In the following video, Motley Fool consumer goods analyst Blake Bos gives J.C. Penney (NYSE: JCP ) investors three pieces of news pushing the stock up lately. He tells us about one reputable brand the company has made a deal to sell in-house that investors are excited about. He also discusses JCP's plan to refresh some of its workforce at headquarters, and talks about how the company has finally received clearance to raise billions in debt and equity financing, without violating its covenants.
J.C. Penney has been a train wreck whose comeback always seems just around the next earnings corner, but people are beginning to doubt if CEO Ron Johnson can weave the same magic that he did at Apple. Investors wondering whether J.C. Penney is a buy today are invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about JCP's turnaround -- or lack thereof -- and, as a bonus, you'll receive a full year of expert guidance and updates as key news develops. Simply click here now for instant access.