Shares fall nearly 13% as investors continue to be skeptical about CEO Ron Johnson's turnaround strategy. To entice shoppers during the holidays, Penney will give away buttons with codes that could lead to prizes such as a Disneyland trip.
Canaccord initiates Kraft Foods with a 'buy' and Mondelez with a 'sell.'
The firm also downgrades AMD, Intel and Marvell.
The struggling retailer is doing whatever it can to lure back customers these days.
Competitors can only marvel at this winner's simple formula: Sell tons of products people want while maintaining good service and low costs.
AstraZeneca is downgraded to 'underweight,' and Oracle is initiated with a 'buy.'
Sprint is upgraded to 'buy,' while Coca-Cola is downgraded to 'neutral.'
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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