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What to Watch Friday: J.C. Penney Results

On Friday, November 11, investors await quarterly results from J.C. Penney.
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On Friday, November 11, investors await quarterly results from J.C. Penney (JCP) - Get Free Report . Before the markets open, J.C. Penney is expected to post a quarterly loss of $0.21 a share on sales of $2.96 billion. During the same quarter a year ago the retailer posted a loss of $0.47 a share with revenue of $2.9 billion. Analysts will be looking for more updates on the retailer's turnaround strategy. It's a light day on the economic calendar with the University of Michigan's consumer sentiment survey out at 10 a.m. EDT. Federal Reserve Vice Chair Stanley Fischer is giving a speech in Santiago, Chile at 11 a.m. Plus, the Baker-Hughes (BHI) rig count for this week is unveiled at 1 p.m. TheStreet's Scott Gamm reports from Wall Street.