JPMorgan's 'Intrepid' Stock Plays
Updated from 7:03 a.m. EDT
JPMorgan
(JPM) - Get JP Morgan Chase & Co. Report
has been lauded by many market pundits for its move to take over
Bear Stearns
(BSC)
, and JPMorgan stock is considered one of very few financial stocks worth investing in the current economic environment by some of those same talking heads.
What about other JPMorgan investments? Stockpickr tracks one of the firm's investment vehicles, the
.
The Intrepid fund has a Morningstar rating of five stars and is managed by Silvio Tarca. It invests in large- and mid-cap stocks with a goal of long-term capital appreciation.
One of the stocks that the fund owns is one of the major integrated oil and gas companies,
Exxon Mobil
(XOM) - Get Exxon Mobil Corporation Report
. The company, which just reached an agreement with Papua New Guinea for a proposed liquefied natural gas project, expects to get a reduced tax rate on gas revenue. The stock has a price-to-earnings ratio of 12, a P/E-to-growth ratio of 1.6 and a yield of 1.7%.
Exxon Mobil stock is also owned by
TheStreet Recommends
, the noted oilman who was the highest paid hedge fund manager in 2005, earning $1.4 billion after his fund returned about 300% that year. Pickens also likes shares of
Anadarko Petroleum
(APC) - Get Anadarko Petroleum Corporation Report
, which has a P/E of 8,
Titanium Metals
(TIE)
, which has a P/E of 11, and
Weatherford International
(WFT) - Get Weatherford International plc Report
, which has a P/E of 24.
Another stock in the JPMorgan fund portfolio is
Bank of America
(BAC) - Get Bank of America Corporation Report
.
DiversityInc
magazine recently added Bank of America to its list of the nation's top 50 companies for diversity, with a No. 3 ranking. The stock has a P/E of 12, a PEG of 1.3 and a yield of 6.3%.
Bank of America is also in the portfolio of the
Blackrock Equity Dividend Fund
, which also has a Morningstar rating of five stars and is managed by Robert Shearer. Blackrock also owns shares of
Exelon
(EXC) - Get Exelon Corporation Report
, which has a P/E of 21,
General Electric
(GE) - Get General Electric Company Report
, with a P/E of 17.5, and
Total SA
, with a P/E of 8.
Morgan Stanley
(MS) - Get Morgan Stanley Report
is another stock owned by the JPMorgan Intrepid Value Fund. The stock has a P/E of 26, a PEG of 0.6 and a yield of 2.2%.
Morgan Stanley stock is also owned by the
managed by Barton Biggs, who had worked at Morgan Stanley for 30 years. Traxis also holds shares of
Continental Airlines
(CAL) - Get Caleres Inc. Report
, which has a P/E of 5,
Abbott Labs
(ABT) - Get Abbott Laboratories Report
, which has a P/E of 23, and
The Bank of New York Mellon
(BK) - Get The Bank of New York Mellon Corporation Report
, with a P/E of 19.
For more stocks held by the fund, check out the
portfolio at Stockpickr.com.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
Financial Times
and the author of
Trade Like a Hedge Fund
,
Trade Like Warren Buffett
and
SuperCa$h
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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