March 18, 2013
The following video is from Monday's Investor Beat, in which host Chris Hill and analysts Tim Hanson and Jason Moser dissect the hardest-hitting investing stories of the day.
J.C. Penney (NYSE: JCP ) rises after one analyst says the retailer could unlock $1.2 billion in value by converting its top locations into a REIT. Rackspace Hosting (NYSE: RAX ) climbs on reports that IBM (NYSE: IBM ) may acquire the IT company. Shares of Verizon (NYSE: VZ ) hit a new 52-week high after an analyst upgrade. And Glu Mobile (NASDAQ: GLUU ) climbs after the video game company says it's going to get into the online gambling business. In this installment of Investor Beat, our analysts discuss what it means for investors.
J.C. Penney has been a train wreck whose comeback always seems just around the next earnings corner, but investors are beginning to doubt that CEO Ron Johnson can weave the same magic that he did at Apple. If you're wondering whether J.C. Penney is a buy today, you're invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about J.C. Penney's turnaround -- or lack thereof. Simply click here now for instant access.
The relevant video segment can be found between 3:04 and 4:54.