Avon and 2 Hot Stocks Defying the S&P 500 Down Draft

The S&P 500 (NYSEARCA:SPY) is up today by 1.15% and stands at 1,211. Here are three winning stocks with hot news.

Avon Products (NYSE:AVP) gains 10% at the open following yesterday’s announcement that the company is looking for a replacement for chief executive Andrea Jung. Citigroup likes the move and has faith that the beauty products firm can improve, but says change takes time and “there is no easy fix.” So far today, Caris and BMO Capital have upgraded the stock. AVP shares recently traded at $17.10, up $0.96, or 5.95%. They have traded in a 52-week range of $16.09 to $31.60. Volume today was 15,846,455 shares versus a 3-month average volume of 5,968,980 shares. The company’s trailing P/E is 10.05, while trailing earnings are $1.70 per share.

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Progressive Corporation (NYSE:PGR) climbs despite a waning stock market. The insurance firm reports a November net income of $0.20/share vs $0.17/share this time last year, with a 6% Y/Y rise last month to $1.07B in net premiums written. PGR shares recently traded at $18.65, up $0.66, or 3.67%. They have traded in a 52-week range of $16.88 to $22.08. Volume today was 7,491,624 shares versus a 3-month average volume of 5,519,670 shares. The company’s trailing P/E is 11.43, while trailing earnings are $1.63 per share.

J.C. Penny (NYSE:JCP): The retailer continues to find strong bidders on holiday season bets the former Apple executive can change company fortunes. JCP shares recently traded at $32.46, up $0.58, or 1.82%. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 2,281,859 shares versus a 3-month average volume of 4,948,040 shares. The company’s trailing P/E is 35.48, while trailing earnings are $0.92 per share.

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