Here’s what we’re paying close attention to today:
- JCPenney ($JCP) reports their quarterly earnings before the market opens. The company has seen a decline in the price of their stock for the last three months, save for the last two days. Investors are hopeful that the company can exceed predicted sales figures.
- The Nasdaq has been in a decline for the last two days, as have its most popular tech stocks. Could it end the week on a high note?
- It’s Veterans Day, which means bond markets are closed.
What we’re reading this morning:
“Dollar General Launching Convenience Stores Called ‘DGX’” by Laura Northrup, Consumerist
The dollar store chain ($DG) is rebranding for a younger generation, moving away from its cheap-o image to something more 21st century. Could this help them with their 3-month stock slump?
“Why has Dow Jones hit a record high following Trump’s victory?” by Sean Farrell and Graeme Wearden, The Guardian
The Dow is up, much to everyone’s surprise. The Guardian takes an in-depth look as to why this is happening.
“The Financial Markets Have Accepted a Trump Presidency” by Gillian B. White, The Atlantic
Another look at the current financial climate, and various reactions to our president-elect.
Share these stories with your friends below, and we hope you have a very restful Veteran’s Day.