The latest pop in its stock price means that JCP is now up more than 24% year to date. We had removed shares of JCP from our "Recommended" list back on Sept.22, when shares were trading at $38.11. The company has a 3.54% dividend yield, based on last night's closing price of $22.60. The stock has technical support around the $14-$15 price area. If the shares can firm up, we see overhead resistance around the $25-%28 price level. We would remain on the sidelines for now, but do like the news we are seeing. J.C. Penney is not recommended at this time, holding a Dividend.com DARST Rating of 3.1 out of 5 stars.
Wal-Mart is not recommended at this time, holding a Dividend.com DARST Rating of 3.4 out of 5 stars.