J.C. Penney Plunges to Record Low

J C Penney Company Inc (ticker: JCP) shares plunged, falling as much as 25 percent on Thursday, with shares now down 34 percent in the past year following another disappointing quarter from the brick-and-mortar retailer. J.C. Penney also once again lowered its full-year guidance, and analysts say investors shouldn’t expect things to get easier from here.

Walmart Soars on Strong Quarter

Walmart Inc (NYSE: WMT) stock jumped 10 percent on Thursday after the company reported a big second-quarter earnings beat and hit its target for online sales growth. Unlike other retailers who are struggling with rising costs, Walmart seems to be thriving in a difficult environment.

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Morgan Stanley Hungry For Chipotle Stock

Expectations are high for new Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Brian Niccol, and the Chipotle management team got a vote of confidence from Wall Street on Wednesday. Morgan Stanley analyst John Glass has upgraded CMG stock from “equal-weight” to “overweight,” but not all analysts are as optimistic about Chipotle’s outlook.

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Investors Not Buying Macy’s Beat

Macy’s Inc (NYSE: M) once again reported better-than-expected earnings and raised its full-year outlook on Wednesday, but the retailer’s second quarter wasn’t enough to keep investors from taking profits on M stock. Shares were down 14 percent by midday Wednesday as some investors see Macy’s ballooning costs as a potential red flag.

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BodyArmor Gives Coke 3 Lines of Attack

The Coca-Cola Co (ticker: KO) is taking a minority ownership stake in sports drink BodyArmor. Analysts say the BodyArmor deal is Coca-Cola’s latest attack on rival PepsiCo (PEP) and its Gatorade subsidiary, which has been eating away at Coca-Cola’s sports drink market share.

Disney’s Potential $20 Billion Payday

Now that the Walt Disney Co (ticker: DIS) buyout of Twenty-First Century Fox (FOX, FOXA) is nearing completion, attention has shifted to which company could buy Fox’s 22 regional sports networks. Experts say Disney could land roughly $20 billion for Fox’s sports assets, and the cash infusion will be much-needed as DIS invests heavily in its new streaming service.