In ‘What’s Ahead on Wall Street’ for Friday Feb. 26, the two companies we’re focusing on are Foot Locker (FL) and J.C. Penney (JCP). Investors will be curious to see how J.C. Penney is doing since we’ve heard from others this week. Wall Street’s estimates are for profits of $0.23 a share on revenue of about $4 billion. Both the top and bottom line are expected to be higher than a year ago. Overall, investors will be monitoring its improvements and looking at same-store sales. But, analysts believe e-commerce sales are weak compared to its rival’s. On top of that, we’ve got several things on the economic calendar. The day begins with GDP and personal income and spending, followed by consumer sentiment at 10 a.m. Eastern. Then at 10:15 a.m., both the Fed governor Jerome Powell and San Francisco Fed head John Williams will be on panel in New York. TheStreet’s U-Jin Lee reports from Wall Street.
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