Exelon Corporation (EXC), Visa Inc (V) & Mastercard Inc (MA): Yesterday’s Three Worst Stocks

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Shares collapsed into freefall near the end of the day after it was reported that clothing industry lender CIT will no longer support smaller firms that manufacture products for J.C. Penney Company, Inc. (NYSE:JCP). CIT reportedly made the decision after getting a look at J.C. Penney’s financials, which haven’t impressed anyone this year. The retailer has struggled to dig out of the hole exacerbated by former CEO Ron Johnson, whose failed turnaround attempt has mired the firm in a toxic mess of falling same-store sales and a plunging stock price. Until this retailer shows signs of life, J.C. Penney is one diving stock that isn’t worth a turnaround bet.

The article Today’s 3 Worst Stocks originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Exelon and Visa. It recommends and owns shares of MasterCard.

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