The following video is from Friday's Investor Beat, in which host Chris Hill, and Motley Fool Supernova analyst Matt Argersinger, dissect the hardest-hitting investing stories of the day.
Shares of J.C. Penney fall hard yet again today, as the company announces plans to sell 84 million new shares, which will dilute current shareholders by 38%. In today's lead story on Investor Beat, Matt gives his opinion on why J.C. Penney would issue new shares when the stock is at a 13-year low, and discusses his thoughts on the future of the company.
Also, Matt and Chris discuss the potential coming government shutdown in Washington D.C., and how investors should plan as the story develops.
And finally, Matt tells investors why he's going to be keeping an eye on shares of Paychex over the next week, and what he likes about the company compared to its competition.
