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7 Retailers To Watch After JC Penney's Positive Sales Report

7 Retailers To Watch After JC Penney's Positive Sales Report
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Traders may want to watch retailer stocks Wednesday following the J C Penney Company Inc (NYSE: JCP) release of positive same-store holiday sales results on Tuesday.

The following retailer stocks are ranked according to their historical correlation to J C Penney's stock, first being the most correlated:

  1. Nordstrom, Inc. (NYSE: JWN)
  2. Macy's, Inc. (NYSE: M)
  3. Kohl's Corporation (NYSE: KSS)
  4. Bon-Ton Stores Inc (NASDAQ: BONT)
  5. Fred's, Inc. (NASDAQ: FRED)
  6. Stage Stores Inc (NYSE: SSI)
  7. Costco Wholesale Corporation (NASDAQ: COST)

Posted-In: Long Ideas Retail Sales Trading Ideas Best of Benzinga


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