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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.

 herbgreenberg

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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    - Nov 16, 2012 3:15 PM ET
  • Sears to exit S&P 500

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    The ailing retailer, which owns Sears and K-Mart chains as well as apparel brand Land's End, will exit the index at the close of trading on Tuesday, Sept. 4, said S&P late Wednesday.

    S&P said the number of Sears shares available to the public, known as its public float, has long been below the 50% threshold needed to be considered MORE

    - Aug 30, 2012 10:55 AM ET
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    Investors are discerning shoppers when it comes to retail stocks.

    The clear winners appear to be big-box stores such as Wal-Mart and Target, while specialty outlets such as office supply chain Staples are bringing up the rear.

    Shares of Target (TGT) rose to a new 52-week high Wednesday after it reported better-than-expected quarterly earnings and raised its forecast for full-year profits. The stock has gained 26% so far this year, outperforming Wal-Mart's MORE

    - Aug 15, 2012 2:13 PM ET
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