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Trading Ideas

J.C. Penney Sale Talks Stall Ahead of Crucial Holiday Season

(Bloomberg) — A plan to sell bankrupt J.C. Penney Co.’s retail operations to its two biggest landlords stalled this week, raising the prospect that creditors will carry the burden of millions of dollars in extra costs as the retailer prepares for the crucial holiday season.Talks between J.C. Penney’s lenders and the would-be buyers, mall owners Simon Property Group Inc. and Brookfield Property Partners LP, broke down in recent days, according to people with knowledge of the negotiations. The landlords missed several deal deadlines as communication between the parties lapsed, the people added.The two sides may now turn to mediation to …read more […]

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Trading Ideas

A Pandemic Play With 35% Growth

Today’s new swing trade recommendation is a play on the coronavirus pandemic.
The company raised its revenue outlook for the third quarter this week on the basis of strong demand for its COVID-19 testing solutions. In fact, it projects third quarter sales will increase by 35% on a year-over-year basis.

Click here to watch Nicholas’ latest video update.
That’s well above analyst expectations. And because of Mr. Market’s irrational mood swings, swing traders have a golden opportunity to profit.
Click here to watch today’s video. And stay tuned for future swing trade recommendations.
Good investing,
Nicholas
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The …read more […]