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Time to Make a Move

Stock (Symbol) Stock Price

JP Morgan (JPM)

$43

Data is as of Expected to Report Sector

December 17, 2012

Jan 16

Finance

Sharek’s Take
David SharekJP Morgan hasn’t been a great stock the past decade. In fact, the stock has been around the same price for the last nine years. The reason JPM hasn’t gone up is profit growth has been erratic. But now I feel JPM is ready to break out of its base and make a move. JP Morgan is a conservative bank that gives investors a Financial stock that won’t let them down. That said, this isn’t a buy-and-hold stock with a history of growing each year, so you could buy this stock and sell it if it makes a move.
Ten-Year Chart
JPM_2012_Q4_10yrThis isn’t the type of stock I usually own. Lots of red in Annual Profits and I like stocks that go up over the long-term. Notice profits 2012 profits of around $5 are all-time highs — that will push the stock to new high territory too.
Profit History
JPM_2012_Q4_PHShoddy profit growth and the dividend history terrible. Still, even at 10 times earnings, this stock has good upside. I feel JPM will try to make a move in 2013.
Power Ranking Bottom Line
Conservative Portfolio

6 of 18

I think its time for JPM to make a move higher. Profits will likely hit record highs this year and conservative stocks are hot. I think this stock will move higher, but investors might want to take profits if it does as JPM doesn’t have a good ten-year chart. JPM is ranked 6th in the Conservative Growth Portfolio Power Rankings.

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