Orlando, FL -- (SBWIRE) -- 09/06/2013 -- 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 BlackBerry Ltd (NASDAQ:BBRY), J.C. Penney Company, Inc.(NYSE:JCP).
BlackBerry Ltd (NASDAQ:BBRY) shares gained 2.28% to $10.99. BlackBerry’s board hopes to run a "fast" auction process that could result in a sale of the company by November, the Wall Street Journal said, citing people familiar with the matter on Sept. 4. A special committee of board members has narrowed its list of potential bidders since the company put itself up for sale in August, and is now pushing for quick resolution, the newspaper said.
Additionally, BlackBerry (NASDAQ: BBRY; TSX: BB) and Univision Communications Inc. (UCI), the leading media company serving Hispanic America, on August 26 announced that Univision has purchased 2,000 BlackBerry Q10 smartphones to upgrade all corporate issued BlackBerry smartphones. In addition to upgrading their entire mobile fleet, Univision is offering new BlackBerry 10 apps on the BlackBerry World™ storefront.
Moreover, the company on August 20 has laid off another 100 employees at the smartphone maker’s hub in Waterloo, Ont. The latest cuts come in addition to the 250 employees that were laid off in July, the Financial Post has learned.
Are investors worried about the recent updates with BBRY? Find out with a free trend analysis HERE
J.C. Penney Company, Inc.(NYSE:JCP) shares climbed 5.33% to $14.22. Hedge-fund manager Kyle Bass, of Hayman Capital Management LP, disclosed a 5.2% stake in J.C. Penney Co. Inc. (JCP), placing Mr. Bass among the company's largest stockholders. Mr. Bass holds 11.4 million of the department store retailer's shares, according to a filing with the Securities and Exchange Commission on Sept. 3.
Additionally,Pershing Square Capital Management, L.P., on behalf of its investment funds, said on August 27 that the previously announced underwritten offering of 39,075,771 shares of J.C. Penney Company common stock owned by them, priced to the public at $12.90 per share. J.C. Penney will not receive any proceeds from the sale of the shares by the Selling Stockholders in this offering.
Moreover, the company on August 20 announced financial results for its fiscal second quarter ended August 3, 2013. The company reported net sales of $2.66 billion compared to $3.02 billion in the fiscal second quarter of 2012. For the second quarter, the Company incurred a net loss in the amount of $586 million or $2.66 per share. Adjusted net loss for the quarter was $477 million, or $2.16 per share.
Is JCP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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