Week's Biggest Winners, JC Penny And Nine Others

Investing

Published: June 18, 2011 7:48 am

Shares in JC Penney (NYSE: JCP) rose 14.5% for the week as the faltering retailer appointed Ron Johnson, who has run Apple’s (NASDAQ: AAPL) retail stores as its next CEO. The market should be troubled by the role that long-time chief Myron Ullman will play as executive chairman. The description of his duties is vague enough to beg the question of who is in charge.

Shares of Lorillard (NYSE: LO) moved higher by 10% because it appears that regulations of menthol cigarettes will not tighten. Shares of VF Corp (NYSE: VFC) also rose 10% as it bought retailer Timberland for $2 billion.

Douglas A. McIntyre

S&P 500 WEEK TOP 10 (10 JUN – 16 JUN)	Ticker	Weekly Price Change (%)	Close Price 16Jun11	Close Price 10Jun11	Market Cap ($Mil)
J. C. Penney Company Inc.	JCP	14.5	34.27	29.92	7405.7
Lorillard Inc	LO	10.0	109.85	99.85	15786.0
V.F. Corp	VFC	10.0	100.96	91.80	11044.8
CarMax Inc	KMX	7.2	28.76	26.84	6495.5
Tyson Foods Inc.	TSN	5.6	18.08	17.12	5595.6
Best Buy Co. Inc.	BBY	5.6	30.01	28.43	11665.4
Tenet Healthcare Corp	THC	5.4	6.23	5.91	3049.9
Fastenal Co	FAST	4.8	32.46	30.97	9571.2
HCP Inc	HCP	4.7	36.69	35.03	14897.1
Cabot Oil & Gas Corp	COG	4.5	60.43	57.83	6312.9
Source: Capital IQ

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