Are the stars finally aligning for J.C. Penney (JCP)? Emboldened with a decent result out of its...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

Are the stars finally aligning for J.C. Penney (JCP)? Emboldened with a decent result out of its legal squabble with Macy's and a report that it will show a year-over-year increase in sales for April, the retailer also has heavyweights George Soros and Bill Ackman entrenched as backers. What to watch: Though the sales numbers will improve as they run up against exceedingly soft comps, what CEO Mike Ullman decides to do with the company's real estate portfolio could be the key to solving the JCP riddle. JCP +7.2% premarket.