Retailer Stocks To Watch Following JC Penney's Positive Sales Report

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