Updated from 7:03 a.m. EDT
has been lauded by many market pundits for its move to take over
, 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,
. 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
, 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
, which has a P/E of 8,
, which has a P/E of 11, and
, which has a P/E of 24.
Another stock in the JPMorgan fund portfolio is
Bank of America
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
, which also has a Morningstar rating of five stars and is managed by Robert Shearer. Blackrock also owns shares of
, which has a P/E of 21,
, with a P/E of 17.5, and
, with a P/E of 8.
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
, which has a P/E of 5,
, which has a P/E of 23, and
The Bank of New York Mellon
, 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
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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