Cramer Favorite, J.C. Penny (JCP) Getting Slammed Today

One of Jim Cramer's favorite retail plays is getting slammed today. J.C. Penney (NYSE: JCP) is currently trading down 14% after it lowered its Q1 profit forecast. Jim Cramer was telling viewers of Mad Money to buy JC Penney ahead of Ralph Lauren (NYSE: RL) opening stores within J.C. Penney. Cramer also was a big fan of J.C. Penney because of its explosive e-commerce business. At least this call was not another Bear Stearns (NYSE: BSC). [JT]

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