J.C. Penney Co Inc (JCP): Today's Featured Services Winner

J.C. Penney ( JCP) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 1.6%. By the end of trading, J.C. Penney rose $0.84 (5.2%) to $16.99 on light volume. Throughout the day, 9,647,576 shares of J.C. Penney exchanged hands as compared to its average daily volume of 16,354,800 shares. The stock ranged in a price between $16.23-$17.09 after having opened the day at $16.24 as compared to the previous trading day's close of $16.15. Other companies within the Services sector that increased today were: Destination XL Group ( DXLG), up 70.9%, Digital Domain Media Group ( DDMG), up 64.9%, Digital Domain Media Group ( DDMGQ), up 64.9% and Spar Group ( SGRP), up 32.2%.

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. J.C. Penney has a market cap of $3.5 billion and is part of the retail industry. Shares are down 18.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate J.C. Penney a buy, 5 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates J.C. Penney as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow.

On the negative front, VisionChina Media ( VISN), down 12.9%, Armco Metals Holdings ( CNAM), down 9.6%, PokerTek ( PTEK), down 8.3% and Diana Containerships ( DCIX), down 8.2% , were all laggards within the services sector with Sears Holdings Corporation ( SHLD) being today's services sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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