Eagle Daily Investor: German Business Confidence Rises; J.C. Penny Prospects Improve with Financing; Pimco’s Chief Predicts Yields May Climb for Treasuries

Eagle Eye Opener

Germans March Confidently into 2013 (Bloomberg)

Despite a week of sub-par news, German business confidence rose more than analysts expected to reach a 10-month high in February. This surge sent European indexes up:  England’s FTSE 100 rose .81 percent, France’s CAC 40 gained 1.81 percent and Germany’s DAX pushed ahead 1.07 percent. U.S index futures may have taken the confidence as bravura, losing ground this morning. Futures for the DJIA, S&P 500 and Nasdaq fell .34 percent, .63 percent and 1.04 percent, respectively. It doesn’t look like the U.S. market wants to hear anymore good news from Europe — today at least.

JCP Turnaround Gets Huge Shot in the Arm (Bloomberg)

Investors in the U.S. retail sector better get used to the fact that J.C. Penney Co. (JCP) isn’t going anywhere in the near future. In fact, its turnaround bid just got a huge vote of confidence from lenders, who approved changes to the company’s credit-line provisions.  Should it feel the need, JCP can offer convertible, preferred stock without triggering repayment. It also can receive almost $2 billion in loans by putting up real estate or other fixed assets as collateral. Going into the third month of March, the former regal retailer may be readying itself to retake the throne.

Just Being Gross: PIMCO Leader Says Gains Unwarranted (Reuters)

When you run the world’s largest bond fund, you tend to get heard when you comment about the Fed’s latest admission about perhaps ending quantitative easing (QE) short of its intended goal. And that’s exactly what happened when Bill Gross — manager of the $258 billion Pimco Total Return Fund (PTTRX) — commented earlier today that he thought (contrary to popular belief) yields might actually go up for mortgage market and Treasury bonds in light of this news.  Then again, Gross may just be trying to line his own pockets — as he raised PTTRX’s percentage of Treasures to 30 percent in January.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor