by Henry Khederian. Is Exxon stock a good buy? Taiwan Semi and Qualcomm are large cap stocks to watch. C. Penney Co. Inc. is permanently closing 154 stores across the nation as part of its bankruptcy plan including two Utah stores. May 18, 2020 ... JCPenney plans to permanently close 242 stores, or about 30 percent of its stores. How much will you get — and when? Musk Says It’s ‘Impossible’ to Take Tesla Private, Mulls New IPO. Macy's, Gap, CVS, J.C. Penney and Pier 1 are among the retailers that have announced permanent store closings in 2020. And it will be ready to launch its first Starship flight to Mars in 2026, Musk said earlier this month.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Two ARK funds received enormous inflows Wednesday, outpaced only by the much larger SPDR S&P 500 ETF. The store closures include eight in California, nine in Florida, seven in Georgia, nine in Indiana, seven in New York, nine in Ohio, and seven in Texas. Crew, Neiman Marcus and JCPenney have recently filed for bankruptcy. The JC Penney stores that will be permanently closed and holding liquidation sales include: Struggling JC Penney To Close 242 Stores In Bankruptcy, Amazon In Talks With JC Penney Over Possible Acquisition, These 3 Retailers Announced Store Closures In December, These Stores Don't Need Receipts For Gift Returns, NORAD Is Busy During The Pandemic, But Not Too Busy To Track Santa, Pound Jumps As EU And Britain Seal Post-Brexit Trade Deal, These 5 Virtual Tours Will Take You Around The World For The Holidays, Social Capital: The Ultimate Gift To AmericaÂ, Austen Allred Broke Down The Biggest Barrier To Higher Education. This company is transforming home security, Benzinga's Bulls And Bears Of Christmas Week: Airbnb, Apple, Netflix, Nike, Tesla And More, Deribit Adding Options to Allow Bitcoin Traders to Bet on Rally to $120K, $140K. J.C. Penney's announcement of the store closures this week follows the company's declaration of bankruptcy in May. Stores in 38 states across the country will be shuttering its doors for good. A retail colossus was sued for its alleged part in the opioid crisis, and a Chinese internet giant faces government scrutiny.The week also saw a new SEC rule change that affects initial public offerings, muddled signs for a Santa Claus rally and a last-minute Brexit deal.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. J. C. Penney Company Inc. is permanently shuttering 136 stores as part of its bankruptcy plan. China Tells Alibaba It Means Business. * The week's bullish calls included big tech stocks and a telecom giant. See what survey respondents believe will happen with the orthodontics business in the coming months, as COVID-19 vaccine use increases.For another bearish take on Tesla, be sure to check out "Despite .2B In Losses, Tesla Short Sellers Ramp Up Bearish Bets. It's absolutely genius. News of the store closures comes as JCPenney gradually reopens stores temporarily closed due to the coronavirus pandemic. On Thursday, the apparel and home retailer said it would be begin closing 154 locations as part of its first phase. Man Who Called '08 Crash Says Buy "WFH" Stocks Now. Given my age and the current economic climate, I’m looking at the possibility of retiring, at least from a full-time job. * How To Invest In The Clean Energy 'Triple Crown' In 2021Bears In Shivdeep Dhaliwal's "Tesla Faces 'Formidable Bear Case' Over Apple's EV Plans, Says Morgan Stanley," see how reports of the iPhone maker venturing into electric vehicles creates a new "bear case" for Elon Musk-led industry leader Tesla Inc (NASDAQ: TSLA) and for the big automakers. JCPenney is closing 154 stores across the nation, including several in Ohio. So says Priya Nigam's "Occidental Petroleum Corporation." The company furloughed the majority of its workforce in April and since reopened nearly 500 locations, where COVID-19 restrictions have been eased. “Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,” she said then.Investors have to this point had limited ways to own a piece of SpaceX, which has become one of the most richly valued venture-backed companies in the U.S. by dominating the commercial rocket industry.In addition to a contract from NASA for a version of its next-generation Starship spacecraft that can land astronauts on the moon in 2024, SpaceX also has an agreement with a Japanese entrepreneur for a private flight around the moon in 2023. FEATURE This article is an excerpt from Barron’s 10 favorite stocks for 2021. Bath & Body Works - 24 locations primarily in the U.S. will be closing for good. Will the company choose a strategic partnership?In "Short Sellers Fleeing Netflix, Alphabet And Other Tech Stocks Heading Into 2021," Wayne Duggan discusses the most covered shorts recently among Intel Corporation (NASDAQ: INTC), Netflix, Inc (NASDAQ: NFLX) and other big tech stocks.Priya Nigam's "Analyst Still Bullish On AT&T Despite Leverage, Dividend Concerns" focuses on why one top analyst still favors AT&T Inc (NYSE: T) even though it has three main concerns about the telecom giant's financials. Near the end of May, JCPenney filed for Chapter 11 bankruptcy, announcing that it would permanently close about 30 percent of its stores. "At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo courtesy Intel Corp.See more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: Bank Mergers, Comcast, Dogs of the Dow, Square And More * Notable Insider Buys of the Past Week: Mylan, Sonabank, Steak 'n Shake, U-Haul And More(C) 2020 Benzinga.com. Are share repurchases in the offing?Occidental Petroleum Corporation (NYSE: OXY) will benefit due to its oil leverage now that there is upside to oil prices. The retailer will begin liquidating stores in the coming weeks as it looks to eliminate its store portfolio of underperforming locations to focus its attention on e-commerce sales.

