Gap Is Winning [Seeking Alpha]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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US:NYSE Investor Relations:
ir.jcpenney.com
Company Research
Source: Seeking Alpha
Summary In stark contrast to many other retailers, GPS reported strong Holiday sales. The strong Holiday sales update is a continuation of a year-long upward comps trend. We think the company can stabilize annual earnings around $2 per share with potential growth driven by tax cuts and increased consumer spending. We like the stock here considering the attractive valuation and the upward trajectory in comps. Despite surging more than 10% after-hours on Thursday, 1/5, on a strong Holiday sales update, shares of Gap (NYSE: GPS ) retreated in trading on Friday, 1/6, to close up less than half a percent. A weak Holiday sales update from J.C. Penney (NYSE: JCP ) coupled with concerns about the longevity of Gap-owned Banana Republic are likely reasons why the stock failed to hold its gains, but we think the subsequent sell-off following tremendous news creates a buying opportunity here. Click to enlarge (Source: MarketWatch ) GPS stock poppe
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