On June 30th 2010, Allan Edwards commented on Jim Cramer's CANDIES portfolio, an acronym for Chipotle (CMG), Apple (AAPL), Netflix (NFLX), Deckers (DECK), Intuitive Surgical (ISRG), Express Scripts (ESRX) and Salesforce (CRM). Edwards made the swap, switching the fast growing Deckers Outdoor Corporation (NASDAQ: DECK) for the stable J.C. Penney Company, Inc. (NYSE:JCP) saying that JC Penney, which had been beaten down to a pulp has bottomed and could rise 30%.
Since his call, the stock has risen over 50%, outperforming Deckers which is up a mere $3 in the same period. JCP is up another 2.8% in afternoon trading today, while DECK is struggling to break even on the day.
To read Edwards' full report, click here.
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