On June 4, the apparel and home retailer said it would start closing 154 locations as part of its first phase. According to JCPenney, the stores closing are those not performing among its best. While JCPenney started reopening some of the stores last week -- before its Friday evening bankruptcy filing -- more than 95% of its stores are still closed to shoppers due to health concerns. Additionally, employees are required to wear masks and gloves. ; Final sales vary by location. HELP ME RETIRE Dear MarketWatch,  I’m 60 years old and recently lost my job of 20 years. I’m 63, my husband is 70, we’ll have $90,000 a year in retirement — how can we claim our Social Security benefits? Click here to see which stock they’re recommending. The store-closing list of 2020 is vast thanks to COVID-19 and a reliance on online shopping. The US stores include Walmart Supercenters and Neighborhood Market stores in Arizona, California, Indiana, Kansas, Louisiana, Massachusetts, Minnesota, … * Benzinga has examined the prospects for many investor favorite stocks over the past week. Apple Is One of Barron’s Top Stock Picks for the New Year. Some of the new safety protocols include Plexiglass shields at registers, social distancing signage, and enhanced store cleaning. JCPenney items purchased prior to the start of the liquidation sale may be returned or exchanged throughout the entire liquidation sale at closing stores.Contact your local store for more details. Global research firm just identified a stock with the potential to "crush Zoom’s gains." In the coming weeks, there will be phases of store closing sales, which JCPenney expects will take 10 to 16 weeks to complete. "Paul Meeks Bearish On Airbnb, Calls Short On DoorDash" by Mohit Manghnani presents the bearish views of a famed tech investor on Airbnb Inc (NASDAQ: ABNB) and DoorDash Inc (NYSE: DASH). Is GE Stock A Buy As Wall Street Gets Bullish On Turnaround. (AAPL) has been a juggernaut in 2020. Check whether your local JC Penney store will close in 2019. Spousal benefits can be very confusing, said Kate Gregory, a financial planner and president of Gregory Advisors Inc. As a spouse, you’re entitled to 50% of your husband’s primary insurance benefit that he’d receive at his Full Retirement Age (FRA, which in his case is 66 years old), but he has to have filed for his benefits before you can do so. ‘I am tired of both the rat race and workplace politics.’ Should I retire? Is GE stock a buy right now? Is it an underestimated earnings growth story?For additional bullish calls of the past week, also have a look at the following: * 10 Things Apple Investors May Wish For In 2021 * Are Genomic Stocks The Next FANG Stocks? Arizona: Say Bye To Expenisve Solar Panels, Bitcoin Tops $26K for First Time, Less Than a Day After Passing $25K. Dow Jones futures: As the stock market rally pauses near highs, Apple stands out, while Microsoft shapes up. Is Exxon Stock A Buy While Dividend Holds Steady Amid Steep Cuts? So far, it's reopened nearly 500 locations, implementing added safety measures based on CDC guidelines and state as well as local mandates. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls "Apple Analyst: Cupertino's EV Ambitions Could Play Out With Partnership With Tesla, Chinese EV Brands" by Shanthi Rexaline examines the electric vehicle ambitions of Apple Inc. (NASDAQ: AAPL), both in its past and its potential future. JC Penney was forced to close all of its stores because of the coronavirus pandemic in March. Here is what the fundamentals and technical analysis say about buying Nio shares now. This program has power companies furious. And it doesn’t stop there. There are 11 JCPenney stores in New Jersey, according to the company’s website, but none are on the list of 13 stores that will permanently close — as of now, at least. See the store list below or contact your local store for more details. Earlier this year, JCPenney announced it would close 27 stores in at least 13 different states in 2019. Americans qualify for survivor benefits in a few scenarios, including if they are a widow or widower age 60 or older; a divorced spouse from a marriage that lasted 10 years and who did not remarry