Barclays analyst Jason Goldberg and team have “long been attracted to” shares of JPMorgan Chase (JPM), even before news that CEO Jamie Dimon spent $26 million dollars to buy shares in the mega-bank. With JPMorgan’s investor day coming up on Feb. 23, they explain why:
Photo: Michael Nagle/Bloomberg
We have long been attracted to the shares of JPMorgan, given our view that its both a defensive and an offensive stock. In the current backdrop of economic concerns, its strong balance sheet, expense controls, and risk management benefit its valuation. Still, should the environment improve, its levered to a better economy/higher rates and has continued to make the necessary investments to remain competitive. We also note that in 7 of the past 10 years JPM has hosted this event, its shares have outperformed the BKX by 450bps on average over the following month. And in 8 of the 10 years, it outperformed the S&P 500 two months after the Investor Day. We believe this is in part due to the company telling a good story and addressing investor concerns head-on. We expect 2016 to be no different and hope it also aims to calm macro concerns.
Top 10 Gold Stocks To Watch Right Now: Net 1 UEPS Technologies, Inc.(UEPS)
- [By Javier Hasse]
Friday’s after-hours trading session did not see many stocks on the move. Shares of Net 1 UEPS Technologies Inc (NASDAQ: UEPS) were down almost 2.5 percent in what seemed like a correction of the 1.83 percent surge seen during the day.
Top 10 Gold Stocks To Watch Right Now: Infinity Pharmaceuticals, Inc.(INFI)
- [By Lisa Levin]
Infinity Pharmaceuticals Inc. (NASDAQ: INFI) shares dropped 70 percent to $1.32. Infinity announced plans to cut 21 percent of the workforce. The company also reported that DYNAMO Phase 2 monotherapy study evaluating the efficacy and safety of duvelisib met its primary endpoint.
Top 10 Gold Stocks To Watch Right Now: Mastercard Incorporated(MA)
- [By WWW.THESTREET.COM]
This one could be the easiest of advances, both because credit losses are down big and because its credit-card brethren — Capital One Financial, Discover, Visa (V) and MasterCard (MA) — have all had significant rallies. I actually regard this stock as inexpensive and think it can be bought here now that it has fully absorbed the loss of the Costco (COST) business to Visa and Citigroup (C) .
- [By Mitchell Clark]
This is a stock to own for the long term. It has an excellent long-term track record. Management just announced another dividend increase and more share repurchases.
Earnings growth in 2016 is expected to accelerate over the performance in 2015. The big credit card brands are institutional favorites.
MasterCard Incorporated’s (NYSE:MA) sales and earnings growth have been quite consistent over the years.
- [By John Ballard]
Partnerships play a crucial role in extending PayPal’s reach to new customers and driving higher engagement. The deal with Visa(NYSE:V) opened the door for partnerships with Mastercard(NYSE:MA), Citigroup(NYSE:C), and Fidelity National Information Services (NYSE:FIS). As a result, more deals will come that will increase PayPal’s relevancy and ubiquity in the mobile payment landscape.
- [By Matthew Cochrane]
Keeping these statistics in mind, one can see how marrying these two concepts would be equivalent to finding the Holy Grail of payments. This is how Mastercard Inc (NYSE:MA), clearly one of the giants in the payments space, plans to capture market share and win more card issuer deals by making payments as safe and frictionless as possible.
Top 10 Gold Stocks To Watch Right Now: Technology Select Sector SPDR ETF (XLK)
- [By Money Morning News Team]
If the price is keeping you out of GOOGL, take a look at theTechnology SPDR ETF (NYSE Arca: XLK), where you get to hold shares of many of these top tech companies at a fraction of the cost.
