In this article, I present the technical and fundamental metrics of the stock to conclude that JPM is rich in valuations and even though it may extend its rally, one must not make fresh investments at the current level. I will also provide a safer investing level for investors to consider.
I first discussed JPMorgan Chase & Co (NYSE: JPM) in my August article titled Bank On Banking Stocks To Make You Money in which I contended that,
“Recently, JPM shares entered into a contracting range, but from the looks of it, the stock may have pierced the resistance and is ready to revisit its all-time highs (and maybe higher). Indicators remain supportive, and further strengthen the bullish outlook.”
At that time, JPM was trading close to $65 per share and today it is trading close to all-time highs at $86.29. This is a fabulous return of more than 30 percent in less than 6 months.
top shares: Noah Holdings Ltd.(NOAH)
- [By Monica Gerson]
Noah Holdings Limited (ADR) (NYSE: NOAH) is estimated to post financial results for its latest quarter.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
top shares: Frontline Ltd.(FRO)
- [By Rich Smith]
So what is it that’s supporting DHT’s stock price in the face of sliding shipping rates for crude oil, retreating revenue, and plunging profits? Well, for one thing, rival tanker companyFrontline (NYSE:FRO) made an unsolicited bid to acquire DHT last week, offering to pay $475 million for the company. (DHT is currently valued at $460 million.)
- [By Lisa Levin]
Wednesday afternoon, the energy shares surged 1.23 percent. Meanwhile, top gainers in the sector included Frontline Ltd. (NYSE: FRO), up 5 percent, and JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO), up 6 percent.
- [By Shanthi Rexaline]
Frontline Ltd. (NYSE: FRO) is projected to post a loss in the second quarter, translating to a zero dividend, Credit Suisse said in a Tuesday note. Notwithstanding the negative opinion, the shares of the company were up in reaction to the possibility of a deal being struck.
top shares: PriceSmart, Inc.(PSMT)
- [By Demitrios Kalogeropoulos]
As for individual stocks, PriceSmart (NASDAQ:PSMT) and Ryerson (NYSE:RYI)attracted heavy investor interest in the wake of their quarterly earnings reports.
- [By Monica Gerson]
Wall Street expects PriceSmart, Inc. (NASDAQ: PSMT) to post its quarterly earnings at $0.88 per share on revenue of $775.12 million. PriceSmart shares rose 0.01 percent to $82.84 in after-hours trading.
- [By Peter Graham]
A long term performance chart shows Costco Wholesale Corporation outperforming Wal-Mart Stores, Inc (NYSE: WMT) which owns direct competitor Sams Club and small cap Latin America and the Caribbean membership shopping warehouse club PriceSmart, Inc (NASDAQ: PSMT):
- [By Monica Gerson]
PriceSmart, Inc. (NASDAQ: PSMT) is projected to post its quarterly earnings at $0.88 per share on revenue of $775.12 million.
Ruby Tuesday, Inc. (NYSE: RT) is expected to post its quarterly earnings at $0.05 per share on revenue of $284.14 million.
top shares: Xcel Energy Inc.(XEL)
- [By Shauna O’Brien]
Jefferies announced on Wednesday that it has raised its rating on Xcel Energy Inc (XEL).
The firm has upgraded XEL from “Hold” to “Buy,” and has raised the company’s price target from $31 to $32.50. This new price target suggests a 15% upside from the stock’s current price of $27.72.
Analyst Paul B. Fremont commented: “The stock is currently trading at an 8% P/E discount to our 2015E group average multiple.”
“Despite a difficult political environment in Minnesota the company was able to achieve a reasonable outcome in its NSP-Minnesota rate case,” the analyst added.
Looking forward, the firm has increased its FY2014 outlook from $1.95 to $2.00 per share.
Xcel Energy shares were mostly flat during pre-market trading Wednesday. The stock has been mostly flat YTD.
top shares: YPF Sociedad Anonima(YPF)
- [By WWW.GURUFOCUS.COM]
For the details of Knighthead Capital Management, LLC’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Knighthead+Capital+Management%2C+LLC
These are the top 5 holdings of Knighthead Capital Management, LLCSPDR S&P 500 (SPY) – 1,500,000 shares, 57.03% of the total portfolio. Spirit Realty Capital Inc (SRC) – 9,113,000 shares, 11.82% of the total portfolio. New PositionYPF SA (YPF) – 2,153,795 shares, 7.26% of the total portfolio. Shares reduced by 1.5%TerraForm Global Inc (GLBL) – 9,200,000 shares, 6.61% of the total portfolio. EQT Corp (EQT) – 597,300 shares, 5.9% of the total p