Skechers, JetBlue Shares Will Take Off Says Hennessy Fund Manager

JetBlue shares will head higher due to lower oil prices and the passing of the Ebola scare, said Brian Peery, portfolio manager for the Hennessy Cornerstone Mid Cap 30 Fund. Peery added that JetBlue will also benefit from its decision to target business fliers and more affluent travelers. He is also bullish on Skechers despite the stock's huge move this year, saying the shoe retailer has a cheap valuation and strong revenue growth ahead. Finally, Peery is positive on J.C. Penney due to the retailer's ability to profit from middle income customers who will be looking for values this holiday season.