before age 60; or a widow or widower at any age caring for the deceased’s child under age 16. In fact, JCPenney is about to permanently close down 154 stores, … It's closing 242 stores as part of its financial restructuring. See whether that sentiment extends to the broader tech sector for 2021.Jayson Derrick's "BMO Steps To The Sidelines On FuboTV Following Big Run" argues that the bullish case for FuboTV Inc (NYSE: FUBO) has come to an end. "While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come,” JCPenney CEO Jill Soltau said in a statement. Liquidation sales at the 154 stores set to close their doors are expected to be held for 10 to 16 weeks. Five Large Cap Stocks Flashing Buy Signals. The gain is twice the advance of the next best performer on the gauge. Regulators are likely to go after other companies too. J.C. Penney to permanently close about 242 stores as part of bankruptcy plan Stores staying open accounted for 82% of the company's fiscal 2019 sales Health insurance is probably one of the most crucial — if not the most crucial — consideration you’ll need to make before you leave your job. What That Means for the Stock. ARK ETFs Are More Popular Than Ever. A total of 600 stores will reportedly remain under the JC Penney umbrella. A week ago last Thursday, Deribit made news by introducing call and put options at the $100,000 strike price. I’m 52, won’t live past 80 and have $1.6 million. The Street Debates," see why analysts remain bullish after Nike Inc (NYSE: NKE) posted better than expected second-quarter results and shares ran to new all-time highs. Florence: Cox Creek Parkway. Man Who Bought Netflix at $7.78 Says Buy This Now, 20 electric vehicle stocks besides Tesla and Nio that analysts expect to rise the most over the next year. JCPenney is permanently closing 154 stores across 20 states this summer as part of its bankruptcy plan. Supercharged Nio stock taps demand for electric cars. Near the end of May, JCPenney filed for Chapter 11 bankruptcy, announcing that it would permanently close about 30 percent of its stores. Near the end of May, JCPenney filed for Chapter 11 bankruptcy, announcing that it would permanently close about 30 percent of its stores. Pier 1 - After already closing 30 stores they're looking to … As the retailer struggles through bankruptcy, it announces a … After permanently closing 154 stores, #JCPenney will have about 600 remaining locations, including six in the metro area. State Teachers Retirement System of Ohio cut back on Apple and Tesla stock in the third quarter, and bought more shares of GM and Alibaba. JC Penney filed for bankruptcy on May 15, entering into a restructuring agreement with its lenders for about 70% of its debt load. JC Penney is closing 154 stores in the first phase of its Chapter 11 bankruptcy restructuring. A stunning Business Insider report is listing many other stores shutting for good. British PM sold out fish in Brexit trade deal, fishermen say, UK to roll out Oxford COVID-19 vaccine from Jan. 4, Sunday Telegraph says, Bond Traders Close Out Chaotic Year With Key 1% Level in Sight, Volatility Market Braced for ‘Too Close to Call’ Georgia Runoffs, After Christmas your mall might vanish — but it may also be reborn, Why you should think about your stock portfolio differently in 2021. If it isn't grown, it has to be mined. (Bloomberg) -- Billionaire Elon Musk said it’s “impossible” to take Tesla Inc. private now even though he would have liked to spend more time on innovation.“Tesla public company duties are a much bigger factor, but going private is impossible now (sigh),” Musk said in response to a tweet saying he should optimize his time in areas such as innovation. Check out the expectations for subscriber growth following the Super Bowl and into the college basketball season.Investor sentiment on whether SmileDirectClub Inc (NASDAQ: SDC) has upside potential in the next year is muted, according to "Will SmileDirectClub Stock Reach By 2022?" As investors look ahead to an uncertain year, one thing stock analysts appear to be certain about is that we’re in for more market volatility in 2021. The year's closures include Zara, Macy's, and Men's Wearhouse.
