," Tatro said Friday. JPMorgan shares fell by more than 8% last week to close at $147.92 on Friday. They were up about 0.5% in Monday's premarket.
After a successful year for financial stocks, those who missed out on the rally are finally getting a chance to buy at lower levels, he said. "You've got to be patient. Now you're getting the pullback," Tatro said. "JPMorgan was trading well over two times book [value]. That's way too rich. Now we're around 1.8. I think anywhere in here, you start to nibble, pick up shares of JPMorgan. It's a bargain.", but the possibility of higher interest rates pushed him to look elsewhere for gains.
"I do think that 1.25% is in the cards here for the 10-year yield, and in the near term, that could weigh on the financials. But I think there should be a tremendous buying opportunity on weakness," Baruch said in the same "Trading Nation" interview.IBM"IBM is not a darling in tech by any means. It really gets kind of swept aside," he said, highlighting the company's "tremendous strides forward in the past couple years for the cloud.
TradingNation At least 10 people of Dai Su village, Hlaingtharyar Tsp were forcibly abducted after the village was stormed by military terrorists according to locals. The reason for abduction is unknown. CrimesAgainstHumanity June21Coup WhatsHappeningInMyanmar
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