Last week J C Penney Company Inc (NYSE:JCP) reported earnings
that were not horrible, unlike many other retailers. The stock was already trading near 52 week lows and has held up well, also unlike many other retailers. I believe this to be the sleeper pick of all the retail sector. It is currently trading just above a major double bottom support level
at $6.00. The reason it has not rallied sharply on earnings
is because investors fear a tariff on imports imposed by President Donald Trump. Based on the earnings
and stock chart support level
, I would nibble here and am nibbling here.