Morgan Stanley Reports Weaker Than Expected Quarterly Profit; J.C. Penney Shares Continue Sliding


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NYSE:MS / NYSE:JCP / PK:FRTD / OTC:BB:AHII
02/14/2014 [ACCESSWIRE]

Morgan Stanley (NYSE: MS) – For an in-depth report on Morgan Stanley follow: www.BullTrends.com/stockquote/MS

Shares of Morgan Stanley closed down nearly 3% this past Friday on about 21.4 million shares traded. The stock was one of the biggest decliners on the NYSE as well as one of the most active. The company posted far weaker-than-expected quarterly profit. The company’s bond trading revenue plunged 21 percent, and mortgage lending revenue fell 84 percent from the same quarter last year.

J. C. Penney Company, Inc. (NYSE: JCP) - For an in-depth report on J. C. Penney Company, Inc. follow: www.BullTrends.com/stockquote/JCP

Shares of JCP closed down nearly 10% on Friday with about 36.7 million shares traded. The stock was one of the biggest decliners on the NYSE. There was no apparent news to explain the decline. J.C. Penney posted a small profit in the quarter ended in January.

Fortitude Group, Inc. (OTC: FRTD) - For an in-depth report on Fortitude Group, Inc. follow: www.BullTrends.com/stockquote/FRTD

Shares of FRTD closed down 28.37% this past Friday on 38.7 million shares traded. Earlier last week the company received an initial order of 5,000 VaporVites. Fortitude's cost to manufacture each VaporVites unit is $29.00. The wholesale cost to the dispensary is $89 or a profit per unit of $60.00 representing $300,000.00 profit for this initial order. Under the terms of the agreement, the dispensary paid a 25% deposit for the initial order with the balance to be paid upon product delivery. The estimated delivery time to the dispensary is April 20, 2014. The dispensary has an option to purchase an additional 25,000 units within the next 3 months at a 10% discounted wholesale price or $80.10 per unit.

American Heritage International Inc. (OTCBB: AHII) – For an in-depth report on American Heritage International Inc. follow: www.BullTrends.com/stockquote/AHII

AHII shares closed down 6.45% this past Friday. It was one of the top traded stocks on the OTCBB. Earlier this month the company announced that its premium brand of disposable electronic cigarettes will be available for sale within the states of Nevada and Illinois as it expands its distribution across the nation. With these additions, customers can now purchase American Heritage™ in eleven States including: Arizona, California, Florida, Illinois, Nevada, New Mexico, New York, North Carolina, Ohio, South Carolina, and Texas.

 

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