One Banking Stock to Watch in December

The stock has added over 20% in the three months

Digital Content Manager
Dec 8, 2020 at 11:38 AM
facebook X logo linkedin

With the holiday season underway, now might be a good time to look into some new end-of-year investments. One stock in particular that tends to do well in December is bank name JPMorgan Chase & Co. (NYSE:JPM). In fact, the equity just showed up on a list of the 25 best stocks to own in December, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White.

According to White, JPM has averaged a 3.7% one-month return over the past 10 years, with eight of these returns being positive. This leaves the equity tied for fourth best on the list, and at its current perch of $122.08, a similar move would put JPMorgan stock above $126 -- just below the security's pre-pandemic levels. 

A closer look at the charts shows JPM making a valiant effort to climb back atop the $135 mark, which served as support for its record peak back in January. While the stock has encountered some resistance at the $123 level, it still sports a three-month lead of 22.2%. 

The stock could benefit from a round of analyst upgrades, too. The brokerage bunch is still split, with eight saying "buy" or better, and nine calling it a "hold" or worse. Adding to this, the 12-month consensus price target of $122.36 is right in line with current levels. 

Another reason to get in on JPM this month: its options are reasonably priced right now. The security sports a Schaeffer's Volatility Index (SVI) of 30%, which stands higher than just 14% of readings from the past year. This suggests options traders are pricing in relatively low volatility expectations at the moment. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI