeds, canola, rapeseed, peanuts, flaxseed, and palm into vegetable oils and protein meals. This segment also produces edible soy protein products, including soy flour, soy grits, soy protein concentrates, soy isoflavones, and soy isolates that are used in processed meats, baked foods, nutritional products, snacks, and dairy and meat analogs. The Corn Processing segment involves in corn wet milling and dry milling activities; and produces alcohol, amino acids, and other specialty food and animal feed ingredients, as well as ethyl alcohol. This segment also produces citr ic and lactic acids, lactates, sorbitol, xanthan gum, and glycols that are used in various food and industrial products, as well as astaxanthin, a product used in aquaculture to enhance flesh coloration. The Agricultural Services segment buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities as food and feed ingredients for the agricultural processing industry. This segment also processes and distributes edible beans, formula feeds, and animal health and nutrition products. In addition, the company engages in milling wheat, corn, and milo into flour, as well as produces bakery products and mixes, wheat starch, gluten, and cocoa products that are sold to the baking industry; and involves in financial activities related to private equity fund investments, and futures commission merchant activities. Archer Daniels Midland Company was founded in 1898 and is based in Decatur, Illinois.
Advisors' Opinion:- [By Justin Loiseau]
Agricultural and food processing company Archer Daniels Midland (NYSE: ADM ) released a brief statement today confirming the potential sale of its cocoa business.
- [By Selena Maranjian]
More than a handful of global natural resources companies�had strong performances over the past year. Archer Daniels Midland (NYSE: ADM ) jumped 33%, with its last quarter featuring revenue slightly up, but earnings down, in part due to last year's droughts. The company remains a solid dividend payer, though, and is looking to expand in Asia via its purchase of GrainCorp, Australia's leading�agribusiness. ADM is considering selling its cocoa business, amid falling cocoa prices and shrinking margins.
- [By Ben Levisohn]
Archer-Daniels-Midland (ADM) has dropped 0.2% to $45.70 after announcing that it would buy WILD Flavors for nearly $3 billion in cash.
Bed Bath & Beyond (BBBY) has gained 0.9% to $59.89 as a big share repurchase trumped a BofA Merrill Lynch Underperform from Neutral.
Top 5 Penny Stocks To Watch Right Now: RAIT Financial Trust(RAS)
RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. It also offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services. In addition, RAIT Financial Trust owns and manages a portfolio of commercial real estate properties, and manages real estate-related assets for third parties. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. RAIT Investment Trust was founded in 1997 and is based in Philadelphia, Pennsylvania.
Advisors' Opinion:- [By Eric Volkman]
RAIT Financial Trust (NYSE: RAS ) investors will be getting slightly more than they did last quarter, as a reward for putting their faith in the company (NYSE: RAS ) . The real estate investment trust has declared a common stock dividend of $0.13 per share, to be handed out on July 31 to shareholders of record as of July 12.�That amount is $0.01, or 8%, higher than RAIT's previous distribution of $0.12, which was paid in April. Prior to that, the firm dispensed $0.10 per share.
- [By Marc Bastow]
Commercial real estate holding real estate investment trust (REIT) RAIT Financial (RAS) raised its quarterly dividend 7% to 16 cents per share, payable on Jan. 31 to share holders of record as of Jan. 7.
RAS Dividend Yield: 7.48%
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