J.C. Penney Logs a Quarterly Miss, GM Goes Wireless, and 3 More Hot Stocks
J.C. Penney (NYSE:JCP): Despite a sharp miss on earnings with earnings per share of -$2.16 that fell $1.10 off expectations, as well as a slight revenue miss — $2.66 billion, off by $0.01 billion — J.C. Penney shares are up as executives remain confident that a corner has been turned and that liquidity will improve by the year’s end. The company’s online operations are showing promise, while early reports on the back-to-school season are also looking good.
General Motors (NYSE:GM): GM will soon be installing wireless smartphone charging capabilities in some 2014 models powered by a new technology from Powermat. While among the first American manufacturers to install the nifty feature, GM joins Toyota (NYSE:TM), which has already put a wireless charging option in the latest Avalon sedan.
Hewlett-Packard (NYSE:HPQ): HP is ready to offer its blade servers that support Nvidia’s (NASDAQ:NVDA) Grid server GPU platforms, allowing remote access to GPU resources for apps like PC virtualization — software vendors Citrix, VMware, and Microsoft are on board — and cloud-based gaming. Servers that feature GPU-packed Grid boards intended to enable PC virtualization will arrive later this year, starting below $9,000.
Groupon (NASDAQ:GRPN): Groupon is launching the Groupon Partner Network, a platform that will manage all of the company’s affiliate marketing related to the deals and products that the social media marketer sells. The initiative will be pushed through some 10,000 content publishers in 34 countries to help publicize Groupon deals, goods, and other services, TechCrunch reports.
Netflix Inc. (NASDAQ:NFLX): The video streamer will be “the exclusive U.S. subscription television service” for first-run films from The Weinstein Company starting in 2016, the company says. Netflix subscribers will receive access to theatrically released Weinstein films “instantly in the pay-TV window.” Popular Weinstein films include Django Unchained and Silver Linings Playbook; the studio is also currently working on Kill Bill: Vol. 3 and Crouching Tiger Hidden Dragon II, among other projects.