InvestorsHub Logo

I-Man

05/16/18 7:36 AM

#8542 RE: Gravity #8540

Beat last 3 quarters, and expect to do same this Thursday too. Stores doing very well despite the constant CNBC Amazon hype daily, yet seem to be attacked by shortseller articles like some MSNBC fake news story:

1. J.C. Penney

Short sellers are hoping for more ugly numbers from J C Penney Company Inc (NYSE: JCP) when it reports earnings on Thursday. FIS Astec reports that short sellers have maxed out their positions with a 100 percent utilization rate on JC Penney shares over most of the past three weeks.