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Sears' stock sinks on poor results

February 28, 2013: 3:15 PM ET

http://i2.cdn.turner.com/money/dam/assets/130228144549-sears-store-614xa.jpg

It's a tough week to be a retailer in search of customers. First, the shares of J.C. Penney (JCP) cratered after the Ron Johnson-led retailer reported abysmal fourth-quarter numbers Wednesday night.

Next up: Sears (SHLD). The iconic retailer can't turn a profit or get customers excited about its merchandise or Kmart's. After reporting yet another quarter of steep losses early Thursday, Sears' stock dropped nearly 5%.

Releasing results so close to JCPenney at least makes Sears look good by comparison. At least by many StockTwits traders.

Best thing that ever happened to $SHLD: $JCP

 retail_guru
Even consensus dog Sears is benefiting from Penney tailwind and managing sell-thru & inventory better than Kohls $KSS $JCP $SHLD

Like J.C. Penney, Sears has a major hedge fund manager backing it in Eddie Lampert. Tough day for both Lampert and Pershing Square's Bill Ackman, who's been a fan of J.C. Penney's CEO.

 Ritholtz
Hedge fund managers don't seem to have an aptitude for investing in (or running) retailers $SHLD $JCP $$

Still not all traders were equally down on Sears. At least one saw signs of hope in Sears' results.

 firstadopter
$SHLD domestic comps 0.8%, better than $TGT almost as good as $WMT Wow

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Maureen Farrell
Maureen Farrell
Staff writer, CNNMoney

Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.

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