This post was just published on ZYX Buy Change Alert.
JPMorgan stock is long from $34.14. JPMorgan stock is trading at $96.55. JPMorgan reported earnings this morning.
The headline numbers are disappointing and below the whisper numbers.
Digging Below The Surface
JPM is a very large bank with multiple functions. The disappointment is coming from the trading side, other business segments are strong.
If there is a dip in the stock, it will likely be a buying opportunity. Rising interest rates and lower regulation are likely to help banks over the next two years.
Zones And Buy Now Rating
The ‘Buy Now’ rating is a ‘YES’ and the new buy zone is $82 to $89.88. The new target zone is $130 to $140. The new recommended quantity is 10% -30%.
What To Do Now
Those in the stock may continue to hold.
Those not in the stock and following the ‘Good Way’ may consider starting a small scale right here.
Those not in the stock and following the ‘Best Way’ may wait for a dip into the buy zone.
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