Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



J.C. Penney Releases Holiday Sales Numbers; Renren Rallies

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

Wall Street has its proverbial first date with Federal Reserve Chairwoman Janet Yellen tomorrow. Yellen will speak before Congress for the first time since taking the top spot at the central bank from Ben Bernanke on Feb. 1. Stocks were a bit nervous about how it would go for much of the day, but after applying some cologne and talking to itself in the mirror, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) ended with gains on Monday. While the Dow finished in the black, it added just 7 points, or less than 0.1%, to end at 15,801. 

In courting Yellen tomorrow, Wall Street will want to know things like: "Do you even like quantitative easing?" "Are you committed to it for the long term?" and "How big is this stimulus package going to be?" or "How long will it last?"

Walt Disney (NYSE: DIS  ) stock has all the ingredients it takes for companies to last a long time. My colleague Chad Henage thinks Disney has an entertainment pipeline that allows it to keep clobbering the competition for years to come, and I tend to agree with him. So does Wall Street, which sent the stock up 1.8% today; shares are up more than 10% in the past five sessions, as investors continue to applaud Disney's blowout fourth quarter.

Shares of J.C. Penney (NYSE: JCP  ) also posted nice gains Monday, adding 3.6% in trading after finally releasing its holiday same-store-sales figures. Many shareholders feared same-store sales growth would be a catastrophe when the department store infamously issued a terse press release about its holiday sales last month -- a press release that included no specific numbers about its holiday sales. Now we know that J.C. Penney's same-store revenue grew by 3.1% in November and December from the same period in 2012, which isn't setting any records, but still gives some hope that the company is on the right path once again.

Lastly, shares of Chinese social networking website Renren (NYSE: RENN  ) tacked on 5.6% Monday on heavy trading volume. An acquisition offer by e-commerce giant Alibaba to purchase AutoNavi Holdings gave Chinese tech stocks a lift today. The offer doesn't, strictly speaking, affect Renren, which already sold off the remaining portion of its daily deals site to search giant Baidu in January.

The Motley Fool's 3 stocks to own forever
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love. 

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2833266, ~/Articles/ArticleHandler.aspx, 8/31/2015 7:12:55 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

John Divine

Fool since 2012, unique fingerprints since birth. Age 7: Put lifetime savings ($18.37!) in the bank, became disillusioned with low interest, and a fascination with the stock market was born.

Today's Market

updated 2 days ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:55 PM
^DJI $16643.01 Down -11.76 -0.07%
DIS $102.48 Up +0.31 +0.30%
Walt Disney CAPS Rating: *****
JCP $8.94 Up +0.47 +5.55%
J.C. Penney Compan… CAPS Rating: *
RENN $3.24 Up +0.04 +1.25%
Renren Inc. CAPS Rating: *