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.
Blake Bos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.