Sephora items purchased prior to Friday, June 12, 2020, may be returned throughout the entire liquidation sale at most closing stores. It's a home security system that's built for the unexpected like downed wifi, cut landlines, power outage, hammers, and everything in between. Congress has passed new stimulus checks — but when will you get yours? Andalusia: River Falls Street. JCPenney is closing more stores due to declining sales, causing financial experts to wonder if they'll go out of business. Do this instead of buying expensive solar panels. See how it has "paid the price" for its capital structure being "heavily weighted towards debt," according to the featured analyst.In Jayson Derrick's "Is Nike's Stock Still A Buy At All-Time Highs? Near the end of May, JCPenney filed for Chapter 11 bankruptcy, announcing that it would permanently close about 30 percent of its stores. The company says it was a difficult decision to close the stores, but they will continue to operate several stores and t… Here are the first 154 J.C. Penney stores that are permanently closing. Trump demands more than 'measly' $600 stimulus checks — so what now? The 118-year-old retailer reported it is reducing its brick-and-mortar retail footprint to focus on its strongest stores as well as its website . Store closing sales are expected to take 10 to 16 weeks to complete. “Engineering, design & general company operations absorb vast majority of my mind & are the fundamental limitation on doing more.”Tesla shares, which were included in the S&P 500 index this week, have surged eightfold this year ahead of the addition to the benchmark measure. Stores in 38 states across the country will be shuttering its doors for good. The leading cryptocurrency set another all-time high this month. Scottsboro: South Broad The full list of store closures includes: Crave Carbs? On Thursday, the apparel and home retailer said it would be begin closing 154 locations as part of its first phase. Is Nio Stock A Buy Amid High Hopes For Big Annual Event? JCPenney has released a list of 154 stores poised to close permanently through the retail giant's Chapter 11 bankruptcy restructuring plan. Stocks To Buy - Why Is This Metal Taking Off? Here’s What It Bought. “While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come,” Jill Soltau, CEO at JC Penney, said in a statement. I can easily live on a $60,000 budget (including taxes) but often it is less than that. To give that some perspective, the company currently operates 846 stores. The share price jump also created millionaires among its investors, and propelled Musk’s net worth by $132.2 billion to $159.7 billion, making him the world’s second-richest person, according to the Bloomberg Billionaires Index.Bloomberg Wealth: The Tesla Investors Who Are Now MillionairesMusk also said Starlink, SpaceX’s budding space-internet business, would likely be a candidate in his group to go public once its revenue growth becomes “reasonably predictable,” echoing similar comments by the company’s president to investors earlier this year.Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, President Gwynne Shotwell said at a private investor event in February.A listing would give investors a chance to buy into one of the most promising operations within the closely held company. I’m 60, my wife thinks ‘money is for spending,’ I just lost my job and plan to retire — how can we avoid money fights? By Isabel Garcia. Here’s Why. Bankrupt J.C. Penney plans to permanently shutter 154 stores across the U.S., with going-out-of-business sales set to begin at those locations on June 12. Here are the 155 closures JCPenney has announced so far, arranged alphabetically by state: Alabama: Covington Mall, 922 River Falls St, Andalusia, AL 36420. And what about President Trump's opposition? Lockheed Martin stock is forming a base as the defense giant acquires a top developer of space and missile technology. Following is a growing list of store closings including Bath & Body Works, Belk, JCPenney, Hamrick's, Kohl's, Macy's, Old Navy, T.J.Maxx, Marshalls and more. Alabama J.C. Penney closing stores. More Than 15,000 Stores Could Close Permanently in 2020 That's dramatically more than last year's record high -- but don't be so quick to blame coronavirus. The company is closing 27 stores in 2020, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlets. Many analysts agree we are in store for a big Gold rally this year and well into next year. Additional store closures will follow as JC Penney announced at the time of its bankruptcy filing that it would be closing 242 stores permanently. The company operates about 850 stores in the United States and Puerto Rico, according to its website. Benzinga does not provide investment advice. Andalusia: Covington Mall, 922 River Falls St. … A Big Fund Sold Apple and Tesla Stock. It will certainly be something to celebrate, and that you’ve already figured out what your retirement income will be is a great start. CVS - Closing 46 under-performing locations including its famous Springfield, Missouri location known as the "largest CVS in the world". Mining is big business, Here are a few things that you should know before adding mining stocks to your port.... Beijing is targeting the e-commerce giant and its co-founder. The current economic state is pushing investors to Gold... Exxon Mobil has prioritized maintaining its dividend while oil prices remain low. All rights reserved. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's giving away his top pick for free right here. The restructuring plan will have JCPenney closing down a total of 242 locations. Dow Jones Futures: As Stock Market Rally Pauses, Is Microsoft The Next Apple? He's calling for $2,000 payments, but Congress has said no. The JC Penney stores that will be permanently closed and holding liquidation sales include: Alabama . Analysts favor companies that supply EV manufacturers or develop technology to support infrastructure and autonomous driving. Stores like J. What It Means for Investors. GE's turnaround is winning over more believers on Wall Street, and the Boeing 737 Max is returning to service soon. Pier 1 is closing all of its 500 stores. * A top electric vehicle maker and recent hot IPOs were among the bearish calls.The big U.S. indexes ended the shortened trading week leading up to Christmas with marginal gains, despite word of a new strain of COVID-19 and the ongoing gridlock in Washington causing hopes for pandemic relief stimulus to fade again.The leading electric vehicle maker began trading as an S&P 500 component this past week but also now faces rumors of a formidable new competitor. JCPenney is closing more stores Thieves steal 42 pairs of jeans at JCPenney in Antioch The stores will be operating under a modified schedule, from noon to … Its shares have climbed 74%, to a recent $128, on its way to a world-leading $2. To see the full list, click here. Insanely Easy Weeknight Dinners To Try This Week. We Created This 21-Day Keto Plan Just for You! Is Lockheed Stock A Buy After Largest Takeover Since 2015? 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