Orlando, FL -- (SBWIRE) -- 08/19/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On NVIDIA Corporation (NASDAQ:NVDA), J.C. Penney Company, Inc.(NYSE:JCP).
NVIDIA Corporation (NASDAQ:NVDA) shares gained 0.42% to $15.19. Nomura reiterated their buy rating on shares of NVIDIA in a research note released on August 10. They currently have a $17.00 target price on the stock, up from their previous target price of $15.00.
Additionally, the company on August 8 reported revenue for the second quarter of fiscal 2014, ended July 28, 2013, of $977.2 million, up 2.4 percent from $954.7 million in the previous quarter. GAAP earnings per diluted share were $0.16, up 23.1 percent from $0.13 in the previous quarter. Non-GAAP earnings per diluted share were $0.23, up 27.8 percent from $0.18 in the previous quarter.
Are investors worried about the recent updates with NVDA? Find out with a free trend analysis HERE
J.C. Penney Company, Inc.(NYSE:JCP) shares dropped 3.11% to $13.40. Billionaire investor and philanthropist George Soros likes ailing retailer JC Penney so much that he added another 2 million shares to his already large investment, according to regulatory filings released on August 14. Soros, who made news four months ago when he first announced a passive stake in company, reported owning 19.98 million shares at the end of the second quarter. The JC Penney holding is now the fourth largest in the portfolio.
Additionally, the company is expected to report earnings on August 20 for the fiscal quarter ending July 2013. The consensus EPS forecast for the quarter is a loss of $1.09, compared with an EPS loss of 37 cents in the same year-ago period, according to analysts.
Is JCP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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