Seeking Alpha Author Darren McCammon joins Cheddar to discuss why investing in JCPenny's small bond $KTP may be more beneficial than investing in the company stock.
He says that in order for the investment to be successful, JCPenney has to basically just stay afloat. It doesn't have to be doing well. And at this point, that may be a good thing, because the retailer's "reinvention" of itself isn't yielding the best results. McCammon says it's doing well in its electronics and appliances divisions, but lagging in women's clothing...which used to be the crux of the business.
Plus, how does it stack up against Sears? McCammon says Sears' debt load is a much bigger problem than JCPenney's. He expects the troubled company to go bankrupt after the holiday season. This will benefit JCPenney, because Sears customers will move their money over.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
