JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 5.37% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $9.49 would be incurred if the stock dropped below the $120.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for JP Morgan is bullish.
The RSI indicator is at 69.75 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for JP Morgan
Key Trends In ETF Issuer Growth
Thu, 19 Dec 2019 05:44:45 +0000
The ETF market is growing, and the rising tide lifts all boats—but not evenly.
JPMorgan Chase Financial Company LLC Announces the Early Redemption of Cushing® 30 MLP Index ETNs
Wed, 18 Dec 2019 22:02:00 +0000
JPMorgan Chase Financial Company LLC (the "Issuer") announced today that it will redeem all of its outstanding Cushing 30 MLP Index ETNs due June 15, 2037 (the "Redeemed ETNs") with a CUSIP of 48129G703 (NYSE Arca: PPLN).
5 Dow Stocks That Helped the Index Score Big in 2019
Wed, 18 Dec 2019 14:51:26 +0000
Easing trade tensions, three rate cuts in 2019 and positive economic data buoy the record run in Dow stocks in 2019.
Drowning in Debt? JPMorgan Wants to Talk
Wed, 18 Dec 2019 12:11:57 +0000
(Bloomberg) — Reviving indebted firms as they struggle in a slowing economy may be a top engine of growth for JPMorgan Chase & Co. next year, according to a co-head of its European leveraged-debt business.The bank expects more distressed situations among junk-rated firms and is planning to get in early to provide advice and financing, said Daniel Rudnicki Schlumberger, who jointly runs Leveraged Finance Origination for Europe, the Middle East and Africa.“What they have in common are challenging capital structures or looming maturities and pressures on covenants, and we’re already working on a few names to develop solutions,” he said in an interview.European growth is set to fall to as low as 1% in 2020, according to a Bloomberg poll of economists. That may mean more companies downgraded to junk and increases in default rates, fueling demand for rescue finance and restructuring expertise.Weak consumer demand has already contributed to a number of high-profile names running into trouble in Europe, such as iconic British travel agent Thomas Cook Group Plc which collapsed in September.JPMorgan participated in one of the most prominent turnarounds of 2019, helping arrange the 3.8 billion-euro ($4.2 billion) refinancing plan for French supermarket chain Casino Guichard-Perrachon SA in November.“Solutions can be found and we definitely think we can find the right package for borrowers and debt holders,” Rudnicki Schlumberger said. “In some cases, it may require some more creative thinking than the last few years have called for.”See also: Ratings Firms See Steady to Rising Defaults in Europe Next YearThe number of distressed companies rose in the first half of 2019 for the first time in more than two years, according to Moody’s Investors Service. Meanwhile, the tally of companies rated B-, six levels into junk territory, or lower and with a negative outlook has reached the highest level since 2009, S&P Global Ratings said in a report.A mild recession could drive the number of companies hit by downgrades or defaults to levels higher than those of the global financial crisis, Moody’s said in a report last month.Participating in turnarounds can involve providing new money to refinance maturing debt, renegotiating covenants — conditions attached to existing finance — or raising equity capital, Rudnicki Schlumberger said.But while an increase in distressed situations may be a growing business, he acknowledges it’s an area that requires acceptance of risk.“For our part, we aim to be risk smart and not risk shy,” Rudnicki Schlumberger said.To contact the reporters on this story: Laura Benitez in London at lbenitez1@bloomberg.net;Ruth McGavin in London at rmcgavin1@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Chris VellacottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
JPMorgan wins approval for majority-owned Chinese securities business
Wed, 18 Dec 2019 01:42:06 +0000
JPMorgan Chase has won approval to launch a majority-owned Chinese securities business, beating out Wall Street rivals and expanding its reach in the country against a difficult background of US-China trade tensions. The US bank is to open a new unit offering services including securities brokerage, investment advisory and underwriting and sponsorship, having received approval from the China Securities Regulatory Commission, it said on Tuesday.
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