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UPDATE 3-J.C. Penney sales drop adds to department store blues

*1st- qtr comp sales fall 0.4 pct vs est 3.3 pct rise. *Net sales fall 1.6 pct, first drop in 5 qtrs. The Commerce Department said on Friday retail sales jumped 1.3 percent last month, the largest gain since March 2015.

Source: Reuters

The unexpected stock that's doubled this year

Steel yourself: The best-performing stock in the broad S&P 1500 index probably isn't one you'd expect.


UPDATE 3-J.C. Penney results bright spot amid retail gloom

Few companies, except home improvement chains such as Home Depot Inc and Lowe's Cos Inc, have been able to beat Wall Street estimates amid a pullback in spending on discretionary items. "We're encouraged by the disciplined cost management, progress with the balance sheet, and continued comp momentum in a challenging Q4 environment," Baird Equity Research...

Source: Reuters

UPDATE 2-Target comp sales beat shows turnaround efforts gaining traction

*4th- qtr comp sales grow 1.9 pct vs est $1.5 pct. Feb 24- Target Corp's quarterly sales at established stores topped analysts' estimates as its initiatives around higher-profit items drove traffic, showing that the company's turnaround efforts under CEO Brian Cornell were gaining traction. Some of his efforts include promoting and investing in a narrower set...

Source: Reuters

These 5 stocks are strictly for the bulls

If you think the S&P is primed to bounce, here's where you might want to invest.


Home Depot beats Street, US comp sales up 8.9%

Brian Nagel, Oppenheimer & Company, breaks down the home improvement company's fourth quarter results, which beat expectations on both the top and bottom line, posting earnings of $1.17 on revenues of $21.0 billion.