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Wednesday, 04/20/2011 11:54:19 AM

Wednesday, April 20, 2011 11:54:19 AM

Post# of 728677
5 David Tepper Stock Buys for 2011
What a surprise JPM is on the list.

While the key to Appaloosa's success in 2009 came from buying beleaguered banking stocks, banking giant JPMorgan Chase(JPM_) only hit the fund's portfolio in the latest quarter. Appaloosa initiated a 540,000 share, $23 million stake in the bank.
Part of Appaloosa's late-to-the-game buying in JPMorgan may be due to the fact that the firm has long been the best-in-breed banking stock, with a comparatively conservative balance sheet and very profitable business units. In the height of the financial crisis, JPM got hit less hard -- and as a result, it's provided less of a mind-blowing rebound in shares since. That said, investors looking for exposure to the financial sector would do well to give JPM a chance.
A strong dividend payout, well-capitalized balance sheet, and serious scale make this stock a good option.
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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