Shares of Sears Holdings Corporation (NASDAQ:SHLD) are up 14.6% as of 11 a.m. Friday.
So what
Sears stock jumped nearly 7% yesterday after reporting fiscal Q4 and full year earnings that were simply abysmal. True, Sears' per-share losses were less than expected, and its revenues were a bit better than expected, but the news was still pretty bad.
Quarterly revenues of $6.1 billion were down 16% from the year-ago quarter, while per-share "earnings" were actually a loss -- $5.67 per share (or more than half the stock's own price). That's as compared to a per share loss of "only" $5.44 in Q4 of 2015.
If Sears stock can react like that -- up 7% -- to numbers this bad, maybe there's nothing that can hold this stock back? Maybe all the bad news is baked into the stock already?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.