Top 10 Gold Stocks To Watch Right Now: LKQ Corporation(LKQ)
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
Top 10 Gold Stocks To Watch Right Now: SK TELECOM ADR EACH REP 1/9 KRW500(CIT)
- [By Ben Levisohn]
We will admit that these latter assumptions are somewhat arbitrary, but nevertheless we cannot help escape the view that in 2017 everything will likely be at least a little adverse to prior expectations. On average our estimate reductions are 8%, and range from 3% at CIT Group (CIT) to 13% at Goldman Sachs. With that, we are lowering our PT of Bank of America,Citigroup andGoldman Sachs from $20, $70 and $243 to $18, $63 and $214, respectively…
- [By Lisa Abramowicz]
There was this maturity wall that people were terrified of, said Neil Wessan, the group head of New York-based CIT Group Inc. (CIT)s capital markets unit. Thats been spread out over a much broader period of time.
Top 10 Gold Stocks To Watch Right Now: Biogen Idec Inc(BIIB)
- [By George Budwell]
Shares of theDanish drugmaker Forward Pharma A/S (NASDAQ:FWP) gained 48.2% yesterday as the result of a settlement and licensing deal with Biogen (NASDAQ:BIIB)involving an ongoing patent dispute over the multiple sclerosis drug Tecfidera. Per the terms of the deal, Biogen will fork overa non-refundable$1.25 billion licensing fee, and possibly pay 10% to 20% royalties on Tecfidera’snet sales to Forward starting in 2021.
- [By WWW.MONEYSHOW.COM]
Biogen discovers, develops and delivers innovative therapies for the treatment of neurodegenerative diseases and autoimmune disorders.
- [By Todd Campbell]
A new and highly anticipated study byCelgene Corp. (NASDAQ:CELG) shows that its promising multiple sclerosis drug could soon reshape the $19 billion multiple sclerosis market. On Friday, management reported that ozanimod met its primary endpoint for reducing MS relapses better than Biogen Inc.’s (NASDAQ:BIIB) Avonex, and importantly, it did so without any new safety risks.
Top 10 Gold Stocks To Watch Right Now: MEDIFAST INC(MED)
- [By Lisa Levin]
In trading on Friday, non-cyclical consumer goods & services shares rose by just 0.3 percent. Meanwhile, top losers in the sector included Medifast Inc (NYSE: MED), down 5 percent, and Bridgford Foods Corporation (NASDAQ: BRID), down 6 percent.
Top 10 Gold Stocks To Watch Right Now: iShares MSCI Japan (EWJ)
- [By Stephen Leeb, Founder and Research Chairman, Leeb Group]
Despite the 30% plus gains they’ve enjoyed this year, the stocks that comprise the iShares MSCI Japan ETF (EWJ) still trade at 14 times depressed earnings.
Top 10 Gold Stocks To Watch Right Now: Agrium Inc.(AGU)
- [By Chad Fraser]
The agriculture ETF is heavily weighted toward the U.S., with 45.8% of its assets there, but it is geographically diverse, with exposure to countries such as Canada (9.9%), Switzerland (8.5%), Japan (6.7%) and Singapore (5.1%).
Potash Cartel Breakup Has Weighed on This Agriculture ETF
The ETF’s unit price declined in the first half of 2013, partly because of the breakup of the Belarusian Potash Company (BPC), through which Russia’s Uralkali, the world’s No. 1 potash producer, and Belaruskali of Belarus distribute their potash. The market is dominated by BPC and Canpotex, owned by Potash Corp. of Saskatchewan (NYSE: POT), Mosaic and Agrium Inc. (NYSE: AGU).
Together, the two cartels control 70% of global potash exports, so the breakup of BPC will result in a more fractured market, which seems likely to push potash prices lower. Shares of major potash producers fell sharply on the news, as did Market Vectors Agribusiness ETF due to its potash stock holdings, which include Agrium, Potash Corp. and Mosaic.
- [By Jon C. Ogg]
Gains are being seen elsewhere as well, except in shares of The Mosaic Company (NYSE: MOS). AgriumInc. (NYSE: AGU) was up almost 3% at $91.95 in late Monday trading, although this one held up much better in the destructive news phase when the alarming news roiled these stocks. The big winner is Intrepid Potash, Inc. (NYSE: IPI), with a gain of 7% to $16.20 in late-Monday trading.