Shares of JPMorgan Chase & Co. (JPM) tacked on another 2.4% Monday on the strength of last week's earnings and continued higher on Tuesday. Jim Cramer said this stock still trades at less than 12 times earnings with nearly a 3% dividend yield that makes it very attractive.
We looked at JPM last week, recommending that you should "Go long JPM at current levels, risk to $115 and look for gains to the $150 area by year-end."
Bottom-line strategy: Continue to hold recently recommended long positions. Traders could raise stops to a close below $119 while maintaining our $150 price target.