CNBC Pro

Top investor Hodges: Bet on JC Penney turnaround

Share
Employees assist customers at the checkout counter of a J.C. Penney store.
Michael Nagle | Bloomberg | Getty Images

Craig Hodges, CEO of Hodges Capital Management, took profits in his best-performing stock in the "Platinum Portfolio" this year, replacing it with shares of J.C. Penney.

The fund manager sold out of his position in Eagle Materials, a producer of building materials for residential and commercial construction, locking in a 24 percent gain in the stock since he bought it at the beginning of 2016.

More In Investing

CNBC ProCramer sees rough week ahead for market: 'Let stocks come down a little and then do some buying'
CNBC ProEnergy stocks roar toward their best year in three decades amid recovery in oil