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Traders will want to watch retailer stocks Wednesday following the JC Penney Company Inc JCP release of positive same-store holiday sales results on Tuesday.
The following retailer stocks are ranked according to their historical correlation to JC Penney Company's stock, first being the most correlated:
1. Nordstrom, Inc. JWN
2. Macy's, Inc. M
3. Kohl's Corporation KSS
4. Bon-Ton Stores Inc BONT
5. Fred's, Inc. FRED
6. Stage Stores Inc SSI
7. Costco Wholesale Corporation COST
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