JPMorgan Chase & Co. (JPM)

117.34
NYSE
Prev Close 118.31
Day Low/High 115.02 / 119.67
52 Wk Low/High 115.37 / 172.96
Exchange NYSE
Shares Outstanding 2937.05B
Market Cap 347.48B
P/E Ratio 17.47
Div & Yield N.A. (N.A)
Tech Beatdown, Technical Tightrope, Treasury Spreads, Fed Out in Force

Tech Beatdown, Technical Tightrope, Treasury Spreads, Fed Out in Force

Plus, many economists don't seem to understand the term "full employment" and earnings season kicks off.

Going Long JPM

Now long JPMorgan Chase . Small.  

Closed Out My JPM Short

* In premarket Housekeeping item.   I was short JPMorgan Chase against long Citigroup in a pairs trade.    It has worked out well and I just covered JPM at $161.90 in premarket trading.

As More Economic News Hits, the Market Is Struggling to Hold Up

As More Economic News Hits, the Market Is Struggling to Hold Up

Thursday there will be another reading on inflation when the PPI report is released as well as weekly unemployment numbers.

Disgust, Despair, a Dash Upward and More Disappointment

Disgust, Despair, a Dash Upward and More Disappointment

Despite the intraday recovery, we had more poor action, and now it's all eyes on the Fed's chat with Congress.

Jobs Report, Fed Psychology, Bullard's Grenade, Notes of Note, Fresh Fresca

Jobs Report, Fed Psychology, Bullard's Grenade, Notes of Note, Fresh Fresca

Plus, a look at rising mortgage rates and why SoFi Technologies is a stock for which I continue to hold out hope.

Reviewing Our Bank Pairs Trade

On Tuesday I initiated a pairs trade - Long /Short :  Jan 04, 2022 ' 01:50 PM EST DOUG KASS Pairs Trade I just added to (C) at $63.70 and shorted (JPM) against it at $168.05.  Taking into account the payment of a $1 JPM dividend this week, C is trad...

Where to Invest Now? I'm Focused on 4 Core 'Baskets' of Stocks

Where to Invest Now? I'm Focused on 4 Core 'Baskets' of Stocks

There are other areas to trade as well, but know what you are trying to accomplish.

From The Street of Dreams

Societe Generale has downgraded JPMorgan to hold with a price target of $175.

It's a Frustrating Time for Momentum Traders, but There Are Glimmers of Hope

It's a Frustrating Time for Momentum Traders, but There Are Glimmers of Hope

Checking out a few momentum stocks that recently have lost ground shows selling may be drying up around their most recent lows.

Why I Like Pairs Trading

A pairs trade is a trading strategy that involves matching a long position with a short position in two stocks with a high correlation.  As I am of the view, at the very least, that the Bull Market is aging - a pairs trade provides an opportunity to...

Pairs Trade

I just added to at $63.70 and shorted against it at $168.05.

It's a Discouraging Day for Stock Pickers

It's a Discouraging Day for Stock Pickers

There are huge baskets of stocks being bought and sold in order to shift exposure out of growth and other stocks that are hurt by higher rates.

Citigroup: Too Cheap to Ignore?

* Market participants appear to be waiting until Citigroup's divestiture program from a number of foreign markets is fully completed * Redeploying those assets into buybacks, with the shares at a large discount to book value, makes a lot of financia...

Santa Baby, Volatility, CDC Shift, Apple $3T, CES, Trading Energy Stock APA

Santa Baby, Volatility, CDC Shift, Apple $3T, CES, Trading Energy Stock APA

Over those past 15 years, the S&P 500 has posted an increase for the last week of the trading year 67% of the time.

A Subtle Turn, My Monday Trades, Dominant Omicron, Biden, Not Easy Being Green

A Subtle Turn, My Monday Trades, Dominant Omicron, Biden, Not Easy Being Green

The semis survived a series of individual tests on Monday, which might be worthy of finding a spot in the back of that mind of yours.

It's a Very Chaotic and Challenging Market Right Now

It's a Very Chaotic and Challenging Market Right Now

But the problem is that we have to navigate the Omicron issue this week.

Economic Purgatory and the Rising Odds of Slugflation (Sluggish Growth, Sustained Inflation)

* It is still time to be cautious as it grows more likely that an important market top has been sketched * But, after the reasonably sharp and steady fall of the average stock (non "Nifty Seven") over the last several months - opportunities are like...

The Banking Sector

Bank stocks have been disappointing over the last few months.  However, over the last few trading days, I sense some renewed interest in the sector - and a short term rally would not be surprising.  I have been buying, for investment, what I think i...

Today's Trades

* I have covered my short at $467.41. * I covered my short at $157.94. * Broad-based increase in my and individual cannabis names. * Added to at $30.36. * Added to  at $59.90. * Bidding for more under the market.

Covering JPM Short

I have covered my short at $157.94.

Today's Trades

I added to and longs.  Citigroup is down off a neutral initiation - concerns about buyback being delayed until 1Q, discussed earlier this week. Rather than buy more I have called an audible and I have shorted some against my C long. I have recently ...

To C From JPM

I have just sold my position in for a small profit (at $162.65). I never accumulated enough of a position below $160 and I am recommitting the money into Citigroup now.

This Morning's Trades

* Purchased at $142.1. * Covered my short at $461.20. (Bought some SPY for a rental at $460.85 and sold out at a profit.) * Added to ($196.70), ($64.50), ($161), ($32.68), ($27.85), ($23.40), ($24.18) and ($10.37). * Covered all of my under $320. __...

More Premarket Moves

I have covered my Nvidia short for a very small profit (under $320). I am adding to JPMorgan Chase  , Citigroup , AT&T and Boeing BA.  

Adding to 2 Bank Holdings

I added to my Citigroup  and JPMorgan Chase holdings in the premarket at $64.75 and $161.02, respectively.  

Hotel California

* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts  "Last thing I remember, I was Running for the door I had to find the passage ba...

My Stock Shopping Spree, SPR Show, Cathie and Jamie on China, Crypto Regulation?

My Stock Shopping Spree, SPR Show, Cathie and Jamie on China, Crypto Regulation?

I have to admit that I deployed a good bit of cash on Tuesday, far more than I expected to during Thanksgiving week.

My Shorting Zone Radar Is Flashing

Both and are moving back into my shorting zone.   But, given my belief that value/financials may catch up (absolutely and relative to growth) - I have been steadily adding to and initiated a purchase on Friday - I will give the stocks a wider berth ...

Adding to 2 Positions

I have added to Citigroup and JPMorgan Chase on the modest pullback.