Stocks started the week higher at Monday’s opening bell. Alcoa (AA) will unofficially kick off the earning season as it reports after Monday’s close. Analysts are expecting profit at S&P 500 companies to grow about 2% in the last quarter of 2014. J.C. Penney (JCP) will likely take a total charge of $38 million to shut down its 40 stores. The retailer will absorb the majority of the charges in the fourth quarter of fiscal 2014. The New York Times (NYT) is reporting Citigroup (C) and Wells Fargo (WFC) are the banks most tied to the drop in oil prices. The newspaper cites the vulnerability to lending for energy deals.
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