StockCall.com Provides Stock Research on J. C. Penney Company Inc., Kohl's Corp., Saks Inc., and Dillard's Inc.
New York City, New York -- (May 23, 2013)
The most recent holiday season turned out to be a huge disappointment for U.S. department stores as consumers remained cautious amid economic uncertainty due to the fiscal cliff issue. However, consumer confidence in the U.S. has been improving since the start of this year due to the resolution of the fiscal cliff issue and an improvement in the labor market. This was highlighted by better-than-expected retail sales data for the month of April. As consumer confidence continues to improve, department stores in the U.S. can expect a solid year ahead. On Wednesday, May 22, 2013, shares in department stores ended mostly lower, as the broad market fell sharply following the release of minutes of Federal Reserve’s most recent monetary policy meeting. The major movers in the sector included J.C. Penney Company Inc. (NYSE: JCP), Kohl’s Corporation (NYSE: KSS), Saks Inc. (NYSE: SKS), and Dillard’s Inc. (NYSE: DDS). StockCall reviewed the Department Stores industry and chose JCP, KSS, SKS, and DDS for its technical coverage. These free reports can be seen for free at
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Shares in J.C. Penny Company Inc. moved lower on Wednesday, closing 1.37% lower at $18.72 after trading between $18.52 and $19.48. A total of 11.06 million shares were traded yesterday which is significantly below the daily average volume of 20.36 million. However, despite the losses in the last trading session, the company’s shares have gained nearly 4% this week. In the last one month, the stock has gained more than 21.10%. Still the stock is trading nearly 42.50% below its 52-week high. Download the free research on JCP by signing up now at
www.StockCall.com/JCP052313.pdf
Kohl’s Corporation’s stock ended slightly lower yesterday, tracking losses in the broader market. The company’s shares closed 0.52% lower at $52.08. A total of 3.65 million shares were traded between $51.66 and $52.44. The stock recently crossed above its 50- and 200-day moving averages. The stock’s 50-day moving average has crossed above the 200-day moving average, forming a “golden cross”. So far this year, shares of SNDK have gained over 21.10%, outperforming the S&P 500. Register for today’s free analysis on KSS at
www.StockCall.com/KSS052313.pdf
Shares in Saks Inc. saw a huge rally on Wednesday even as the broader market fell sharply. The company’s shares closed 13.39% higher at $15.50 after hitting a 52-week high of $16.17. A total of 23.53 million shares were traded which is nearly 10 times the daily average volume of 2.77 million. Shares of SKS have now gained 30.8% this week. So far this year, the stock has grown nearly 47.50%. It is now trading well above its 50-and 200-day moving averages. Free report on SKS can be accessed by registering at
www.StockCall.com/SKS052313.pdf
Dillard’s Inc. stock hit a 52-week high of $94.86 yesterday. However, the stock failed to hold on to its gains, and closed 0.49% lower at $93.23. A total of 412,400 shares were traded on Wednesday which is in-line with the daily average volume of 416,449. The company’s shares have gained more than 1.30% this week. So far this year, shares have gained more than 11.30%, underperforming the S&P 500. The stock is currently trading well above its 50- and 200-day moving averages.Register withStockCall and download the research on DDS for free at
www.StockCall.com/DDS052313.pdf
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