J C Penney Company Inc JCP will report on Thursday after the close and is expected to earn $0.11 per share on revenues of $3.86 billion.
What To Watch
- Traffic was strong in stores during the holidays and the recent talk about a REIT spin-off much like Sears has helped to warm investors' hearts.
- J C Penney results are a coin toss however; the company has reported a surprise beat on the last five quarterly reports.
- For what it's worth, the CDS curve across all years for the company -- going out 10 years -- have all dropped since Jan 23. 6M fell from 350 to 200 and 1Y fell from ~400 to 300, signaling strong expectations JC Penney will service its debt in the near term.
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