In the following video, Fool analysts Jeremy Bowman and Isaac Pino take a look at the bull thesis behind J.C. Penney. The stock has been battered over the past year as same-store sales have tumbled and CEO Ron Johnson's revamp has struggled. But there could be a light at the end of the tunnel, and significant upside potential for the stock given its recent contraction. Industry peers have voiced their support for Johnson's model, and certain key indicators are pointing in the right direction. Check out the video to learn what you should look for.

Isaac Pino has no position in any stocks mentioned. Fool contributor Jeremy Bowman owns shares of Apple. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.