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On today's edition of "MarketFoolery," the daily podcast from The Motley Fool, we discuss the following topics:

Uncle Sam has reached new heights, just not the good, we-just-landed-on-the-moon type of heights. No, today the federal government officially hit the $14.3 trillion debt ceiling. So what is the practical impact for investors?

J.C. Penney (NYSE: JCP) reported better-than-expected earnings thanks to strong sales of its exclusive merchandise as well as some cost-cutting. If shares of J.C. Penney up around 40% over the past year, why are our analysts down the company?

Walt Disney (NYSE: DIS) has filed its trademark application for "Seal Team 6." Does this mean future competition for Hasbro's (NYSE: HAS) G.I. Joe? And what are the chances Disney's application is denied? A special guest joins the conversation to help us wade through the legal jungles.

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Chris Hill owns shares of Disney. Motley Fool newsletter services have recommended Walt Disney and Hasbro. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.