Will A Move Over $5 Finally Get JC Penney Going?

Battered retail stock J C Penney Company Inc. JCP 1.6% is up over 7 percent Thursday after the company announced it will be adding toy shops inside all its brick-and-mortar locations. JC Penney has doubled its online toy offerings in the past year in an effort “to compete with pure e-commerce rivals.” The company is hoping that exploring new toy…

Harley-Davidson Channel Checks Show US Retail Sales Down Up To 3% In Q2

After performing end-of-quarter dealer checks, Longbow Research analyst David MacGregor is expecting another weak quarter from Harley-Davidson Inc HOG 1.05%. MacGregor said on Thursday he expects a 1 to 3 percent decline in U.S. retail sales in the second quarter. The sales weakness is particularly disappointing considering the relatively easy comparison from Q2 2016, when sales were down 5.2 percent.

Yellen Puts A Crimp In Financial Rally

The Financial Select Sector SPDR Fund XLF rally over the past month has been put on pause this week after Fed Chair Janet Yellen gave some relatively dovish commentary in front of Congress this week. In her testimony, Yellen said interest rate hikes would be both gradual and limited in the near-term, sending stocks higher for the second day…

5 Takeaways From The ‘Future Of Media’ Summit

Bernstein recently hosted its Future of Media Summit, which focused on the future of media, how the landscape is changing and the implications that those changes will have for investors. Analyst Todd Juenger attended the summit and summarized the key themes from the event in a new note.