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3 Things To Watch At JC Penney

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J C Penney Company Inc (NYSE: JCP) will report on Thursday after the close and is expected to earn $0.11 per share on revenues of $3.86 billion.

What To Watch

  • Traffic was strong in stores during the holidays and the recent talk about a REIT spin-off much like Sears has helped to warm investors' hearts.
  • J C Penney results are a coin toss however; the company has reported a surprise beat on the last five quarterly reports.
  • For what it's worth, the CDS curve across all years for the company -- going out 10 years -- have all dropped since Jan 23. 6M fell from 350 to 200 and 1Y fell from ~400 to 300, signaling strong expectations JC Penney will service its debt in the near term.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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