A Coronavirus Department Store Pair Trade Idea To Mitigate Risk [Yahoo! Finance News]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: Yahoo! Finance News
Department store stocks and other shopping mall retail stocks already struggling to compete withAmazon.com, Inc.AMZNPast U.S. recessions created long-term buying opportunities within the department store group, but traders may need to be a bit more creative this downturn to protect their investments.Department Store StocksBerna Barshay, editor and research analyst at Empire Financial Research, on Monday discussed the outlook for department store stocks and why many of them aren’t obvious buy-the-dip opportunities.A surge in department store credit default swap sales suggests hedge funds are growing increasingly concerned than many department stores may be unable to avoid bankruptcy. Hedge funds buy CDSs as a way to either hege a long position in a stock or establish a short position in a company in financial distress.Fighting For SurvivalOne stock that appears to be in particularly dire financial straits isJ C Penney Company IncJCPAt the same time, Barshay said there are potential inv
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