Is Kellogg 'Great,' Or Just OK?

The better-than-expected results reported by J. C. Penney Company Inc. (JCP), and the strong outlook it provided yesterday drove the company’s stock up 5.86% in trading hours, on top of the 23% gain in its price in the pre-market trading session.

By Renaissance Capital IPO Research: Despite the drop-off in new issues this year, filing activity has proved surprisingly resilient in the U.S., with 259 initial submissions to the SEC, matching the number seen in 2010. With one week left in 2011, the final total for IPO filings this year could well exceed last year's. 2011 could become the third most active year for U.S. IPO filings over the last decade, trailing only 2004 (315 filings) and 2007 (299 filings).

Although payroll job growth slowed sharply in May, with only 54,000 net jobs added, job growth this year is well ahead of 2010. Note: I'll have an update to my economic outlook later.The first table below shows payroll job growth in 2010 and 2011 through May (excluding Census hires in 2010). The third column is total payroll growth for 2010.Although job growth is sluggish relative to the slack in the labor market (with the unemployment rate at 9.1%), 2011 is clearly better than 2010 through May.

Zacks.com submits: Shares of aluminum giant Alcoa Inc. (AA) advanced 3% after the company reported results for the second quarter of 2010, reversing the trend of consistent decline in the share price since its first quarter 2010 results.

By Bargain Bin:AT&T (T) is one of the two dominant U.S. wireless carriers, competing with the other telecom giant Verizon (VZ). Together these two companies service 60% of wireless customers.

Earlier ...• Case Shiller: National Home Prices Hit New Low in 2011 Q1• Real House Prices and Price-to-Rent: Back to 1999• The Excess Vacant Housing Supply• Home Prices Graph Gallery

Todd Feldman submits:Based on anecdotal evidence and behavioral finance modeling, we suggest that the US stock market in 2011 will be similar to 2004. Let's take a look at the calculated return of the S&P 500 based on data from Yahoo Finance from 2000-2002, 2003, 2008, and 2009-2010. Table 1: S&P 500 Return Comparison

Richard Suttmeier submits: Back in March 2007, I predicted Recession in 2008 / 2009, with GDP at the end of 2009 below that of 2008 for the first time since 1948-1949. This proved correct as current dollar GDP declined 1.3% in 2009. I also predicted that the stock market would enter a bear market in 2007 and from its October 2007 high of 14,198 declined 54.4% to 6,470 at the beginning of March 2009, when I predicted a 40% to 50% rally.