Goodbye, Sears (SHLD) .
The company began filing for bankruptcy Sunday Oct. 14.
It announced that it was liquidating inventory instead of seeking a sale of the company.
But why is everyone suddenly comparing Sears to JC Penney? Is it the fact that both companies have posted bad earnings for a number of quarters now or is something more?
Martin Baccardax, London Bureau Chief for TheStreet breaks it down for investors trying to find the connections between the two stores.
Zev Fima, an analyst for Jim Cramer's Action Alerts Plus portfolio, also weighed in, saying that JC Penney could be right in the middle of the sweepstakes for Sears inventory. JC Penney (JCP) could buy tons of Sears inventory at a steep discount to market, which could act as at least somewhat of a tailwind to its margins.
JC Penney is Real Money's stock of the day for Monday, Oct. 15.
Earnings season officially kicked off on Monday. Netflix NFLX is set to announce earnings on Tuesday, Oct. 16. Other companies releasing earnings this week include Goldman Sachs (GS) , IBM (IBM) , Domino's (DPZ) , UnitedHealth Group (UNH) , Morgan Stanley (MS) , Johnson & Johnson (JNJ) .