J. C. Penney Company Inc. (JCP) was a big mover last session, as the company saw its shares jump over 8% on the day. This rise can be attributable to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up over 47% in the past one-month time frame.
Although J. C. Penney witnessed 2 downward revisions in the past month, the Zacks Consensus Estimate moved higher over the same period. However, the recent price action appears encouraging, so make sure to keep a close watch on this firm in the near future.
J. C. Penney currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More
Other players in the retail industry, which look attractive at current levels include Rite Aid Corporation(RAD) and TravelCenters of America LLC (TA) with a Zacks Rank #1 (Strong Buy). Alongside, Best Buy Co.,Inc (BBY) with a Zacks Rank #2 (Buy) can be considered.
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