Since bottoming in July, J.C. Penney shares have snapped back 50 percent. Brian Nagel, an analyst at Oppenheimer, has an “outperform” rating on the stock said the company has done well merchandising and revamping its stores, a key factor if it is to gain market share.
(Read More:20 Stocks with the Potential to Pop.)
FedEx slashed its guidance for 2013 this week, but tthe stock can continue to deliver,according to both Brandon Oglenski, a transportation analyst at Barclays, and S&P Capital IQ analyst Jim Corridore. Oglenski maintains a “buy” on FedEx and Corridore has a “strong buy” on the stock.
It's football season and analysts are bullish on the grocers and beverage stocksthat could benefit. Jonathan Feeney, an analyst at Janney Montgomery Scott, likes
ConAgra , while Bill Schmitz, a senior analyst at Deutsche Bank, has "buy" ratings on Coca-Cola and PepsiCo.
(Read More:Fine-Tuning Your Global Economy Portfolio.)
A long-term investor also expects Johnson & Johnson shares to make new highs after spending the better part of the decade trapped below $70.
—By CNBC.com’s Justin Menza
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