Monday’s Stocks to Watch: Lowe’s, J.C. Penney

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InvestorPlace
Here are a few stocks to keep on your radar: Shares of Lowe’s (NYSE: LOW ) fell 2.8% in early Monday trading after the company missed Wall Street’s first-quarter profit and revenue estimates and warned that full-year results also would miss analysts’ current expectations. Rival Home Depot (NYSE: HD ) slipped 0.3%. J.C. Penney (NYSE: JCP ) gained 5.3% after the company beat first-quarter earnings estimates and said full-year profit would come in above Wall Street’s consensus forecast. Joy Global (NASDAQ: JOYG ) rose 1.1% after news that the company has agreed to buy Rowan’s (NYSE: RDC ) LeTourneau Tech mining equipment unit for $1.1. billion. Rowan shares were up 4.1%. NYSE Euronext (NYSE: NYX ) tumbled more than 10% on news that Nasdaq OMX (NASDAQ: NDAQ ) and IntercontinentalExchange (NYSE: ICE ) had each withdrawn offers to acquire the exchange following discussions with the Justice Department over antitrust concerns. Nasdaq shares fell 0.3%, and Intercontinental gained 3.2%.