It's been one of the biggest boardroom battles of the year: The fight for future of JC Penney.

And now that one major player is now out of the picture, several other hedge fund titans have rushed in to take his place.

Last week, it was announced that Bill Ackman's Pershing Square sold off all of its 39.1 million shares of JC Penney, representing a stake of roughly 17.7% of the company. Shares are down 5% since the day that news hit the wire.

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Ackman's tenure on JC Penney's board of directors was contentious, to say the least. After his choice of CEO, Ron Johnson, was fired after his disastrous year-and-a-half on the job, Ackman made several public statements about how the search process for Johnson's replacement should go. Former CEO Myron "Mike" Ullman is back at his old job, at least temporarily.

A frustrated Ackman decided to unload all of his JC Penney shares, ending his three-year attempt at turning around the company. In the end, Ackman was able to only get back $504.4 million, losing over $470 million on the deal.

But Ackman wasn't the only hedge fund chief who bought into JC Penney. And, some have even increased their stake as Ackman walked away.

Kyle Bass of Hayman recently reported at 5.2% stake in company. George Soros bought 2 million more shares in the second quarter of 2013, bringing his stake to nearly 20 million shares, or about 9.1%. Even Richard Perry, who agreed with Ackman that Ullman should not have come back, increased his holdings by 3 million shares and now has an 8.6% stake in JC Penney.

(Read: Penney takes step to ward off any hostile takeovers)

So, with these giants now in JC Penney, should you buy along with them or is it too late for the company to turn itself around once more after its turnaround.

Adding insight to this are John Stephenson, portfolio manager at First Asset Investment Management, and Jonathan Krinsky, Chief Technical Market Analyst at Miller Tabak. Stephenson looks at JC Penney's fundamentals while Krinsky examines the company's charts.

Are the big hedge funds right? Should you buy JC Penney? Watch the video above to see what Stephenson and Krinsky have to say about this company.

Retail investors are bailing out of bonds. Are they overreacting or is it really time to call it quits on fixed income?

It's no secret that bonds have been in a giant selloff since May. That was when Federal Reserve Bank Chief Ben Bernanke hinted to Congress that there was a possibility the Fed could taper its $85 billion per month bond-buying program.

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