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JCP: Proceed with caution?

Thursday, 1 Aug 2013 | 2:41 PM ET

JC Penney has bounced back today after reports that the company's credit for shipments was cut by CIT Group. Jan Kniffen, Worldwide Enterprises; William Frohnhoefer, BTIG; and Deborah Weinswig, Citi, take a look at what is going on with the stock.