JPM is buying back their stock at record levels.

If you crazy enough not to buy at these levels then you shouldn’t be in stocks. Financials especially JPM are going to lead the way for the next decade with interest rates rising they stand to benefit most from any other sector. Buy at 147-148 and you get a great dividend while waiting fir a stress test that will absolutely be a win for banks as they sit on plenty of cash and interest rates when they move higher will open up their profits to levels never seen before.

Buybacks are going to push JPM higher and JPM is buying back their stock at record levels. That tells you something and you should buy if a company buys its own stock. Huge block trades will come in next week and of course the big money investors will benefit again as they took profits in the 165 range and pushed it lower with analysts to the 147 range where it so now to watch them jump back on 20 points lower.

I am a buyer at this level and would feel very comfortable getting in here before they push it back up to the 165 range and then 200 in year from now. Regardless of what analysts which I call manipulators say you have to buy financials now and hold for long term if you are a long term investor.$JPMorgan Chase(JPM)$

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