This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

'Fast Money' Recap: JPMorgan's Tell

NEW YORK ( TheStreet) -- The markets ended up higher on Thursday on some encouraging reports on bond auctions in Spain and Italy.

The Dow Jones Industrial Average rose 21.57, or 0.17%, to 12,471.02. The S&P 500 added 3.02, or 0.23%, to 1295.50. And the Nasdaq was up 13.94, or 0.51%, to 2724.70.

Guy Adami said on CNBC's "Fast Money" TV show that JPMorgan's (JPM - Get Report) earnings will be an important tell on whether the surprisingly strong financial rally is about to pause.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Adami said he would be looking at JPMorgan's return on assets and net chargeoff rates for credit card debt. He said he would probably take profits in the stock and return to buy it back at a later time.

Keith McCullough said JPMorgan is in position where its number has to be good and where it has to overdeliver on heightened expectations. He said it is in a difficult situation where shorts are fearful of getting squeezed and the longs are hopeful of getting paid. He said it's not a situation where he would want to be long.

Joe Terranova reiterated the importance of using options in the financials trade. He said investors will be looking to see how JPMorgan is going to control costs.

Moshe Orenbuch, a Credit Suisse analyst, said he would be looking for JPMorgan's comments on capital markets activity and its willingness and ability to return capital. He said the surprisingly strong rallies in Bank of America (BAC) and Citigroup (C) will depend on the health of the consumer and their ability to return capital to shareholders.

Orenbuch said JPMorgan's earnings should be closer to expectations than its peers. He said it wasn't able to do much in dividends and a buyback because it used up its earnings too quickly.

Melissa Lee, the moderator of the show, noted that Diamond Foods (DMND - Get Report), was falling in after-hours trading on reports of investigations by the Department of Justice and SEC of its walnut grower payments.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GGC $54.58 0.00%
BBBY $76.78 0.00%
CCL $47.84 0.00%
CHS $17.69 0.00%
DMND $32.57 0.00%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs