1) J.C. Penney (JCP)
That's right. The beleaguered department store chain from Dallas has the dubious honor of being able to claim the top and bottom spots in the S&P 500. Clearly, it's worst-in-class 57% year to date decline was overdone and intrepid investors have been moving back in since late October. A better than expected earnings report and guidance last week also helped keep the rally alive in a stock that has only two buy ratings from the twenty-three analysts who cover it.
Since bottoming out at $6.24 on October 22nd, the embattled chain has gained 34%, with about a third of that, or 11.6%, coming in November. That's good enough to earn J.C.
Penney the third spot. (more)
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