J.C. Penney (JCP) Stock Higher Following Thanksgiving Day Opening

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Go back to J.C. Penney (JCP) Stock Higher Following Thanksgiving Day Opening

Black Friday Kings or King of Fools? (JCP) (M) (WMT) (AEO)

December 2, 2013 12:20 PM EST

Wal-Mart Stores Inc. (NYSE: WMT), Macy's, Inc. (NYSE: M), and J. C. Penney Company, Inc. (NYSE: JCP) were the winners on Black Friday, thinks analyst Paul Trussell of Deutsche Bank.

"In our view, WMT took the cake with an impressive one-hour guarantee on 21 items and sell-outs of the majority of its Door Buster deals, despite having large quantities available," said Trussell.... More