J.C. Penney is Now One of the Hottest Stocks in the Market
Shares of J.C. Penney are suddenly some of the hottest in the entire stock market. After a challenging 2013, J.C. Penney has finally begun to show signs of life in its stores thanks to the addition of new merchandise and more compelling discounts. There are also signs the company will turn a profit by the 2014 holiday season after 2 years of cost-cutting. Belus Capital Advisor's Brian Sozzi thinks J.C. Penney is now able to attract a new long-term shareholder base instead of raising capital.
At the time of publication, Sozzi was long XXX, although positions may change at any time.
At the time of publication, Sozzi held no position in the stocks mentioned.
Brian Sozzi is the CEO and Chief Equities Strategist of
. He is responsible for developing and managing an equities portfolio of mid- and large-cap positions, in addition to leading the firm's digital content initiatives. He is also a personal finance columnist for
Men's Health
magazine.
