JCP的命运掌握在GE手上# Stock
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Two candidates in very different sectors may be worth keeping an eye on 2014
. Staying with the retail theme, JC Penney(NYSE: JCP) shares may be poised
for a rebound. The issue, which is trying to recover from a two-year decline
that emanated from the 42.00 level, is showing some technical strength
after bottoming at 6.24 in October.
See also: The Herd Continues To Flock Out of Icahn Enterprises
The failure of former Apple executiveRon Johnson to revive the company,
coupled with Bill Ackman's well publicized flogging in the issue applied
significant selling pressure for most of the year. Multiple downgrades by
Wall Street analysts and constant worries of credit being withdrawn by
merchandisers weighed heavily on this issue.
Fears have been eased somewhat by anOctober 2013 announcement of a long-term
extension of its private label dual credit card extension between GE
Capital Retail and JCP. The companies intend to build on their 14 year
relationship through 2020. If GE Capital Retail is willing to speculate it
will survive another six years, perhaps investors will as well.
The second candidate, Molycorp (NYSE:MCP) will be ending the year off by
nearly 50% and over 90% from its all time high (79.16). The issue, that was
a beneficiary of the rampant speculation in rare earth stocks in 2011 has
been consolidating at the 5.00 level over the last few months, after
bottoming at 4.51 in both November and December.
Recently, Molycorp CEO reported that the company will reach profitability in
2014 with near-term rare-earth prices increasing. Reports of the increases
in Baotou Steel prices may further add to the bottom line for MCP in 2014.
With its 45 million share offering complete at the 5.00 level, the cap on
the stock at that level may have been eliminated. Perhaps any improvements
in cash flow in the first quarter, will be the impetus to drive the share
price higher.
. Staying with the retail theme, JC Penney(NYSE: JCP) shares may be poised
for a rebound. The issue, which is trying to recover from a two-year decline
that emanated from the 42.00 level, is showing some technical strength
after bottoming at 6.24 in October.
See also: The Herd Continues To Flock Out of Icahn Enterprises
The failure of former Apple executiveRon Johnson to revive the company,
coupled with Bill Ackman's well publicized flogging in the issue applied
significant selling pressure for most of the year. Multiple downgrades by
Wall Street analysts and constant worries of credit being withdrawn by
merchandisers weighed heavily on this issue.
Fears have been eased somewhat by anOctober 2013 announcement of a long-term
extension of its private label dual credit card extension between GE
Capital Retail and JCP. The companies intend to build on their 14 year
relationship through 2020. If GE Capital Retail is willing to speculate it
will survive another six years, perhaps investors will as well.
The second candidate, Molycorp (NYSE:MCP) will be ending the year off by
nearly 50% and over 90% from its all time high (79.16). The issue, that was
a beneficiary of the rampant speculation in rare earth stocks in 2011 has
been consolidating at the 5.00 level over the last few months, after
bottoming at 4.51 in both November and December.
Recently, Molycorp CEO reported that the company will reach profitability in
2014 with near-term rare-earth prices increasing. Reports of the increases
in Baotou Steel prices may further add to the bottom line for MCP in 2014.
With its 45 million share offering complete at the 5.00 level, the cap on
the stock at that level may have been eliminated. Perhaps any improvements
in cash flow in the first quarter, will be the impetus to drive the share
price higher.
