Shares in JC Penney (NYSE: JCP) rose 14.5% for the week as the faltering retailer appointed Ron Johnson, who has run Apple’s (NASDAQ: AAPL) retail stores as its next CEO. The market should be troubled by the role that long-time chief Myron Ullman will play as executive chairman. The description of his duties is vague enough to beg the question of who is in charge.
Shares of Lorillard (NYSE: LO) moved higher by 10% because it appears that regulations of menthol cigarettes will not tighten. Shares of VF Corp (NYSE: VFC) also rose 10% as it bought retailer Timberland for $2 billion.
Douglas A. McIntyre
S&P 500 WEEK TOP 10
(10 JUN – 16 JUN) |
Ticker | Weekly Price Change (%) | Close Price 16Jun11 | Close Price 10Jun11 | Market Cap ($Mil) |
J. C. Penney Company Inc. | JCP | 14.5 | 34.27 | 29.92 | 7405.7 |
Lorillard Inc | LO | 10.0 | 109.85 | 99.85 | 15786.0 |
V.F. Corp | VFC | 10.0 | 100.96 | 91.80 | 11044.8 |
CarMax Inc | KMX | 7.2 | 28.76 | 26.84 | 6495.5 |
Tyson Foods Inc. | TSN | 5.6 | 18.08 | 17.12 | 5595.6 |
Best Buy Co. Inc. | BBY | 5.6 | 30.01 | 28.43 | 11665.4 |
Tenet Healthcare Corp | THC | 5.4 | 6.23 | 5.91 | 3049.9 |
Fastenal Co | FAST | 4.8 | 32.46 | 30.97 | 9571.2 |
HCP Inc | HCP | 4.7 | 36.69 | 35.03 | 14897.1 |
Cabot Oil & Gas Corp | COG | 4.5 | 60.43 | 57.83 | 6312.9 |
Source: Capital IQ |
ALERT: Today Could Be Your Best Shot At Early Retirement (Sponsored)
If you want to retire before 65, pay attention. Study after study has shown that the longer you stay invested, the better your chances at an early retirement.
Every day that goes by without saving and investing for tomorrow means more to earn and save later. Don’t waste any more time and get started with Robinhood today. The app makes it easy to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.