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Today’s Research Reports on Stocks to Watch: J.C. Penney and Sears Holdings

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / October 11, 2018 / Two struggling department store chains, one went up and one went down in Wednesday’s trading session. Shares of J. C. Penney were flying higher on news that it has expanded its strategic partnership with Synchrony while shares of Sears went to record lows on news that it may be preparing for bankruptcy.

RDI Initiates Coverage on:

J. C. Penney Company, Inc.
https://rdinvesting.com/news/?ticker=JCP

Sears Holdings Corporation
https://rdinvesting.com/news/?ticker=SHLD

J. C. Penney Company, Inc. shares closed up 6.59% on about 30 million shares traded yesterday. It was a day of celebration for the apparel and home retail chain after the company announced a multi-year extension of their strategic partnership with Synchrony. The companies have already partnered for nearly two decades to offer a private label credit card program and a JCPenney Mastercard Dual Card. "The JCPenney credit card is an integral component of our loyalty program, serving as a powerful savings tool for our customers to get access to enticing benefits only available to cardholders,” said James Ward, vice president of credit at JCPenney. “We are pleased to renew our agreement with Synchrony, helping us deliver flexible financing options and valuable benefits to our best customers.” Tom Quindlen, EVP and CEO, Retail Card at Synchrony, stated, "The deep collaboration between Synchrony and JCPenney has already proven to benefit customers across all shopping channels. We work every day to help JCPenney deliver sales growth, differentiated technology and a great customer experience.”

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Access RDI’s J. C. Penney Company, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JCP

Sears Holdings Corporation closed down almost 17% on Wednesday, tanking to a new low of $0.3545 on about 14 million shares traded. The struggling department store chain hit record lows after traders learned the company may be near bankruptcy. Unnamed sources have said that the company is preparing to file for Chapter 11 bankruptcy protection in the coming days as approximately $134 million of debt is scheduled to mature. "The debt load is what kills these companies," said Jan Rogers Kniffen, president of retail consultancy J. Rogers Kniffen Worldwide Enterprises, to Real Money. "It keeps the company from reinvesting in the business when they really need to be." Real Money contributor David Butler said in September, "I think the debt levels that the company has acquired in trying to right itself are too high for the company to come back from." Sears has relied upon asset sales and loans from top shareholder ESL Investments -- which is controlled by Sears Holdings CEO Eddie Lampert -- to stave off bankruptcy for the past few years. This has left the company buried in debt and with few remaining assets that can be sold. With nearly $2 billion of cash burn annually, the Company seems to have reached an unsustainable situation.

Access RDI’s Sears Holdings Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SHLD

Our Actionable Research on J. C. Penney Company, Inc. (NYSE: JCP) and Sears Holdings Corporation (NASDAQ: SHLD) can be downloaded free of charge at Research Driven Investing.

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We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com



View source version on accesswire.com:
https://www.accesswire.com/513922/Todays-Research-Reports-on-Stocks-to-Watch-JC-Penney-and-Sears-Holdings



View source version on accesswire.com:
https://www.accesswire.com/513922/Todays-Research-Reports-on-Stocks-to-Watch-JC-Penney-and-Sears-Holdings